Invesco Ltd. lifted its stake in Deckers Outdoor Corporation (NYSE:DECK – Free Report) by 19.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,781,218 shares of the textile maker’s stock after purchasing an additional 452,081 shares during the quarter. Invesco Ltd.’s holdings in Deckers Outdoor were worth $286,660,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in Deckers Outdoor by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker’s stock worth $116,310,000 after purchasing an additional 39,211 shares during the period. Trillium Asset Management LLC lifted its holdings in shares of Deckers Outdoor by 28.1% in the second quarter. Trillium Asset Management LLC now owns 188,486 shares of the textile maker’s stock valued at $19,428,000 after purchasing an additional 41,325 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of Deckers Outdoor by 5,481.7% in the first quarter. Jump Financial LLC now owns 156,568 shares of the textile maker’s stock valued at $17,506,000 after purchasing an additional 153,763 shares in the last quarter. OFI Invest Asset Management boosted its position in shares of Deckers Outdoor by 32.1% in the second quarter. OFI Invest Asset Management now owns 361,543 shares of the textile maker’s stock worth $37,264,000 after buying an additional 87,834 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Deckers Outdoor by 0.6% during the first quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker’s stock valued at $1,984,339,000 after buying an additional 107,635 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on DECK shares. KeyCorp raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Sanford C. Bernstein began coverage on shares of Deckers Outdoor in a research report on Thursday, September 18th. They issued an “underperform” rating and a $100.00 price target for the company. Telsey Advisory Group decreased their price target on shares of Deckers Outdoor from $120.00 to $105.00 and set a “market perform” rating for the company in a report on Friday, October 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Wednesday, October 8th. Finally, Zacks Research lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Two 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $117.58.
Deckers Outdoor Stock Performance
Shares of DECK opened at $99.72 on Friday. The firm has a market cap of $14.53 billion, a PE ratio of 14.77, a PEG ratio of 4.49 and a beta of 1.19. The firm’s 50 day moving average price is $91.14 and its 200 day moving average price is $102.31. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $223.98.
Deckers Outdoor (NYSE:DECK – Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The textile maker reported $1.82 EPS for the quarter, topping the consensus estimate of $1.58 by $0.24. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. Deckers Outdoor’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.59 EPS. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. On average, sell-side analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.
Insider Buying and Selling at Deckers Outdoor
In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the transaction, the director directly owned 10,979 shares in the company, valued at $1,295,741.58. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Ogbechie sold 1,460 shares of the business’s stock in a transaction dated 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 directly owned 34,020 shares of the company’s stock, valued at $2,770,929. This represents a 4.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.40% of the company’s stock.
About Deckers Outdoor
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.
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