Pictet Asset Management Holding SA Buys 59,667 Shares of Deckers Outdoor Corporation $DECK

Pictet Asset Management Holding SA increased its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 26.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 286,754 shares of the textile maker’s stock after acquiring an additional 59,667 shares during the period. Pictet Asset Management Holding SA owned about 0.20% of Deckers Outdoor worth $28,698,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. raised its stake in shares of Deckers Outdoor by 374.1% in the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after purchasing an additional 2,485,338 shares during the period. Invesco Ltd. boosted its position in shares of Deckers Outdoor by 0.5% during the fourth quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker’s stock worth $285,380,000 after buying an additional 12,350 shares during the period. AQR Capital Management LLC boosted its position in shares of Deckers Outdoor by 340.5% during the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock worth $273,000,000 after buying an additional 2,035,517 shares during the period. Norges Bank bought a new position in shares of Deckers Outdoor during the fourth quarter worth about $252,729,000. Finally, Northern Trust Corp grew its holdings in shares of Deckers Outdoor by 3.1% during the fourth quarter. Northern Trust Corp now owns 1,774,448 shares of the textile maker’s stock worth $183,957,000 after buying an additional 52,906 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DECK shares. KGI Securities downgraded Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target for the company. in a research report on Friday, May 22nd. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Sanford C. Bernstein restated a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research report on Monday, April 20th. Finally, Raymond James Financial downgraded shares of 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. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $100.34 on Thursday. The stock has a 50 day moving average price of $105.26 and a 200 day moving average price of $105.86. The stock has a market capitalization of $13.94 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.17. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $126.50.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.15. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, research analysts forecast that Deckers Outdoor Corporation will post 7.45 EPS 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.