Deckers Outdoor Corporation $DECK Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its position in Deckers Outdoor Corporation (NYSE:DECK) by 52.5% in the fourth quarter, HoldingsChannel reports. The fund owned 123,862 shares of the textile maker’s stock after selling 136,909 shares during the quarter. Intech Investment Management LLC’s holdings in Deckers Outdoor were worth $12,841,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in shares of Deckers Outdoor by 24.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 407,698 shares of the textile maker’s stock worth $43,538,000 after purchasing an additional 81,345 shares during the last quarter. American Century Companies Inc. raised its holdings in Deckers Outdoor by 21.6% in the 3rd quarter. American Century Companies Inc. now owns 1,157,559 shares of the textile maker’s stock valued at $117,342,000 after acquiring an additional 205,748 shares during the last quarter. Lombard Odier Asset Management USA Corp acquired a new stake in Deckers Outdoor in the 3rd quarter valued at about $1,142,000. US Bancorp DE raised its holdings in Deckers Outdoor by 262.3% in the 3rd quarter. US Bancorp DE now owns 61,436 shares of the textile maker’s stock valued at $6,228,000 after acquiring an additional 44,477 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Deckers Outdoor by 309.0% in the 4th quarter. SG Americas Securities LLC now owns 240,466 shares of the textile maker’s stock valued at $24,929,000 after acquiring an additional 181,675 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on DECK shares. Wells Fargo & Company cut shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $115.00 to $90.00 in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research report on Monday, April 20th. Telsey Advisory Group set a $113.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 22nd. Needham & Company LLC reiterated a “buy” rating and set a $138.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $92.00 price objective (up from $81.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Nine equities 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor Stock Performance

NYSE DECK opened at $113.84 on Friday. The firm has a market cap of $15.81 billion, a PE ratio of 16.17, a P/E/G ratio of 2.27 and a beta of 1.14. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $126.50. The firm’s fifty day moving average is $103.16 and its two-hundred day moving average is $102.73.

Deckers Outdoor (NYSE:DECK) last issued 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. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business posted $1.00 earnings per share. The business’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. Research analysts predict that Deckers Outdoor Corporation will post 7.41 earnings per share for the current year.

About Deckers Outdoor

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.