Janney Montgomery Scott LLC Raises Stock Position in Deckers Outdoor Corporation $DECK

Janney Montgomery Scott LLC boosted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 16.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 138,468 shares of the textile maker’s stock after acquiring an additional 19,888 shares during the period. Janney Montgomery Scott LLC owned about 0.10% of Deckers Outdoor worth $13,859,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased 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 worth $29,000 after purchasing an additional 215 shares in the last quarter. Elyxium Wealth LLC purchased a new position in Deckers Outdoor in the 4th quarter valued at about $30,000. Rakuten Securities Inc. lifted its stake in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after buying an additional 100 shares in the last quarter. Activest Wealth Management boosted its holdings in Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after buying an additional 245 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in Deckers Outdoor in the 4th quarter worth about $35,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $100.34 on Thursday. The company has a market capitalization of $13.94 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.17. The firm’s 50-day moving average is $105.26 and its two-hundred day moving average is $105.86. 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 for the quarter, beating the consensus estimate 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 revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Sell-side analysts forecast that Deckers Outdoor Corporation will post 7.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Raymond James Financial cut Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price for the company. in a report on Thursday, April 23rd. KGI Securities lowered Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target on the stock. in a research note on Friday, May 22nd. Argus set a $128.00 price objective on Deckers Outdoor in a research note on Friday, May 29th. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. Finally, Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor presently has an average rating of “Hold” and an average target price of $121.11.

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.