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

BI Asset Management Fondsmaeglerselskab A S raised its position in Deckers Outdoor Corporation (NYSE:DECK) by 176.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 owned about 0.14% of Deckers Outdoor worth $20,855,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its stake in shares of Deckers Outdoor by 330.8% in the second 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 during the period. Elyxium Wealth LLC bought a new stake in shares of Deckers Outdoor in the fourth quarter valued at $30,000. Rakuten Securities Inc. raised its stake in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after buying an additional 100 shares during the period. Activest Wealth Management raised its stake in shares of Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after buying an additional 245 shares during the period. Finally, Aventura Private Wealth LLC bought a new stake in shares of Deckers Outdoor in the fourth quarter valued at $40,000. 97.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DECK has been the topic of a number of analyst reports. UBS Group boosted their price objective on Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Wells Fargo & Company lowered Deckers Outdoor from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $115.00 to $90.00 in a research note on Friday, May 8th. Needham & Company LLC reiterated a “buy” rating and set a $138.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 22nd. Telsey Advisory Group set a $113.00 price objective on Deckers Outdoor in a research note on Friday, May 22nd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, May 22nd. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $121.11.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $108.15 on Friday. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $126.50. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 2.16 and a beta of 1.16. The business’s fifty day moving average is $103.90 and its 200 day moving average is $103.67.

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, topping analysts’ consensus estimates of $0.81 by $0.15. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Equities analysts predict that Deckers Outdoor Corporation will post 7.44 EPS for the current fiscal 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.