Deckers Outdoor Corporation $DECK Stock: Carnegie Investment Counsel Lowers Stake

Key Points

• Carnegie Investment Counsel reduced its Deckers Outdoor stake by 5.7% in the third quarter, selling 18,316 shares and retaining 305,392 shares valued at approximately $22.5 million. Institutional investors collectively own 97.79% of the company.
• Analyst sentiment is mixed: nine analysts rate DECK a Buy, 11 rate it Hold, and three rate it Sell. The consensus rating is Hold, with an average price target of $111.84 after several analysts lowered their targets.
• Deckers reported quarterly EPS of $0.94, beating estimates of $0.88, while revenue reached $1.02 billion, up 5.7% year over year. The stock opened at $87.44, near the lower end of its 52-week range of $77.20 to $122.29.

Carnegie Investment Counsel trimmed its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 305,392 shares of the textile maker's stock after selling 18,316 shares during the quarter. Carnegie Investment Counsel owned 0.22% of Deckers Outdoor worth $22,511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of DECK. Orion Capital Management LLC purchased a new stake in shares of Deckers Outdoor in the second quarter valued at $30,000. Continuum Advisory LLC purchased a new position in shares of Deckers Outdoor during the 2nd quarter worth about $38,000. Pension & Wealth Management Advisors Inc. purchased a new position in shares of Deckers Outdoor during the 3rd quarter worth about $31,000. Hilton Head Capital Partners LLC boosted its stake in shares of Deckers Outdoor by 29.8% during the 1st quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker's stock worth $44,000 after purchasing an additional 101 shares during the period. Finally, Westfuller Advisors LLC boosted its stake in shares of Deckers Outdoor by 28,000.0% during the 1st quarter. Westfuller Advisors LLC now owns 562 shares of the textile maker's stock worth $56,000 after purchasing an additional 560 shares during the period. Institutional investors own 97.79% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Weiss Ratings cut Deckers Outdoor from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, September 3rd. Needham & Company LLC decreased their price target on Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Truist Financial decreased their price target on Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Robert W. Baird dropped their price objective on Deckers Outdoor from $125.00 to $115.00 and set a "neutral" rating for the company in a report on Friday, July 24th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $105.00 price objective on shares of Deckers Outdoor in a research report on Thursday, October 15th. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Deckers Outdoor has an average rating of "Hold" and an average price target of $111.84.

Deckers Outdoor Stock Up 0.2%

Deckers Outdoor stock opened at $87.44 on Wednesday. Deckers Outdoor Corporation has a 52 week low of $77.20 and a 52 week high of $122.29. The stock has a 50-day moving average price of $83.94 and a 200 day moving average price of $97.18. The company has a market capitalization of $11.91 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the business posted $0.93 EPS. The business's quarterly revenue was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Research analysts anticipate that Deckers Outdoor Corporation will post 7.50 EPS for the current fiscal year.

Deckers Outdoor Profile

Deckers Outdoor Corporation, doing business as Deckers Brands NYSE: DECK, is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.

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