VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Stake in Deckers Outdoor Corporation $DECK

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 496,800 shares of the textile maker’s stock, valued at approximately $49,327,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.36% of Deckers Outdoor as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Revolve Wealth Partners LLC purchased a new stake in Deckers Outdoor during the 4th quarter worth $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Deckers Outdoor by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock valued at $1,858,000 after purchasing an additional 522 shares during the period. Empowered Funds LLC raised its position in Deckers Outdoor by 165.6% in the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after purchasing an additional 6,384 shares during the period. Focus Partners Wealth lifted its stake in shares of Deckers Outdoor by 8.1% during the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock worth $773,000 after purchasing an additional 521 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Deckers Outdoor by 163.2% in the second quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock worth $1,062,000 after buying an additional 6,391 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DECK shares. Argus set a $128.00 target price on Deckers Outdoor in a research note on Friday, May 29th. Telsey Advisory Group reduced their price target on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a research report on Friday, July 24th. Robert W. Baird decreased their price target on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Needham & Company LLC lowered their price objective on shares of Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Finally, Barclays set a $133.00 price objective on shares of Deckers Outdoor and gave the company an “overweight” rating in a research note on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Hold” and an average target price of $117.16.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $85.87 on Monday. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $124.88. The company has a market capitalization of $11.69 billion, a PE ratio of 12.18, a P/E/G ratio of 1.33 and a beta of 1.15. The business has a 50-day moving average of $97.19 and a 200-day moving average of $103.03.

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

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.