BI Asset Management Fondsmaeglerselskab A S Acquires 128,336 Shares of Deckers Outdoor Corporation $DECK

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Deckers Outdoor Corporation (NYSE:DECKFree 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.

View Our Latest Stock Report on Deckers Outdoor

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:DECKGet 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

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Corporation (NYSE:DECKFree Report).

Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.