BI Asset Management Fondsmaeglerselskab A S Sells 84,223 Shares of Deckers Outdoor Corporation $DECK

BI Asset Management Fondsmaeglerselskab A S lowered its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 41.9% in the first quarter, Holdings Channel.com reports. The fund owned 116,944 shares of the textile maker’s stock after selling 84,223 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Deckers Outdoor were worth $11,705,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in shares of Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 215 shares during the period. Elyxium Wealth LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $30,000. Rakuten Securities Inc. raised its position in 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 in the last quarter. Activest Wealth Management raised its position in 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 in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DECK. UBS Group upped their price objective on shares of Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a research note 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 research report on Friday, May 22nd. Stifel Nicolaus set a $144.00 price target on shares of Deckers Outdoor in a report on Friday, May 29th. Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Barclays reiterated an “overweight” rating and set a $141.00 price objective (down from $143.00) on shares of Deckers Outdoor in a research note on Tuesday, May 26th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Deckers Outdoor has an average rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor Stock Down 0.1%

Shares of DECK opened at $109.04 on Monday. The company has a 50 day moving average of $106.29 and a two-hundred day moving average of $105.60. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $126.50. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 2.16 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last issued its quarterly 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. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $1.00 earnings per share. The business’s quarterly revenue was up 9.5% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, sell-side analysts expect that Deckers Outdoor Corporation will post 7.45 EPS for the current 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.