Kingsview Wealth Management LLC Decreases Stock Holdings in Deckers Outdoor Corporation $DECK

Kingsview Wealth Management LLC reduced its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 29.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,927 shares of the textile maker’s stock after selling 1,197 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Deckers Outdoor were worth $302,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. increased its position in shares of Deckers Outdoor by 1,998.7% in the first quarter. Federated Hermes Inc. now owns 1,163,977 shares of the textile maker’s stock valued at $130,144,000 after acquiring an additional 1,108,516 shares during the period. Tredje AP fonden grew its stake in shares of Deckers Outdoor by 507.2% in the second quarter. Tredje AP fonden now owns 1,290,498 shares of the textile maker’s stock worth $133,012,000 after purchasing an additional 1,077,965 shares during the last quarter. Nuveen LLC bought a new stake in shares of Deckers Outdoor in the first quarter worth about $97,935,000. Swedbank AB increased its holdings in Deckers Outdoor by 1,038.9% during the 1st quarter. Swedbank AB now owns 758,683 shares of the textile maker’s stock valued at $84,828,000 after purchasing an additional 692,065 shares during the period. Finally, Atreides Management LP raised its position in Deckers Outdoor by 123.6% during the 1st quarter. Atreides Management LP now owns 1,078,693 shares of the textile maker’s stock valued at $120,609,000 after purchasing an additional 596,359 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Cowen reiterated a “buy” rating on shares of Deckers Outdoor in a report on Friday, October 24th. KeyCorp raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. UBS Group reiterated a “buy” rating on shares of Deckers Outdoor in a report on Friday, October 24th. Raymond James Financial set a $115.00 price objective on shares of Deckers Outdoor and gave the stock a “strong-buy” rating in a report on Friday, October 24th. Finally, Telsey Advisory Group dropped their target price on shares of Deckers Outdoor from $120.00 to $105.00 and set a “market perform” rating for the company in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Hold” and an average price target of $117.58.

Insider Transactions at Deckers Outdoor

In other news, insider Angela Ogbechie sold 1,460 shares of Deckers Outdoor stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $81.45, for a total transaction of $118,917.00. Following the completion of the transaction, the insider directly owned 34,020 shares in the company, valued at approximately $2,770,929. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the sale, the director owned 10,979 shares in the company, valued at $1,295,741.58. The trade was a 2.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Trading Up 4.4%

DECK opened at $85.05 on Friday. The company has a market cap of $12.40 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 3.79 and a beta of 1.10. The stock has a fifty day simple moving average of $95.70 and a two-hundred day simple moving average of $104.79. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.24. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 EPS. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. On average, analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.