Lombard Odier Asset Management Europe Ltd Sells 10,453,000 Shares of Deckers Outdoor Corporation $DECK

Lombard Odier Asset Management Europe Ltd reduced its stake in Deckers Outdoor Corporation (NYSE:DECK) by 99.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,000 shares of the textile maker’s stock after selling 10,453,000 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Deckers Outdoor were worth $2,177,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its holdings in Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Elyxium Wealth LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at $30,000. Rakuten Securities Inc. raised its stake in Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Activest Wealth Management raised its stake in Deckers Outdoor by 298.8% during the fourth 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 position in Deckers Outdoor in the fourth quarter valued at $35,000. 97.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Deckers Outdoor Stock Down 2.0%

NYSE DECK opened at $110.22 on Wednesday. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $126.50. The business has a 50 day moving average price of $105.98 and a 200-day moving average price of $105.20. The company has a market cap of $15.31 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 2.22 and a beta of 1.16.

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, beating the consensus estimate of $0.81 by $0.15. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. Deckers Outdoor’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, equities research analysts anticipate 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.