Deckers Outdoor Corporation $DECK Shares Sold by Kestra Investment Management LLC

Kestra Investment Management LLC cut its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 51.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,467 shares of the textile maker’s stock after selling 5,802 shares during the quarter. Kestra Investment Management LLC’s holdings in Deckers Outdoor were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of DECK. AlphaCore Capital LLC bought a new stake in Deckers Outdoor in the third quarter valued at approximately $488,000. Running Oak Capital LLC raised its position in Deckers Outdoor by 3.4% during the 3rd quarter. Running Oak Capital LLC now owns 109,690 shares of the textile maker’s stock valued at $8,571,000 after purchasing an additional 3,621 shares during the last quarter. Fulcrum Asset Management LLP raised its position in Deckers Outdoor by 9.6% during the 3rd quarter. Fulcrum Asset Management LLP now owns 32,063 shares of the textile maker’s stock valued at $2,491,000 after purchasing an additional 2,817 shares during the last quarter. Brighton Jones LLC raised its position in Deckers Outdoor by 58.7% during the 3rd quarter. Brighton Jones LLC now owns 14,941 shares of the textile maker’s stock valued at $1,167,000 after purchasing an additional 5,525 shares during the last quarter. Finally, Candriam S.C.A. raised its position in Deckers Outdoor by 50.7% during the 3rd quarter. Candriam S.C.A. now owns 300,744 shares of the textile maker’s stock valued at $23,586,000 after purchasing an additional 101,144 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DECK. Piper Sandler cut Deckers Outdoor from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $100.00 to $75.00 in a report on Friday, October 23rd. UBS Group set a $137.00 target price on Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, October 23rd. Jefferies Financial Group decreased their target price on Deckers Outdoor from $130.00 to $120.00 and set a “hold” rating for the company in a report on Friday, October 23rd. Cantor Fitzgerald began coverage on Deckers Outdoor in a research note on Tuesday. They issued a “neutral” rating and a $89.00 price target for the company. Finally, BMO Capital Markets reiterated an “underperform” rating on shares of Deckers Outdoor in a report on Monday, October 26th. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $103.86.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $88.42 on Thursday. Deckers Outdoor Corporation has a 1 year low of $77.20 and a 1 year high of $122.29. The company’s 50-day moving average is $82.53 and its 200 day moving average is $98.74. The stock has a market capitalization of $11.80 billion, a P/E ratio of 11.73, a P/E/G ratio of 1.44 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 22nd. The textile maker reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.52. Deckers Outdoor had a net margin of 19.18% and a return on equity of 42.42%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the firm earned $1.82 earnings per share. Deckers Outdoor’s revenue was up 3.4% on a year-over-year basis. Research analysts anticipate that Deckers Outdoor Corporation will post 7.89 earnings per share for the current year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation designs, markets and distributes footwear, apparel and accessories through a portfolio of consumer brands. Its best-known brands include UGG, HOKA and Teva, which serve customers seeking products for lifestyle, performance and outdoor use. Founded in 1973 in California, Deckers began as a maker of sandals. The company now sells its products worldwide through wholesale partners as well as its own retail stores and e-commerce channels, serving markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.