Deckers Outdoor Corporation $DECK Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 4.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 807,922 shares of the textile maker’s stock after selling 37,906 shares during the period. Bank of New York Mellon Corp’s holdings in Deckers Outdoor were worth $83,757,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors 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 worth $29,000 after buying an additional 215 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter worth about $30,000. Rakuten Securities Inc. raised its position 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 worth $33,000 after buying an additional 100 shares in the last quarter. Activest Wealth Management raised its position 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 worth $34,000 after buying an additional 245 shares in the last quarter. Finally, Aventura Private Wealth LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter worth about $40,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Price Performance

NYSE DECK opened at $109.61 on Tuesday. The company’s 50 day simple moving average is $104.22 and its 200 day simple moving average is $104.01. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $126.50. The company has a market capitalization of $15.22 billion, a P/E ratio of 15.57, a PEG ratio of 2.14 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business earned $1.00 earnings per share. 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. On average, analysts anticipate that Deckers Outdoor Corporation will post 7.44 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Telsey Advisory Group set a $113.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. KGI Securities downgraded shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price on the stock. in a report on Friday, May 22nd. Piper Sandler upgraded shares of Deckers Outdoor from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $95.00 to $100.00 in a report on Monday, May 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a report on Monday, April 20th. Finally, Wells Fargo & Company downgraded shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $115.00 to $90.00 in a report on Friday, May 8th. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $121.11.

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.