Stevens Capital Management LP Cuts Stake in Deckers Outdoor Corporation $DECK

Stevens Capital Management LP cut its stake in Deckers Outdoor Corporation (NYSE:DECK) by 57.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,350 shares of the textile maker’s stock after selling 3,175 shares during the quarter. Stevens Capital Management LP’s holdings in Deckers Outdoor were worth $242,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings 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 valued at $116,310,000 after buying an additional 39,211 shares in the last quarter. Trillium Asset Management LLC lifted its stake in shares of Deckers Outdoor by 28.1% in the 2nd 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 during the last quarter. Jump Financial LLC grew its holdings in shares of Deckers Outdoor by 5,481.7% during the 1st quarter. Jump Financial LLC now owns 156,568 shares of the textile maker’s stock worth $17,506,000 after purchasing an additional 153,763 shares during the period. OFI Invest Asset Management grew its holdings in shares of Deckers Outdoor by 32.1% during the 2nd quarter. OFI Invest Asset Management now owns 361,543 shares of the textile maker’s stock worth $37,264,000 after purchasing an additional 87,834 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Deckers Outdoor by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker’s stock worth $1,984,339,000 after purchasing an additional 107,635 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on DECK shares. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a report on Wednesday, October 8th. The Goldman Sachs Group reduced their price target on shares of Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating on the stock in a research report on Friday, October 24th. KeyCorp upgraded shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Wells Fargo & Company decreased their price target on shares of Deckers Outdoor from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, October 24th. Finally, Barclays reduced their price objective on Deckers Outdoor from $141.00 to $113.00 and set an “overweight” rating on the stock in a research note on Monday, October 27th. Two research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $117.58.

Insider Transactions at Deckers Outdoor

In related news, insider Angela Ogbechie sold 1,460 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $81.45, for a total transaction of $118,917.00. Following the transaction, the insider owned 34,020 shares in the company, valued at $2,770,929. This trade represents a 4.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor 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 transaction, the director directly owned 10,979 shares in the company, valued at approximately $1,295,741.58. This trade represents a 2.66% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Stock Up 4.4%

Shares of Deckers Outdoor stock opened at $85.05 on Friday. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $223.98. The firm’s 50 day moving average is $95.70 and its two-hundred day moving average is $104.79. The firm has a market capitalization of $12.40 billion, a P/E ratio of 12.60, a P/E/G ratio of 3.79 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.24. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations 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 for the quarter 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. As a group, research analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal 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.