Deckers Outdoor Corporation $DECK Stock Holdings Trimmed by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA reduced its holdings of Deckers Outdoor Corporation by 10.8% in the second quarter, now owning 24,486 shares worth approximately $2.5 million.
• Deckers Outdoor reported an earnings per share (EPS) of $0.93 for the last quarter, exceeding analysts' expectations of $0.68, alongside a revenue increase of 16.9%.
• Analysts have varied ratings on Deckers stock, with a consensus rating of "Hold" and a target price of approximately $136.32, reflecting mixed outlooks from institutional investors.

Banque Pictet & Cie SA lowered its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 10.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,486 shares of the textile maker's stock after selling 2,966 shares during the period. Banque Pictet & Cie SA's holdings in Deckers Outdoor were worth $2,524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DECK. Mountain Hill Investment Partners Corp. bought a new stake in shares of Deckers Outdoor during the first quarter valued at about $34,000. Olde Wealth Management LLC bought a new stake in shares of Deckers Outdoor during the 1st quarter worth about $47,000. Banque Transatlantique SA bought a new stake in shares of Deckers Outdoor during the 1st quarter worth about $51,000. Costello Asset Management INC bought a new stake in shares of Deckers Outdoor during the 1st quarter worth about $78,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Deckers Outdoor by 23.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 822 shares of the textile maker's stock worth $85,000 after buying an additional 158 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Down 0.1%

Shares of NYSE DECK opened at $105.75 on Friday. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98. The company has a market cap of $15.69 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 3.99 and a beta of 1.05. The business has a fifty day simple moving average of $111.18 and a 200-day simple moving average of $110.61.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.68 by $0.25. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The business had revenue of $964.54 million during the quarter, compared to the consensus estimate of $901.45 million. During the same period in the prior year, the business posted $4.52 earnings per share. Deckers Outdoor's revenue was up 16.9% compared to the same quarter last year. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, sell-side analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on DECK. Needham & Company LLC reissued a "buy" rating and set a $128.00 target price (up previously from $120.00) on shares of Deckers Outdoor in a report on Wednesday, July 23rd. Telsey Advisory Group reissued a "market perform" rating and issued a $120.00 price objective on shares of Deckers Outdoor in a research note on Friday, July 25th. Evercore ISI boosted their price objective on Deckers Outdoor from $110.00 to $115.00 and gave the stock an "in-line" rating in a research note on Friday, July 25th. Truist Financial boosted their price target on shares of Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Sanford C. Bernstein began coverage on shares of Deckers Outdoor in a research report on Thursday, September 18th. They issued an "underperform" rating and a $100.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of "Hold" and a consensus target price of $136.32.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the sale, the director owned 10,979 shares in the company, valued at approximately $1,295,741.58. This represents a 2.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company's stock.

Deckers Outdoor Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.

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