HighTower Advisors LLC Lowers Position in Deckers Outdoor Corporation $DECK

HighTower Advisors LLC cut its stake in Deckers Outdoor Corporation (NYSE:DECK) by 91.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,305 shares of the textile maker’s stock after selling 306,559 shares during the quarter. HighTower Advisors LLC’s holdings in Deckers Outdoor were worth $3,038,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Deckers Outdoor by 24.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 407,698 shares of the textile maker’s stock worth $43,538,000 after purchasing an additional 81,345 shares during the last quarter. American Century Companies Inc. increased its position in shares of Deckers Outdoor by 21.6% during the third quarter. American Century Companies Inc. now owns 1,157,559 shares of the textile maker’s stock valued at $117,342,000 after acquiring an additional 205,748 shares during the last quarter. Lombard Odier Asset Management USA Corp purchased a new stake in shares of Deckers Outdoor during the third quarter valued at approximately $1,142,000. US Bancorp DE increased its position in shares of Deckers Outdoor by 262.3% during the third quarter. US Bancorp DE now owns 61,436 shares of the textile maker’s stock valued at $6,228,000 after acquiring an additional 44,477 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Deckers Outdoor by 309.0% during the fourth quarter. SG Americas Securities LLC now owns 240,466 shares of the textile maker’s stock valued at $24,929,000 after acquiring an additional 181,675 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on DECK. Stifel Nicolaus set a $144.00 price target on Deckers Outdoor in a research report on Friday. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $105.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research report on Monday, April 20th. Piper Sandler raised Deckers Outdoor from an “underweight” rating to a “neutral” rating and increased their price target for the company from $95.00 to $100.00 in a research report on Monday, May 18th. Finally, Barclays reaffirmed an “overweight” rating and set a $141.00 price target (down from $143.00) on shares of Deckers Outdoor in a research report on Tuesday. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Deckers Outdoor has an average rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor Trading Down 0.4%

Shares of NYSE DECK opened at $113.84 on Friday. The stock has a fifty day simple moving average of $103.16 and a two-hundred day simple moving average of $102.73. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $126.50. The firm has a market cap of $15.81 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 2.26 and a beta of 1.14.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data 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. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the company earned $1.00 earnings per share. Deckers Outdoor’s revenue was up 9.5% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Analysts forecast that Deckers Outdoor Corporation will post 7.41 EPS for the current year.

Deckers Outdoor 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.