SG Americas Securities LLC Purchases 240,303 Shares of Deckers Outdoor Corporation $DECK

SG Americas Securities LLC lifted its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 99.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 480,769 shares of the textile maker’s stock after acquiring an additional 240,303 shares during the quarter. SG Americas Securities LLC owned approximately 0.34% of Deckers Outdoor worth $48,120,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DECK. Federated Hermes Inc. boosted its stake in Deckers Outdoor by 374.1% in the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock worth $326,531,000 after purchasing an additional 2,485,338 shares in the last quarter. Norges Bank acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at $252,729,000. AQR Capital Management LLC raised its holdings in shares of Deckers Outdoor by 340.5% in the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after buying an additional 2,035,517 shares during the last quarter. Viking Global Investors LP bought a new position in shares of Deckers Outdoor in the third quarter valued at about $175,058,000. Finally, Marshall Wace LLP lifted its position in Deckers Outdoor by 5,324.4% during the 4th quarter. Marshall Wace LLP now owns 1,498,106 shares of the textile maker’s stock worth $155,309,000 after buying an additional 1,470,488 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wells Fargo & Company cut shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $115.00 to $90.00 in a research report on Friday, May 8th. Sanford C. Bernstein reiterated a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a research 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 shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target on the stock. in a research note on Thursday, April 23rd. Finally, UBS Group raised their price target on shares of Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor Stock Down 3.0%

NYSE:DECK opened at $105.81 on Tuesday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $126.50. The stock’s fifty day simple moving average is $106.21 and its 200-day simple moving average is $105.70. The firm has a market capitalization of $14.70 billion, a P/E ratio of 15.03, a P/E/G ratio of 2.16 and a beta of 1.16.

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 return on equity of 41.19% and a net margin of 18.90%.The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The firm’s 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. As a group, equities research analysts expect that Deckers Outdoor Corporation will post 7.45 earnings per share 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.