Deckers Outdoor Corporation $DECK Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Deckers Outdoor Corporation (NYSE:DECK) by 2.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,427,639 shares of the textile maker’s stock after purchasing an additional 114,779 shares during the period. Geode Capital Management LLC’s holdings in Deckers Outdoor were worth $454,662,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. CVA Family Office LLC lifted its stake in shares of Deckers Outdoor by 137.4% during the second quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock valued at $32,000 after buying an additional 180 shares during the period. Cromwell Holdings LLC raised its holdings in Deckers Outdoor by 4,766.7% in the 2nd quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 429 shares during the last quarter. Banque Transatlantique SA purchased a new position in shares of Deckers Outdoor during the 1st quarter worth $51,000. Costello Asset Management INC purchased a new position in shares of Deckers Outdoor during the 1st quarter worth $78,000. Finally, Whittier Trust Co. boosted its holdings in shares of Deckers Outdoor by 187.3% during the second quarter. Whittier Trust Co. now owns 767 shares of the textile maker’s stock worth $79,000 after purchasing an additional 500 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. UBS Group reiterated a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 24th. 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 target for the company. Truist Financial set a $105.00 price objective on shares of Deckers Outdoor and gave the stock a “buy” rating in a report on Friday, October 24th. Cowen reissued a “buy” rating on shares of Deckers Outdoor in a research report on Friday, October 24th. Finally, Citigroup dropped their price target on shares of Deckers Outdoor from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $118.11.

Deckers Outdoor Price Performance

NYSE DECK opened at $82.87 on Friday. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $223.98. The firm has a market capitalization of $12.08 billion, a P/E ratio of 12.28, a P/E/G ratio of 3.79 and a beta of 1.10. The business’s 50-day simple moving average is $99.08 and its 200-day simple moving average is $105.91.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 23rd. The textile maker reported $1.82 EPS for the quarter, beating the consensus estimate of $1.58 by $0.24. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The firm 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 posted $1.59 earnings per share. 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 research analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of the firm’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 transaction, the insider directly 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. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the sale, the director directly owned 10,979 shares of the company’s stock, valued at $1,295,741.58. The trade was a 2.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.40% of the company’s stock.

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.