ST Germain D J Co. Inc. Cuts Holdings in Deckers Outdoor Corporation $DECK

ST Germain D J Co. Inc. decreased its position in Deckers Outdoor Corporation (NYSE:DECK) by 11.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 59,531 shares of the textile maker’s stock after selling 7,770 shares during the period. ST Germain D J Co. Inc.’s holdings in Deckers Outdoor were worth $6,035,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Deckers Outdoor in the second quarter valued at approximately $223,036,000. Tredje AP fonden grew its stake in Deckers Outdoor by 507.2% in the 2nd quarter. Tredje AP fonden now owns 1,290,498 shares of the textile maker’s stock valued at $133,012,000 after purchasing an additional 1,077,965 shares during the period. Swedbank AB grew its stake in Deckers Outdoor by 1,038.9% in the 1st quarter. Swedbank AB now owns 758,683 shares of the textile maker’s stock valued at $84,828,000 after purchasing an additional 692,065 shares during the period. Atreides Management LP increased its position in shares of Deckers Outdoor by 123.6% during the 1st quarter. Atreides Management LP now owns 1,078,693 shares of the textile maker’s stock valued at $120,609,000 after purchasing an additional 596,359 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Deckers Outdoor by 46.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock worth $175,800,000 after purchasing an additional 541,657 shares during the period. Institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of Deckers Outdoor stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $81.45, for a total transaction of $118,917.00. Following the completion of the transaction, the insider owned 34,020 shares of the company’s stock, valued at $2,770,929. The trade was a 4.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DECK has been the subject of several research reports. Barclays reduced their price target on shares of Deckers Outdoor from $141.00 to $113.00 and set an “overweight” rating for the company in a research report on Monday, October 27th. Sanford C. Bernstein started coverage on shares of Deckers Outdoor in a research report on Thursday, September 18th. They set an “underperform” rating and a $100.00 target price for the company. Guggenheim assumed coverage on shares of Deckers Outdoor in a report on Tuesday, December 9th. They issued a “neutral” rating on the stock. The Goldman Sachs Group dropped their price objective on Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating on the stock in a research note on Friday, October 24th. Finally, Stifel Nicolaus raised Deckers Outdoor from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a report on Tuesday, November 18th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $117.58.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $104.22 on Wednesday. The company’s fifty day simple moving average is $91.15 and its two-hundred day simple moving average is $101.87. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $223.98. The stock has a market capitalization of $15.19 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 4.69 and a beta of 1.19.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 23rd. The textile maker reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.24. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the company earned $1.59 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. Equities research analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

About Deckers Outdoor

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.