J. Safra Sarasin Holding AG Has $768,000 Holdings in Deckers Outdoor Corporation $DECK

J. Safra Sarasin Holding AG cut its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 52.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 7,684 shares of the textile maker’s stock after selling 8,389 shares during the period. J. Safra Sarasin Holding AG’s holdings in Deckers Outdoor were worth $768,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DECK. Geneos Wealth Management Inc. raised its position in shares of Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares during the period. Elyxium Wealth LLC bought a new stake in Deckers Outdoor during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. increased its stake in Deckers Outdoor by 45.5% during the 2nd 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 raised 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 buying an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new stake in Deckers Outdoor during the 4th quarter worth approximately $35,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Up 0.1%

NYSE:DECK opened at $106.70 on Thursday. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $126.50. The business has a 50 day moving average price of $105.30 and a two-hundred day moving average price of $106.13. The company has a market cap of $14.82 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 2.11 and a beta of 1.17.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Raymond James Financial lowered shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target on the stock. in a research note on Thursday, April 23rd. Wells Fargo & Company lowered shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $115.00 to $90.00 in a report on Friday, May 8th. KeyCorp reaffirmed a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, May 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research note on Monday, April 20th. Finally, KGI Securities cut Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price for the company. in a report on Friday, May 22nd. Nine 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, the stock presently has an average rating of “Hold” and a consensus price target of $121.11.

Deckers Outdoor Company 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.