Pictet Asset Management Holding SA Acquires 59,667 Shares of Deckers Outdoor Corporation $DECK

Pictet Asset Management Holding SA boosted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 26.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 286,754 shares of the textile maker’s stock after acquiring an additional 59,667 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Deckers Outdoor were worth $28,698,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of DECK. Rakuten Securities Inc. lifted its position in shares of Deckers Outdoor by 45.5% in the second 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 last quarter. Hilton Head Capital Partners LLC increased its holdings in shares of Deckers Outdoor by 29.8% during the 1st quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker’s stock worth $44,000 after acquiring an additional 101 shares during the last quarter. GW Henssler & Associates Ltd. raised its stake in Deckers Outdoor by 5.8% in the 4th quarter. GW Henssler & Associates Ltd. now owns 2,159 shares of the textile maker’s stock valued at $224,000 after acquiring an additional 118 shares during the period. Perennial Investment Advisors LLC raised its stake in Deckers Outdoor by 5.4% in the 3rd quarter. Perennial Investment Advisors LLC now owns 2,709 shares of the textile maker’s stock valued at $275,000 after acquiring an additional 138 shares during the period. Finally, BOKF NA lifted its holdings in Deckers Outdoor by 0.9% during the 3rd quarter. BOKF NA now owns 17,412 shares of the textile maker’s stock valued at $1,765,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Argus set a $128.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 29th. Zacks Research lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Truist Financial set a $125.00 target price on shares of Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, May 22nd. Raymond James Financial downgraded shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price for the company. in a report on Thursday, April 23rd. Finally, Telsey Advisory Group set a $113.00 price target on shares of Deckers Outdoor in a research note on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Deckers Outdoor currently has an average rating of “Hold” and a consensus price target of $121.11.

Deckers Outdoor Price Performance

DECK stock opened at $100.34 on Thursday. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $126.50. The stock has a market capitalization of $13.94 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 1.96 and a beta of 1.17. The business’s fifty day moving average price is $105.26 and its two-hundred day moving average price is $105.86.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the business posted $1.00 earnings per share. Deckers Outdoor’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. Research analysts expect that Deckers Outdoor Corporation will post 7.45 EPS for the current year.

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.