Lombard Odier Asset Management Europe Ltd Has $2.18 Million Stock Holdings in Deckers Outdoor Corporation $DECK

Lombard Odier Asset Management Europe Ltd trimmed its position in Deckers Outdoor Corporation (NYSE:DECK) by 99.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,000 shares of the textile maker’s stock after selling 10,453,000 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Deckers Outdoor were worth $2,177,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DECK. Federated Hermes Inc. lifted its stake in Deckers Outdoor by 374.1% during the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock worth $326,531,000 after purchasing an additional 2,485,338 shares during the last quarter. Norges Bank bought a new position in shares of Deckers Outdoor in the 4th quarter valued at $252,729,000. Viking Global Investors LP acquired a new position in shares of Deckers Outdoor during the 3rd quarter worth $175,058,000. Marshall Wace LLP raised its holdings in shares of Deckers Outdoor by 5,324.4% during the 4th quarter. Marshall Wace LLP now owns 1,498,106 shares of the textile maker’s stock worth $155,309,000 after buying an additional 1,470,488 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Deckers Outdoor by 109.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,656,405 shares of the textile maker’s stock worth $171,720,000 after buying an additional 867,397 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a research report on Monday, April 20th. Stifel Nicolaus set a $144.00 price target on shares of Deckers Outdoor in a report on Friday, May 29th. UBS Group upped their price objective on shares of Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Argus set a $128.00 target price on shares of Deckers Outdoor in a research report on Friday, May 29th. Finally, Wells Fargo & Company downgraded shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $115.00 to $90.00 in a report on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Deckers Outdoor currently has an average rating of “Hold” and a consensus price target of $121.11.

Deckers Outdoor Price Performance

NYSE:DECK opened at $110.22 on Wednesday. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $126.50. The company has a market cap of $15.31 billion, a PE ratio of 15.66, a P/E/G ratio of 2.22 and a beta of 1.16. The firm’s 50 day simple moving average is $105.98 and its 200 day simple moving average is $105.20.

Deckers Outdoor (NYSE:DECK) last announced 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. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Equities research analysts expect that Deckers Outdoor Corporation will post 7.45 EPS for the current year.

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.