Montag A & Associates Inc. Buys 13,188 Shares of Deckers Outdoor Corporation $DECK

Montag A & Associates Inc. grew its stake in Deckers Outdoor Corporation (NYSE:DECK) by 664.0% during the first quarter, HoldingsChannel reports. The fund owned 15,174 shares of the textile maker’s stock after acquiring an additional 13,188 shares during the quarter. Montag A & Associates Inc.’s holdings in Deckers Outdoor were worth $1,519,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its stake 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 worth $29,000 after purchasing an additional 215 shares during the last quarter. Elyxium Wealth LLC purchased a new position in Deckers Outdoor in the fourth quarter valued at about $30,000. Rakuten Securities Inc. raised its holdings in 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 in the last quarter. Activest Wealth Management raised its holdings in 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 in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter valued at about $35,000. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $102.44 on Thursday. The stock has a market cap of $14.23 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 2.10 and a beta of 1.17. The firm has a fifty day moving average price of $104.92 and a 200 day moving average price of $105.94. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $126.50.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 EPS for the quarter, beating the consensus estimate 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 revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, equities analysts expect that Deckers Outdoor Corporation will post 7.45 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DECK shares. Wells Fargo & Company downgraded shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $115.00 to $90.00 in a research report on Friday, May 8th. KGI Securities downgraded shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price for the company. in a research note on Friday, May 22nd. Sanford C. Bernstein restated a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a research note 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, Needham & Company LLC reiterated a “buy” rating and set 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 assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $121.11.

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.