Lombard Odier Asset Management Europe Ltd Purchases Shares of 14,587 Deckers Outdoor Corporation $DECK

Key Points

• Lombard Odier Asset Management Europe initiated a Deckers Outdoor position by purchasing 14,587 shares valued at approximately $1.45 million. Institutional investors collectively own 97.79% of the company.
• Analyst sentiment is mixed, with nine Buy, thirteen Hold and two Sell ratings; the consensus rating is Hold with an average price target of $117.16.
• Deckers reported quarterly earnings of $0.94 per share, beating estimates by $0.06, while revenue rose 5.7% year over year to $1.02 billion. The stock opened at $87.90, well below its 52-week high of $125.45.

Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 14,587 shares of the textile maker's stock, valued at approximately $1,448,000.

Other hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock valued at $29,000 after purchasing an additional 215 shares in the last quarter. Elyxium Wealth LLC acquired a new position in Deckers Outdoor during the fourth quarter worth $30,000. Orion Capital Management LLC acquired a new stake in shares of Deckers Outdoor in the 2nd quarter worth about $30,000. Rakuten Securities Inc. lifted 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 valued at $33,000 after purchasing an additional 100 shares in the last quarter. Finally, Activest Wealth Management boosted its holdings in Deckers Outdoor by 298.8% during the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker's stock worth $34,000 after acquiring an additional 245 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. KeyCorp reaffirmed a "sector weight" rating on shares of Deckers Outdoor in a report on Friday, July 24th. Truist Financial cut their price target on shares of Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Telsey Advisory Group reduced their price target on shares of Deckers Outdoor from $113.00 to $105.00 and set a "market perform" rating for the company in a research report on Friday, July 24th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $105.00 price target on shares of Deckers Outdoor in a report on Friday, May 22nd. Finally, Wells Fargo & Company reaffirmed an "underweight" rating and set a $85.00 price objective on shares of Deckers Outdoor in a report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of "Hold" and an average target price of $117.16.

Deckers Outdoor Stock Up 1.8%

Deckers Outdoor stock opened at $87.90 on Friday. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $125.45. The stock has a market cap of $11.97 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.61 and a beta of 1.17. The business has a 50-day simple moving average of $99.12 and a 200 day simple moving average of $104.18.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping 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 company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the prior year, the business earned $0.93 earnings per share. Deckers Outdoor's revenue for the quarter 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. On average, research analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Deckers Outdoor 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.

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