Intech Investment Management LLC Cuts Stock Position in Deckers Outdoor Corporation $DECK

Intech Investment Management LLC trimmed its position in Deckers Outdoor Corporation (NYSE:DECK) by 52.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,862 shares of the textile maker’s stock after selling 136,909 shares during the quarter. Intech Investment Management LLC owned about 0.09% of Deckers Outdoor worth $12,841,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Rakuten Securities Inc. increased its holdings in shares of 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 during the last quarter. Perennial Investment Advisors LLC grew its position in Deckers Outdoor by 5.4% in the third quarter. Perennial Investment Advisors LLC now owns 2,709 shares of the textile maker’s stock worth $275,000 after acquiring an additional 138 shares in the last quarter. BOKF NA grew its position in Deckers Outdoor by 0.9% in the third quarter. BOKF NA now owns 17,412 shares of the textile maker’s stock worth $1,765,000 after acquiring an additional 150 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of Deckers Outdoor by 7.3% during the fourth quarter. Ritholtz Wealth Management now owns 2,232 shares of the textile maker’s stock valued at $231,000 after buying an additional 152 shares during the period. Finally, Salomon & Ludwin LLC boosted its position in shares of Deckers Outdoor by 51.8% during the fourth quarter. Salomon & Ludwin LLC now owns 463 shares of the textile maker’s stock valued at $50,000 after buying an additional 158 shares during the period. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Trading Down 0.4%

Shares of DECK stock opened at $113.84 on Friday. The company has a market cap of $15.81 billion, a PE ratio of 16.17, a PEG ratio of 2.27 and a beta of 1.14. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $126.50. The business’s fifty day simple moving average is $103.16 and its 200-day simple moving average is $102.73.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. The firm 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 business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, equities analysts forecast that Deckers Outdoor Corporation will post 7.41 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on DECK. Stifel Nicolaus set a $144.00 target price on Deckers Outdoor in a research report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research note on Monday, April 20th. UBS Group boosted their price objective on shares of Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Sanford C. Bernstein reissued a “market perform” rating and issued a $105.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 22nd. Finally, Raymond James Financial downgraded shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price objective for the company. in a research note on Thursday, April 23rd. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.