Janney Montgomery Scott LLC Grows Position in Deckers Outdoor Corporation $DECK

Janney Montgomery Scott LLC increased its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 16.8% in the first quarter, Holdings Channel reports. The firm owned 138,468 shares of the textile maker’s stock after buying an additional 19,888 shares during the period. Janney Montgomery Scott LLC’s holdings in Deckers Outdoor were worth $13,859,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its position in Deckers Outdoor by 330.8% in 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 during the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter valued at about $30,000. Rakuten Securities Inc. raised its stake 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 valued at $33,000 after acquiring an additional 100 shares during the period. Activest Wealth Management lifted 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 worth $34,000 after acquiring an additional 245 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter worth approximately $35,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus set a $144.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 29th. Raymond James Financial cut Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target on the stock. in a research note on Thursday, April 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research report on Monday, April 20th. Argus set a $128.00 price objective on Deckers Outdoor in a research note on Friday, May 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $138.00 price objective on shares of Deckers Outdoor in a report on Friday, May 22nd. Nine equities research 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $121.11.

Deckers Outdoor Stock Performance

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

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

About Deckers Outdoor

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.