Logan Capital Management Inc. Trims Stake in Deckers Outdoor Corporation $DECK

Logan Capital Management Inc. lessened its position in Deckers Outdoor Corporation (NYSE:DECK) by 8.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,203 shares of the textile maker’s stock after selling 8,913 shares during the quarter. Logan Capital Management Inc. owned 0.07% of Deckers Outdoor worth $10,019,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC raised its position in Deckers Outdoor by 137.4% in the 2nd quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock worth $32,000 after purchasing an additional 180 shares during the period. Mountain Hill Investment Partners Corp. bought a new position in shares of Deckers Outdoor during the first quarter valued at approximately $34,000. Cromwell Holdings LLC raised its holdings in shares of Deckers Outdoor by 4,766.7% in the second quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock worth $45,000 after buying an additional 429 shares during the period. Olde Wealth Management LLC purchased a new stake in shares of Deckers Outdoor in the first quarter worth approximately $47,000. Finally, Banque Transatlantique SA bought a new stake in shares of Deckers Outdoor during the 1st quarter worth approximately $51,000. 97.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the sale, the director owned 10,979 shares in the company, valued at $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on DECK shares. Raymond James Financial set a $115.00 price objective on Deckers Outdoor and gave the company a “strong-buy” rating in a research report on Friday. Bank of America upped their price target on shares of Deckers Outdoor from $120.00 to $122.00 and gave the stock a “neutral” rating in a report on Thursday, September 25th. Barclays reduced their price target on shares of Deckers Outdoor from $141.00 to $113.00 and set an “overweight” rating on the stock in a research note on Monday. Sanford C. Bernstein assumed coverage on shares of Deckers Outdoor in a research report on Thursday, September 18th. They issued an “underperform” rating and a $100.00 price objective for the company. Finally, UBS Group reaffirmed a “buy” rating on shares of Deckers Outdoor in a research report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.11.

Deckers Outdoor Price Performance

NYSE:DECK opened at $90.64 on Tuesday. Deckers Outdoor Corporation has a 1-year low of $86.83 and a 1-year high of $223.98. The company has a 50-day moving average of $108.35 and a 200 day moving average of $108.37. The firm has a market cap of $13.45 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 3.29 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 23rd. The textile maker reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.24. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the firm posted $1.59 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. Sell-side analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

About Deckers Outdoor

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.