Geode Capital Management LLC Lowers Stake in Deckers Outdoor Corporation $DECK

Geode Capital Management LLC lowered its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,020,171 shares of the textile maker’s stock after selling 9,668 shares during the quarter. Geode Capital Management LLC’s holdings in Deckers Outdoor were worth $415,221,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its position in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after buying an additional 215 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of Deckers Outdoor during the 4th quarter valued at $30,000. Rakuten Securities Inc. grew its holdings in shares of Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Activest Wealth Management grew its holdings in shares of Deckers Outdoor by 298.8% during the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 245 shares during the last quarter. Finally, Aventura Private Wealth LLC bought a new position in shares of Deckers Outdoor during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on DECK shares. Piper Sandler raised shares of Deckers Outdoor from an “underweight” rating to a “neutral” rating and increased their target price for the company from $95.00 to $100.00 in a report on Monday, May 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $138.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Zacks Research lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Raymond James Financial lowered shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target on the stock. in a report on Thursday, April 23rd. Finally, Stifel Nicolaus set a $144.00 price target on shares of Deckers Outdoor in a report on Friday. Nine 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 presently has an average rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor Stock Down 0.0%

Shares of Deckers Outdoor stock opened at $113.84 on Monday. The firm has a market cap of $15.81 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 2.26 and a beta of 1.16. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $126.50. The company’s fifty day simple moving average is $103.16 and its two-hundred day simple moving average is $102.90.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, sell-side analysts expect that Deckers Outdoor Corporation will post 7.41 earnings per share 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.