Segment Wealth Management LLC Makes New Investment in Deckers Outdoor Corporation $DECK

Segment Wealth Management LLC purchased a new position in Deckers Outdoor Corporation (NYSE:DECK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,886 shares of the textile maker’s stock, valued at approximately $1,002,000.

Other hedge funds have also modified their holdings of the company. Park Place Capital Corp boosted its holdings in Deckers Outdoor by 14.9% in the second quarter. Park Place Capital Corp now owns 771 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 100 shares during the period. Rakuten Securities Inc. raised its position in 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 purchasing an additional 100 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Deckers Outdoor by 4.3% in the 3rd quarter. Perigon Wealth Management LLC now owns 2,597 shares of the textile maker’s stock valued at $263,000 after buying an additional 106 shares during the period. Tower View Wealth Management LLC boosted its stake in shares of Deckers Outdoor by 1.1% in the 2nd quarter. Tower View Wealth Management LLC now owns 11,148 shares of the textile maker’s stock valued at $1,149,000 after buying an additional 117 shares during the period. Finally, 1832 Asset Management L.P. grew its position in shares of Deckers Outdoor by 0.6% during the second quarter. 1832 Asset Management L.P. now owns 19,709 shares of the textile maker’s stock worth $2,031,000 after buying an additional 120 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Angela Ogbechie sold 1,460 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $81.45, for a total transaction of $118,917.00. Following the completion of the sale, the insider owned 34,020 shares in the company, valued at $2,770,929. This represents a 4.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DECK has been the topic of several analyst reports. Barclays reduced their target price on shares of Deckers Outdoor from $141.00 to $113.00 and set an “overweight” rating on the stock in a report on Monday, October 27th. Robert W. Baird reduced their price objective on shares of Deckers Outdoor from $150.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. Sanford C. Bernstein began coverage on shares of Deckers Outdoor in a research note on Thursday, September 18th. They set an “underperform” rating and a $100.00 target price for the company. Guggenheim assumed coverage on Deckers Outdoor in a report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $117.58.

Deckers Outdoor Stock Performance

DECK opened at $105.03 on Wednesday. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $223.98. The stock has a market capitalization of $15.31 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 4.68 and a beta of 1.19. The business’s 50-day simple moving average is $91.68 and its 200-day simple moving average is $101.49.

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