Carlson Capital L.P. Raises Stake in Deckers Outdoor Corporation $DECK

Carlson Capital L.P. lifted its position in Deckers Outdoor Corporation (NYSE:DECK) by 136.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,900 shares of the textile maker’s stock after purchasing an additional 3,400 shares during the period. Carlson Capital L.P.’s holdings in Deckers Outdoor were worth $608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Te Ahumairangi Investment Management Ltd increased its stake in Deckers Outdoor by 50.4% in the 2nd quarter. Te Ahumairangi Investment Management Ltd now owns 27,971 shares of the textile maker’s stock worth $2,883,000 after buying an additional 9,371 shares in the last quarter. Inceptionr LLC boosted its stake in shares of Deckers Outdoor by 71.6% in the second quarter. Inceptionr LLC now owns 10,530 shares of the textile maker’s stock worth $1,085,000 after acquiring an additional 4,394 shares during the period. Manchester Capital Management LLC grew its position in shares of Deckers Outdoor by 344.5% during the second quarter. Manchester Capital Management LLC now owns 649 shares of the textile maker’s stock worth $67,000 after purchasing an additional 503 shares in the last quarter. Elo Mutual Pension Insurance Co raised its stake in Deckers Outdoor by 17.7% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 18,822 shares of the textile maker’s stock valued at $1,940,000 after purchasing an additional 2,824 shares during the period. Finally, Financial Advocates Investment Management lifted its holdings in Deckers Outdoor by 15.7% in the 2nd quarter. Financial Advocates Investment Management now owns 3,404 shares of the textile maker’s stock worth $351,000 after purchasing an additional 463 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the sale, the director owned 10,979 shares in the company, valued at approximately $1,295,741.58. This represents a 2.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Angela Ogbechie sold 1,460 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $81.45, for a total value of $118,917.00. Following the completion of the sale, the insider owned 34,020 shares of the company’s stock, valued at approximately $2,770,929. This represents a 4.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Bank of America increased their price objective on shares of Deckers Outdoor from $120.00 to $122.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. Jefferies Financial Group cut their target price on shares of Deckers Outdoor from $114.00 to $107.00 and set a “hold” rating for the company in a research note on Thursday, October 23rd. Truist Financial set a $105.00 price target on shares of Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, October 24th. Robert W. Baird dropped their price objective on shares of Deckers Outdoor from $150.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, October 24th. Finally, Sanford C. Bernstein initiated coverage on Deckers Outdoor in a report on Thursday, September 18th. They issued an “underperform” rating and a $100.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Deckers Outdoor has an average rating of “Hold” and an average target price of $117.58.

Deckers Outdoor Stock Up 2.0%

Shares of NYSE:DECK opened at $87.19 on Thursday. The firm has a fifty day simple moving average of $93.69 and a two-hundred day simple moving average of $104.01. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $223.98. The stock has a market capitalization of $12.71 billion, a P/E ratio of 12.92, a PEG ratio of 3.79 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 23rd. The textile maker reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.24. The firm had revenue of $1.43 billion during 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 firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.59 EPS. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. On average, analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share 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.