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

J. Safra Sarasin Holding AG lowered its stake in Deckers Outdoor Corporation (NYSE:DECK) by 52.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 hedge funds and other institutional investors have also modified their holdings of the stock. Geneos Wealth Management Inc. lifted its holdings in Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after buying an additional 215 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at $30,000. Rakuten Securities Inc. increased its stake in shares of 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 raised its position in shares of Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after acquiring an additional 245 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter worth $35,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 0.1%

NYSE:DECK opened at $106.70 on Thursday. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $126.50. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 2.11 and a beta of 1.17. The business’s 50-day moving average price is $105.30 and its two-hundred day moving average price is $106.13.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.15. The company had revenue of $1.12 billion during 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 company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Sell-side analysts predict that Deckers Outdoor Corporation will post 7.45 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Piper Sandler reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Barclays reissued an “overweight” rating and set a $141.00 price objective (down from $143.00) on shares of Deckers Outdoor in a report on Tuesday, May 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a research report on Monday, April 20th. KGI Securities downgraded shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target for the company. in a research note on Friday, May 22nd. 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 given a Sell rating to the stock. Based on data from MarketBeat, Deckers Outdoor has an average rating of “Hold” and an average target price of $121.11.

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.