ING Groep NV bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,835 shares of the textile maker’s stock, valued at approximately $1,953,000.
A number of other hedge funds have also modified their holdings of DECK. Geneos Wealth Management Inc. grew its position in shares of Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. Elyxium Wealth LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $30,000. Rakuten Securities Inc. grew its position in shares of Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares during the last quarter. Activest Wealth Management grew its position in shares of Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after acquiring an additional 245 shares during the last quarter. Finally, Aventura Private Wealth LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $40,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
DECK has been the topic of a number of research reports. Raymond James Financial lowered Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price on the stock. in a report on Thursday, April 23rd. Zacks Research lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a report on Monday, April 20th. Sanford C. Bernstein reissued a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Finally, Barclays reissued an “overweight” rating and issued a $141.00 target price (down from $143.00) on shares of Deckers Outdoor in a report on Tuesday, May 26th. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Hold” and an average price target of $121.11.
Deckers Outdoor Trading Up 2.7%
NYSE:DECK opened at $112.66 on Wednesday. The firm has a market cap of $15.65 billion, a P/E ratio of 16.00, a PEG ratio of 2.17 and a beta of 1.16. The stock’s 50 day simple moving average is $104.59 and its 200-day simple moving average is $104.22. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $126.50.
Deckers Outdoor (NYSE:DECK – Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. Deckers Outdoor’s quarterly revenue was up 9.5% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Research analysts forecast that Deckers Outdoor Corporation will post 7.44 EPS for the current fiscal year.
Deckers Outdoor Company Profile
Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.
Founded in 1973 by Doug Otto and Karl F.
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