Daiwa Securities Group Inc. Lowers Position in Deckers Outdoor Corporation $DECK

Daiwa Securities Group Inc. trimmed its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 30.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,651 shares of the textile maker’s stock after selling 13,918 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Deckers Outdoor were worth $3,281,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DECK. Revolve Wealth Partners LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Deckers Outdoor by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after buying an additional 522 shares during the period. Empowered Funds LLC raised its stake in shares of Deckers Outdoor by 165.6% during the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock worth $1,145,000 after buying an additional 6,384 shares during the period. Focus Partners Wealth raised its stake in shares of Deckers Outdoor by 8.1% during the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock worth $773,000 after buying an additional 521 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of Deckers Outdoor by 163.2% during the 2nd quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock worth $1,062,000 after buying an additional 6,391 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

NYSE DECK opened at $109.61 on Tuesday. The business has a fifty day moving average price of $104.22 and a 200 day moving average price of $104.01. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $126.50. The company has a market cap of $15.22 billion, a P/E ratio of 15.57, a P/E/G ratio of 2.14 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 EPS 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 firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the company earned $1.00 EPS. The firm’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. As a group, sell-side analysts predict that Deckers Outdoor Corporation will post 7.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DECK. UBS Group upped their target price on Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Barclays reaffirmed an “overweight” rating and set a $141.00 target price (down from $143.00) on shares of Deckers Outdoor in a research note on Tuesday, May 26th. Stifel Nicolaus set a $144.00 target price on Deckers Outdoor in a research note on Friday, May 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, May 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $138.00 target price on shares of Deckers Outdoor in a research note on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Deckers Outdoor has an average rating of “Hold” and a consensus price target of $121.11.

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.