HighTower Advisors LLC Trims Holdings in Deckers Outdoor Corporation $DECK

HighTower Advisors LLC cut its stake in Deckers Outdoor Corporation (NYSE:DECK) by 91.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,305 shares of the textile maker’s stock after selling 306,559 shares during the quarter. HighTower Advisors LLC’s holdings in Deckers Outdoor were worth $3,038,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. TD Private Client Wealth LLC grew its position in shares of Deckers Outdoor by 40.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,122 shares of the textile maker’s stock valued at $116,000 after purchasing an additional 325 shares in the last quarter. Mission Wealth Management LP grew its position in shares of Deckers Outdoor by 1.9% in the fourth quarter. Mission Wealth Management LP now owns 15,698 shares of the textile maker’s stock valued at $1,627,000 after purchasing an additional 289 shares in the last quarter. North Dakota State Investment Board purchased a new position in shares of Deckers Outdoor in the fourth quarter valued at $527,000. Elyxium Wealth LLC purchased a new position in shares of Deckers Outdoor in the fourth quarter valued at $30,000. Finally, iA Global Asset Management Inc. grew its position in shares of Deckers Outdoor by 35.3% in the fourth quarter. iA Global Asset Management Inc. now owns 40,662 shares of the textile maker’s stock valued at $4,215,000 after purchasing an additional 10,608 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Down 0.4%

Deckers Outdoor stock opened at $113.84 on Friday. 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 simple moving average of $103.16 and a 200 day simple moving average of $102.73. The stock has a market cap of $15.81 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 2.26 and a beta of 1.14.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, May 21st. The textile maker reported $0.96 EPS for the quarter, topping the consensus estimate of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the business earned $1.00 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, research analysts anticipate that Deckers Outdoor Corporation will post 7.41 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $105.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research report on Monday, April 20th. 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 research report on Thursday, April 23rd. Zacks Research cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Piper Sandler upgraded Deckers Outdoor from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $95.00 to $100.00 in a research report on Monday, May 18th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $121.11.

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.