BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Deckers Outdoor Corporation (NYSE:DECK – Free Report) by 176.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 201,167 shares of the textile maker’s stock after buying an additional 128,336 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Deckers Outdoor were worth $20,855,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in DECK. Geneos Wealth Management Inc. increased its stake in Deckers Outdoor by 330.8% in the 2nd 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 in the 4th quarter worth about $30,000. Rakuten Securities Inc. boosted its holdings in shares of Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Activest Wealth Management boosted its holdings in shares of Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after purchasing an additional 245 shares in the last quarter. Finally, Aventura Private Wealth LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter worth about $40,000. 97.79% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
DECK has been the subject of a number of research reports. Zacks Research cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Raymond James Financial cut Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price objective for the company. in a report on Thursday, April 23rd. Argus set a $128.00 price objective on Deckers Outdoor in a report on Friday, May 29th. KGI Securities cut Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective for the company. in a report on Friday, May 22nd. Finally, UBS Group upped their price objective on Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $121.11.
Deckers Outdoor Price Performance
Shares of DECK stock opened at $108.15 on Friday. The stock has a market capitalization of $15.02 billion, a PE ratio of 15.36, a P/E/G ratio of 2.16 and a beta of 1.16. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $126.50. The business has a 50-day moving average of $103.90 and a 200 day moving average of $103.67.
Deckers Outdoor (NYSE:DECK – Get Free Report) last issued its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.15. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.Deckers Outdoor’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Analysts anticipate that Deckers Outdoor Corporation will post 7.44 EPS for the current year.
About Deckers Outdoor
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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