Deckers Outdoor Corporation $DECK Stock Position Lifted by Tobam

Tobam grew its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 1,882.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,176 shares of the textile maker’s stock after buying an additional 22,007 shares during the quarter. Tobam’s holdings in Deckers Outdoor were worth $2,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Federated Hermes Inc. boosted its position in shares of Deckers Outdoor by 1,998.7% during the 1st 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 in the last quarter. Tredje AP fonden grew its holdings in shares of Deckers Outdoor by 507.2% during 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 during the first quarter worth $97,935,000. Swedbank AB boosted its holdings in Deckers Outdoor by 1,038.9% in the first quarter. Swedbank AB now owns 758,683 shares of the textile maker’s stock valued at $84,828,000 after acquiring an additional 692,065 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Deckers Outdoor by 4,770.0% in the 1st quarter. Pacer Advisors Inc. now owns 641,082 shares of the textile maker’s stock valued at $71,679,000 after purchasing an additional 627,918 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were 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. The trade was a 2.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Angela Ogbechie sold 1,460 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 34,020 shares of the company’s stock, valued at $2,770,929. This trade represents a 4.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DECK shares. Bank of America increased their price target on Deckers Outdoor from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Sanford C. Bernstein assumed coverage on Deckers Outdoor in a report on Thursday, September 18th. They issued an “underperform” rating and a $100.00 price objective for the company. TD Cowen decreased their target price on Deckers Outdoor from $125.00 to $124.00 and set a “buy” rating for the company in a research report on Friday, October 24th. The Goldman Sachs Group lowered their price target on Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating for the company in a research note on Friday, October 24th. Finally, Truist Financial set a $105.00 price objective on shares of Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Deckers Outdoor has a consensus rating of “Hold” and a consensus target price of $118.11.

Deckers Outdoor Stock Up 3.6%

Shares of DECK stock opened at $82.72 on Wednesday. The firm has a fifty day moving average of $101.43 and a 200-day moving average of $106.45. The company has a market capitalization of $12.06 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 3.79 and a beta of 1.10. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $223.98.

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

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.