Lazard Asset Management LLC Has $11.22 Million Holdings in Deckers Outdoor Corporation $DECK

Lazard Asset Management LLC raised its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 44.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 112,095 shares of the textile maker’s stock after purchasing an additional 34,610 shares during the period. Lazard Asset Management LLC’s holdings in Deckers Outdoor were worth $11,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of DECK. Federated Hermes Inc. raised its stake in Deckers Outdoor by 374.1% during the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock worth $326,531,000 after acquiring an additional 2,485,338 shares in the last quarter. Norges Bank acquired a new stake in Deckers Outdoor in the 4th quarter valued at about $252,729,000. AQR Capital Management LLC increased its holdings in shares of Deckers Outdoor by 340.5% in the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after purchasing an additional 2,035,517 shares in the last quarter. Viking Global Investors LP bought a new stake in shares of Deckers Outdoor during the third quarter worth $175,058,000. Finally, Marshall Wace LLP raised its holdings in Deckers Outdoor by 5,324.4% during the 4th quarter. Marshall Wace LLP now owns 1,498,106 shares of the textile maker’s stock worth $155,309,000 after purchasing an additional 1,470,488 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DECK has been the subject of several recent research reports. KeyCorp reiterated a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Robert W. Baird cut their price target on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Telsey Advisory Group cut their price target on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a report on Friday, July 24th. Argus set a $128.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 29th. Finally, Barclays set a $133.00 price target on shares of Deckers Outdoor and gave the stock an “overweight” rating in a research report on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $117.16.

Deckers Outdoor Stock Down 0.4%

Shares of Deckers Outdoor stock opened at $103.50 on Thursday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $125.45. The stock has a market cap of $14.09 billion, a P/E ratio of 14.68, a P/E/G ratio of 1.93 and a beta of 1.17. The business’s 50 day moving average is $106.50 and its 200-day moving average is $105.94.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm posted $0.93 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, sell-side analysts expect that Deckers Outdoor Corporation will post 7.49 EPS 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.