UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stake in Deckers Outdoor Corporation $DECK

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 21.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,116,595 shares of the textile maker’s stock after buying an additional 374,923 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Deckers Outdoor were worth $210,157,000 at the end of the most recent reporting period.

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

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $87.16 on Tuesday. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 1.63 and a beta of 1.17. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $125.45. The firm’s fifty day simple moving average is $98.75 and its 200-day simple moving average is $103.91.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. KGI Securities cut shares of 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. Sanford C. Bernstein reissued a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a research report on Friday, May 22nd. Telsey Advisory Group lowered their target price on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a report on Friday, July 24th. Barclays set a $133.00 price target on shares of Deckers Outdoor and gave the company an “overweight” rating in a research report on Friday, July 24th. Finally, Robert W. Baird lowered their price objective on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $117.16.

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.