Crestwood Advisors Group LLC Reduces Stock Position in Deckers Outdoor Corporation $DECK

Crestwood Advisors Group LLC decreased its position in Deckers Outdoor Corporation (NYSE:DECK) by 18.6% during the second quarter, Holdings Channel.com reports. The fund owned 2,890 shares of the textile maker’s stock after selling 659 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Deckers Outdoor were worth $298,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CVA Family Office LLC boosted its holdings in shares of Deckers Outdoor by 137.4% during the second quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock worth $32,000 after purchasing an additional 180 shares during the period. Mountain Hill Investment Partners Corp. bought a new position in Deckers Outdoor during the 1st quarter valued at approximately $34,000. Cromwell Holdings LLC raised its position in Deckers Outdoor by 4,766.7% during the 2nd quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 429 shares during the last quarter. Banque Transatlantique SA purchased a new stake in Deckers Outdoor in the 1st quarter worth approximately $51,000. Finally, Costello Asset Management INC bought a new stake in shares of Deckers Outdoor in the 1st quarter worth approximately $78,000. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Trading Up 2.3%

Shares of Deckers Outdoor stock opened at $81.65 on Friday. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $223.98. The firm has a market capitalization of $11.90 billion, a P/E ratio of 12.10, a P/E/G ratio of 3.79 and a beta of 1.10. The business has a fifty day simple moving average of $103.03 and a two-hundred day simple moving average of $106.85.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.24. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the firm earned $1.59 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. Analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In other news, insider Angela Ogbechie sold 1,460 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $81.45, for a total value of $118,917.00. Following the sale, the insider directly owned 34,020 shares of the company’s stock, valued at $2,770,929. The trade was a 4.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the sale, the director owned 10,979 shares in the company, valued at $1,295,741.58. The trade was a 2.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Evercore ISI reduced their target price on Deckers Outdoor from $115.00 to $110.00 and set an “in-line” rating on the stock in a research note on Friday, October 17th. TD Cowen cut their price target on shares of Deckers Outdoor from $125.00 to $124.00 and set a “buy” rating on the stock in a report on Friday, October 24th. UBS Group restated a “buy” rating on shares of Deckers Outdoor in a report on Friday, October 24th. The Goldman Sachs Group dropped their target price on shares of Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating for the company in a research report on Friday, October 24th. Finally, KeyCorp raised shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.11.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.