Deckers Outdoor Corporation $DECK Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. cut its stake in Deckers Outdoor Corporation (NYSE:DECK) by 30.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,651 shares of the textile maker’s stock after selling 13,918 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Deckers Outdoor were worth $3,281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth $252,729,000. Viking Global Investors LP acquired a new stake in shares of Deckers Outdoor in the 3rd quarter worth $175,058,000. Northern Trust Corp increased its stake in shares of Deckers Outdoor by 3.6% in the 3rd quarter. Northern Trust Corp now owns 1,721,542 shares of the textile maker’s stock worth $174,513,000 after acquiring an additional 60,029 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Deckers Outdoor by 109.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,656,405 shares of the textile maker’s stock worth $171,720,000 after acquiring an additional 867,397 shares during the last quarter. Finally, TD Asset Management Inc increased its stake in shares of Deckers Outdoor by 5.7% in the 4th quarter. TD Asset Management Inc now owns 1,456,239 shares of the textile maker’s stock worth $150,968,000 after acquiring an additional 77,896 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research note on Monday, April 20th. Argus set a $128.00 target price on Deckers Outdoor in a research note on Friday, May 29th. Wells Fargo & Company downgraded Deckers Outdoor from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $115.00 to $90.00 in a research report on Friday, May 8th. KGI Securities downgraded Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective for the company. in a research report on Friday, May 22nd. Finally, Truist Financial set a $125.00 price objective on Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, May 22nd. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Deckers Outdoor currently has a consensus rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor Trading Up 1.4%

Shares of NYSE:DECK opened at $109.61 on Tuesday. The business has a 50-day moving average price of $104.22 and a 200 day moving average price of $104.01. The company has a market capitalization of $15.22 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 2.14 and a beta of 1.16. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $126.50.

Deckers Outdoor (NYSE:DECK) last announced its earnings results 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 return on equity of 41.19% and a net margin of 18.90%.The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business posted $1.00 EPS. Deckers Outdoor’s revenue for the quarter was up 9.5% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, equities research analysts predict that Deckers Outdoor Corporation will post 7.44 earnings per share for the current fiscal 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.