BLI Banque de Luxembourg Investments Sells 22,500 Shares of Deckers Outdoor Corporation $DECK

BLI Banque de Luxembourg Investments decreased its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 92.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,800 shares of the textile maker’s stock after selling 22,500 shares during the period. BLI Banque de Luxembourg Investments’ holdings in Deckers Outdoor were worth $189,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its position in shares of Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares during the period. Elyxium Wealth LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth $30,000. Rakuten Securities Inc. increased its position in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares during the period. Activest Wealth Management increased its position in shares of Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after purchasing an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth $35,000. Institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DECK. UBS Group raised their price target on Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. KeyCorp restated a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, May 22nd. KGI Securities cut 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. Wells Fargo & Company cut Deckers Outdoor from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $115.00 to $90.00 in a research report on Friday, May 8th. Finally, Truist Financial set a $125.00 target price on Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $121.11.

Deckers Outdoor Stock Up 2.7%

Deckers Outdoor stock opened at $112.66 on Wednesday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $126.50. The business’s 50-day moving average price is $104.59 and its two-hundred day moving average price is $104.22. The stock has a market cap of $15.65 billion, a PE ratio of 16.00, a P/E/G ratio of 2.17 and a beta of 1.16.

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, beating analysts’ consensus estimates of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. The business’s revenue for the quarter 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 expect that Deckers Outdoor Corporation will post 7.44 earnings per share for the current year.

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.