Hantz Financial Services Inc. Trims Stock Position in Deckers Outdoor Corporation $DECK

Hantz Financial Services Inc. cut its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 49.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,932 shares of the textile maker’s stock after selling 4,875 shares during the quarter. Hantz Financial Services Inc.’s holdings in Deckers Outdoor were worth $511,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DECK. 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 in the last quarter. Elyxium Wealth LLC bought a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. boosted its stake in shares of Deckers Outdoor by 45.5% during the second 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 boosted its stake in shares of Deckers Outdoor by 298.8% during the fourth 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, Aventura Private Wealth LLC bought a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $40,000. 97.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Wells Fargo & Company downgraded shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $115.00 to $90.00 in a research note on Friday, May 8th. KeyCorp reiterated a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, May 22nd. 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. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $92.00 price objective (up from $81.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Hold” and an average price target of $120.50.

Deckers Outdoor Trading Down 0.1%

NYSE DECK opened at $114.24 on Friday. The company has a fifty day simple moving average of $102.97 and a two-hundred day simple moving average of $102.66. The stock has a market cap of $15.87 billion, a P/E ratio of 16.23, a P/E/G ratio of 2.27 and a beta of 1.14. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $126.50.

Deckers Outdoor (NYSE:DECK) last posted 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. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $1.00 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, sell-side analysts forecast that Deckers Outdoor Corporation will post 7.41 earnings per share for the current year.

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.