London Co. of Virginia Sells 144,946 Shares of Deckers Outdoor Corporation $DECK

London Co. of Virginia trimmed its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 27.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 387,314 shares of the textile maker’s stock after selling 144,946 shares during the quarter. London Co. of Virginia owned about 0.27% of Deckers Outdoor worth $40,154,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DECK. Federated Hermes Inc. raised its holdings in shares of Deckers Outdoor by 374.1% in the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after buying an additional 2,485,338 shares during the last quarter. Norges Bank bought a new position in shares of Deckers Outdoor in the fourth quarter valued at about $252,729,000. Viking Global Investors LP bought a new position in shares of Deckers Outdoor in the third quarter valued at about $175,058,000. Marshall Wace LLP raised its holdings in shares of Deckers Outdoor by 5,324.4% in the fourth quarter. Marshall Wace LLP now owns 1,498,106 shares of the textile maker’s stock valued at $155,309,000 after buying an additional 1,470,488 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Deckers Outdoor by 109.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,656,405 shares of the textile maker’s stock valued at $171,720,000 after buying an additional 867,397 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Down 2.0%

Shares of DECK stock opened at $110.22 on Wednesday. The stock has a 50-day moving average price of $105.98 and a 200 day moving average price of $105.20. The firm has a market cap of $15.31 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 2.22 and a beta of 1.16. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $126.50.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.15. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The company’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the company earned $1.00 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Sell-side analysts predict that Deckers Outdoor Corporation will post 7.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Truist Financial set a $125.00 price target on Deckers Outdoor and gave the company a “buy” rating in a report on Friday, May 22nd. Telsey Advisory Group set a $113.00 price target on Deckers Outdoor in a report on Friday, May 22nd. KeyCorp reaffirmed a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, May 22nd. Barclays reaffirmed an “overweight” rating and issued a $141.00 price target (down from $143.00) on shares of Deckers Outdoor in a report on Tuesday, May 26th. Finally, Argus set a $128.00 price target on Deckers Outdoor in a report on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $121.11.

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.