KBC Group NV Sells 96,755 Shares of Deckers Outdoor Corporation $DECK

KBC Group NV reduced its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 54.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 81,328 shares of the textile maker’s stock after selling 96,755 shares during the period. KBC Group NV’s holdings in Deckers Outdoor were worth $8,140,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its stake in Deckers Outdoor by 24.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 407,698 shares of the textile maker’s stock worth $43,538,000 after purchasing an additional 81,345 shares during the period. ProShare Advisors LLC increased its holdings in Deckers Outdoor by 52.5% during the 4th quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker’s stock worth $4,356,000 after purchasing an additional 14,470 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Deckers Outdoor by 309.0% in 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 during the period. Stratos Wealth Advisors LLC raised its stake in shares of Deckers Outdoor by 54.8% in the 4th quarter. Stratos Wealth Advisors LLC now owns 33,524 shares of the textile maker’s stock valued at $3,475,000 after purchasing an additional 11,869 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Deckers Outdoor by 23.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 55,355 shares of the textile maker’s stock valued at $5,739,000 after purchasing an additional 10,615 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DECK. Argus set a $128.00 price objective on Deckers Outdoor in a research report on Friday, May 29th. Telsey Advisory Group set a $113.00 target price on Deckers Outdoor in a research report on Friday, May 22nd. Zacks Research cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research report on Friday, July 17th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $105.00 price target on shares of Deckers Outdoor in a research note on Friday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor presently has an average rating of “Hold” and an average target price of $121.11.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $102.36 on Thursday. The firm has a 50-day moving average of $106.05 and a 200-day moving average of $106.18. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $126.50. The company has a market cap of $14.22 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 2.04 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.15. The company had revenue of $1.12 billion during 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%.Deckers Outdoor’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, sell-side analysts expect that Deckers Outdoor Corporation will post 7.46 earnings per share for the current year.

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.