Lombard Odier Asset Management Europe Ltd Invests $1.45 Million in Deckers Outdoor Corporation $DECK

Lombard Odier Asset Management Europe Ltd bought a new position in Deckers Outdoor Corporation (NYSE:DECK) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 14,587 shares of the textile maker’s stock, valued at approximately $1,448,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DECK. Geneos Wealth Management Inc. grew its position 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 acquiring an additional 215 shares during the last quarter. Elyxium Wealth LLC purchased a new position in Deckers Outdoor during the 4th quarter valued at $30,000. Orion Capital Management LLC purchased a new position in shares of Deckers Outdoor during the second quarter valued at about $30,000. Rakuten Securities Inc. raised its stake in Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares in the last quarter. Finally, Activest Wealth Management raised its stake in Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after buying an additional 245 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DECK shares. Piper Sandler reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Robert W. Baird dropped their target price on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Needham & Company LLC reduced their target price on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a report on Friday, July 24th. UBS Group reissued a “buy” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Finally, Telsey Advisory Group cut their price target on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a research note on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $117.16.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $87.90 on Friday. The company has a market capitalization of $11.97 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.61 and a beta of 1.17. The firm’s 50 day simple moving average is $99.12 and its two-hundred day simple moving average is $104.18. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $125.45.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.Deckers Outdoor’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, sell-side analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

About Deckers Outdoor

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.