SG Trading Solutions LLC Invests $547,000 in Deckers Outdoor Corporation $DECK

SG Trading Solutions LLC purchased a new position in Deckers Outdoor Corporation (NYSE:DECK) in the fourth quarter, Holdings Channel reports. The fund purchased 5,275 shares of the textile maker’s stock, valued at approximately $547,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its stake in Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after buying an additional 215 shares in the last quarter. Elyxium Wealth LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter worth approximately $30,000. Rakuten Securities Inc. grew its position in shares of Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares in the last quarter. Activest Wealth Management increased its holdings in shares of Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 245 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at approximately $35,000. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Trading Down 0.1%

NYSE:DECK opened at $109.04 on Friday. The stock has a 50 day moving average of $106.29 and a 200-day moving average of $105.51. The firm has a market capitalization of $15.14 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 2.16 and a beta of 1.16. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $126.50.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (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 for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $1.00 EPS. The business’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. As a group, analysts predict that Deckers Outdoor Corporation will post 7.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. KGI Securities lowered Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target on the stock. in a research report on Friday, May 22nd. Truist Financial set a $125.00 price objective on shares of Deckers Outdoor and gave the stock a “buy” rating in a report on Friday, May 22nd. Wells Fargo & Company lowered shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $115.00 to $90.00 in a research note on Friday, May 8th. UBS Group increased their target price on shares of Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $105.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Deckers Outdoor presently has a consensus rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor 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.