SG Americas Securities LLC Has $48.12 Million Stock Holdings in Deckers Outdoor Corporation $DECK

SG Americas Securities LLC lifted its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 99.9% during the first quarter, HoldingsChannel reports. The firm owned 480,769 shares of the textile maker’s stock after buying an additional 240,303 shares during the quarter. SG Americas Securities LLC’s holdings in Deckers Outdoor were worth $48,120,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DECK. Geneos Wealth Management Inc. increased its position in shares of Deckers Outdoor by 330.8% in the 2nd 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 in the last quarter. Elyxium Wealth LLC bought a new position in Deckers Outdoor during the fourth quarter worth about $30,000. Rakuten Securities Inc. lifted its holdings in 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 acquiring an additional 100 shares in the last quarter. Activest Wealth Management grew its stake in Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in Deckers Outdoor in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Trading Down 3.0%

Shares of DECK opened at $105.81 on Tuesday. The stock has a market capitalization of $14.70 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 2.16 and a beta of 1.16. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $126.50. The firm has a fifty day simple moving average of $106.21 and a 200 day simple moving average of $105.70.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Barclays restated an “overweight” rating and issued a $141.00 price target (down from $143.00) on shares of Deckers Outdoor in a report on Tuesday, May 26th. UBS Group lifted their price objective on Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $105.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 22nd. Zacks Research cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $121.11.

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.