Deckers Outdoor Corporation $DECK Shares Sold by Amundi

Amundi trimmed its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 14.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,381,950 shares of the textile maker's stock after selling 229,224 shares during the quarter. Amundi owned 1.01% of Deckers Outdoor worth $137,214,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings in Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock worth $29,000 after buying an additional 215 shares in the last quarter. Elyxium Wealth LLC purchased a new position in Deckers Outdoor in the 4th quarter valued at approximately $30,000. Orion Capital Management LLC acquired a new position in shares of Deckers Outdoor in the second quarter worth $30,000. Rakuten Securities Inc. grew its stake 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 acquiring an additional 100 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth $35,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Trading Down 3.8%

Shares of Deckers Outdoor stock opened at $82.52 on Wednesday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $122.29. The stock has a market cap of $11.24 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 1.33 and a beta of 1.15. The company has a fifty day simple moving average of $96.55 and a 200-day simple moving average of $102.55.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. Deckers Outdoor's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, analysts forecast that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DECK. Telsey Advisory Group reduced their price objective on Deckers Outdoor from $113.00 to $105.00 and set a "market perform" rating on the stock in a research note on Friday, July 24th. Barclays set a $133.00 price target on shares of Deckers Outdoor and gave the stock an "overweight" rating in a research note on Friday, July 24th. Wells Fargo & Company reiterated an "underweight" rating and set a $85.00 price target on shares of Deckers Outdoor in a report on Friday, July 24th. UBS Group reissued a "buy" rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Finally, Needham & Company LLC reduced their price objective on shares of Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $114.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.