Financiere des Professionnels Fonds d investissement inc. Makes New Investment in Deckers Outdoor Corporation $DECK

Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,060 shares of the textile maker’s stock, valued at approximately $907,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. lifted its position in Deckers Outdoor by 330.8% in 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 acquired a new stake in Deckers Outdoor during the fourth quarter worth $30,000. Rakuten Securities Inc. increased its holdings in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after buying an additional 100 shares during the period. Activest Wealth Management increased its holdings in Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after buying an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at $35,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Price Performance

NYSE DECK opened at $106.50 on Friday. The stock’s 50 day simple moving average is $105.55 and its 200 day simple moving average is $106.18. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $126.50. The firm has a market cap of $14.79 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.15 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last posted 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 company had revenue of $1.12 billion for 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 business’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous 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, equities analysts expect that Deckers Outdoor Corporation will post 7.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DECK shares. UBS Group raised their price objective on shares of Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a research note on Monday, April 20th. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Sanford C. Bernstein restated a “market perform” rating and set a $105.00 price target on shares of Deckers Outdoor in a research note on Friday, May 22nd. Finally, Wells Fargo & Company downgraded Deckers Outdoor from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $115.00 to $90.00 in a report on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Hold” and an average target price 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.