iA Global Asset Management Inc. Sells 21,065 Shares of Deckers Outdoor Corporation $DECK

iA Global Asset Management Inc. cut its position in Deckers Outdoor Corporation (NYSE:DECK) by 51.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,597 shares of the textile maker’s stock after selling 21,065 shares during the quarter. iA Global Asset Management Inc.’s holdings in Deckers Outdoor were worth $1,961,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DECK. Allspring Global Investments Holdings LLC lifted 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 valued at $43,538,000 after buying an additional 81,345 shares during the period. Lombard Odier Asset Management USA Corp bought a new position in Deckers Outdoor during the third quarter valued at about $1,142,000. ProShare Advisors LLC raised its holdings in Deckers Outdoor by 52.5% in the 4th quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker’s stock valued at $4,356,000 after acquiring an additional 14,470 shares in the last quarter. SG Americas Securities LLC raised its holdings in Deckers Outdoor by 309.0% in the 4th 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 in the last quarter. Finally, Park Avenue Securities LLC lifted its position in shares of Deckers Outdoor by 19.8% in the 4th quarter. Park Avenue Securities LLC now owns 30,211 shares of the textile maker’s stock worth $3,132,000 after acquiring an additional 4,993 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 4.5%

NYSE DECK opened at $104.81 on Friday. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $126.50. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 1.98 and a beta of 1.17. The stock’s 50 day moving average is $105.16 and its two-hundred day moving average is $105.88.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.15. The business 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 firm posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, analysts predict that Deckers Outdoor Corporation will post 7.45 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wells Fargo & Company lowered Deckers Outdoor from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $115.00 to $90.00 in a report on Friday, May 8th. UBS Group upped their target price on Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Telsey Advisory Group set a $113.00 target price on Deckers Outdoor in a research report on Friday, May 22nd. Zacks Research downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Stifel Nicolaus set a $144.00 price target on shares of Deckers Outdoor in a report on Friday, May 29th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $121.11.

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.