Candriam S.C.A. Reduces Holdings in Deckers Outdoor Corporation $DECK

Candriam S.C.A. decreased its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 37.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,287 shares of the textile maker’s stock after selling 70,016 shares during the period. Candriam S.C.A.’s holdings in Deckers Outdoor were worth $11,839,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in 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 valued at $43,538,000 after purchasing an additional 81,345 shares during the last quarter. Lombard Odier Asset Management USA Corp purchased a new stake in Deckers Outdoor in the 3rd quarter worth about $1,142,000. ProShare Advisors LLC lifted its stake in Deckers Outdoor by 52.5% in the fourth quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker’s stock worth $4,356,000 after purchasing an additional 14,470 shares during the last quarter. SG Americas Securities LLC lifted its stake in Deckers Outdoor by 309.0% in the fourth quarter. SG Americas Securities LLC now owns 240,466 shares of the textile maker’s stock worth $24,929,000 after purchasing an additional 181,675 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of Deckers Outdoor by 19.8% during the fourth quarter. Park Avenue Securities LLC now owns 30,211 shares of the textile maker’s stock valued at $3,132,000 after buying an additional 4,993 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Piper Sandler reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. Telsey Advisory Group set a $113.00 price target on Deckers Outdoor in a research note on Friday, May 22nd. Truist Financial set a $125.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a report on Friday, May 22nd. UBS Group boosted their price objective on Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research report on Monday, April 20th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $106.06 on Monday. The company has a market capitalization of $14.73 billion, a P/E ratio of 15.07, a P/E/G ratio of 2.10 and a beta of 1.17. The company’s 50-day simple moving average is $104.97 and its two-hundred day simple moving average is $106.00. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $126.50.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, May 21st. The textile maker reported $0.96 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 last year, the company posted $1.00 earnings per share. The company’s quarterly 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. On average, research analysts expect that Deckers Outdoor Corporation will post 7.45 EPS for the current fiscal 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.