323,249 Shares in Deckers Outdoor Corporation $DECK Acquired by Carnegie Investment Counsel

Carnegie Investment Counsel bought a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 323,249 shares of the textile maker’s stock, valued at approximately $30,477,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DECK. Allspring Global Investments Holdings LLC grew its holdings in Deckers Outdoor by 24.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 407,698 shares of the textile maker’s stock worth $43,538,000 after acquiring an additional 81,345 shares during the period. Lombard Odier Asset Management USA Corp acquired a new position in shares of Deckers Outdoor in the 3rd quarter valued at about $1,142,000. ProShare Advisors LLC boosted its position in shares of Deckers Outdoor by 52.5% during the 4th quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker’s stock valued at $4,356,000 after purchasing an additional 14,470 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Deckers Outdoor by 309.0% during the 4th quarter. SG Americas Securities LLC now owns 240,466 shares of the textile maker’s stock valued at $24,929,000 after purchasing an additional 181,675 shares in the last quarter. Finally, Park Avenue Securities LLC grew its stake in Deckers Outdoor by 19.8% during the fourth quarter. Park Avenue Securities LLC now owns 30,211 shares of the textile maker’s stock worth $3,132,000 after purchasing an additional 4,993 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 1.7%

NYSE DECK traded up $1.80 during mid-day trading on Friday, hitting $106.06. The company’s stock had a trading volume of 1,754,880 shares, compared to its average volume of 2,066,081. The firm has a market capitalization of $14.73 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 2.10 and a beta of 1.17. The company’s 50 day simple moving average is $104.97 and its 200 day simple moving average is $105.97. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $126.50.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DECK. UBS Group lifted their target price on Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Zacks Research downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Stifel Nicolaus set a $144.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 29th. Needham & Company LLC reiterated a “buy” rating and set a $138.00 target price on shares of Deckers Outdoor in a research report on Friday, May 22nd. Finally, KGI Securities lowered shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price on the stock. in a research note on Friday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Deckers Outdoor has a consensus rating of “Hold” and an average price target 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.