Nissay Asset Management Corp Japan Sells 90,851 Shares of Deckers Outdoor Corporation $DECK

Nissay Asset Management Corp Japan decreased its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 54.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,853 shares of the textile maker’s stock after selling 90,851 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Deckers Outdoor were worth $7,432,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its stake in Deckers Outdoor by 26.5% in the 2nd quarter. Hsbc Holdings PLC now owns 740,925 shares of the textile maker’s stock worth $73,623,000 after acquiring an additional 155,183 shares in the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Deckers Outdoor in the second quarter valued at approximately $1,448,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Deckers Outdoor in the second quarter valued at approximately $8,329,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Deckers Outdoor in the second quarter worth approximately $13,359,000. Finally, Rakuten Investment Management Inc. purchased a new position in Deckers Outdoor during the 2nd quarter worth $2,352,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Up 0.2%

Deckers Outdoor stock opened at $87.90 on Monday. The business has a fifty day moving average of $99.12 and a two-hundred day moving average of $104.10. The firm has a market cap of $11.97 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.63 and a beta of 1.17. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $125.45.

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

Analyst Ratings Changes

DECK has been the subject of a number of research analyst reports. Piper Sandler reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. KeyCorp restated a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Argus set a $128.00 price objective on Deckers Outdoor in a report on Friday, May 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $105.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 22nd. Finally, Truist Financial dropped their target price on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor presently has an average rating of “Hold” and an average target price of $117.16.

Deckers Outdoor Company Profile

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.