iA Global Asset Management Inc. Has $1.96 Million Stake in Deckers Outdoor Corporation $DECK

iA Global Asset Management Inc. lowered its position in Deckers Outdoor Corporation (NYSE:DECK) by 51.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,597 shares of the textile maker’s stock after selling 21,065 shares during the period. iA Global Asset Management Inc.’s holdings in Deckers Outdoor were worth $1,961,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. grew its position 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 acquiring an additional 215 shares during the last quarter. Elyxium Wealth LLC bought a new position in Deckers Outdoor in the 4th quarter valued at $30,000. Rakuten Securities Inc. boosted its stake in 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 purchasing an additional 100 shares in the last quarter. Activest Wealth Management boosted its stake in Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after purchasing an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought 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.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DECK. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Monday, April 20th. KGI Securities downgraded shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target on the stock. in a research report on Friday, May 22nd. Raymond James Financial lowered shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price objective on the stock. in a report on Thursday, April 23rd. Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Stifel Nicolaus set a $144.00 target price on shares of Deckers Outdoor in a research note on Friday, May 29th. Nine investment 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 MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $121.11.

Deckers Outdoor Stock Up 4.5%

DECK stock opened at $104.81 on Friday. The company has a market cap of $14.56 billion, a P/E ratio of 14.89, a PEG ratio of 1.98 and a beta of 1.17. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $126.50. The business has a fifty day moving average of $105.16 and a 200-day moving average of $105.88.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.15. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.00 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, equities research analysts anticipate that Deckers Outdoor Corporation will post 7.45 earnings per share for the current fiscal 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.