Corient Private Wealth LLC Sells 29,129 Shares of Deckers Outdoor Corporation $DECK

Corient Private Wealth LLC reduced its stake in Deckers Outdoor Corporation (NYSE:DECK) by 36.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,611 shares of the textile maker’s stock after selling 29,129 shares during the period. Corient Private Wealth LLC’s holdings in Deckers Outdoor were worth $5,387,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DECK. Geneos Wealth Management Inc. grew 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 acquiring an additional 215 shares in the last quarter. Elyxium Wealth LLC acquired a new position in Deckers Outdoor during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. raised its holdings 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 lifted its holdings 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 worth $34,000 after acquiring an additional 245 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $138.00 price target on shares of Deckers Outdoor in a report on Friday, May 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a research note on Monday, April 20th. Raymond James Financial cut Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price objective for the company. in a research note on Thursday, April 23rd. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. Finally, KGI Securities downgraded shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target on the stock. in a report on Friday, May 22nd. 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 company. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor Stock Performance

Shares of DECK opened at $102.52 on Friday. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $126.50. The stock has a market capitalization of $14.24 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 2.09 and a beta of 1.16. The stock’s 50-day simple moving average is $105.97 and its 200 day simple moving average is $105.85.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 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 company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business earned $1.00 earnings per share. Deckers Outdoor’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, research analysts forecast that Deckers Outdoor Corporation will post 7.45 earnings per share for the current fiscal 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.