Vanguard Group Inc. Reduces Stake in Deckers Outdoor Corporation $DECK

Vanguard Group Inc. lessened its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 1.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,568,471 shares of the textile maker’s stock after selling 178,947 shares during the quarter. Vanguard Group Inc. owned about 11.84% of Deckers Outdoor worth $1,810,782,000 at the end of the most recent reporting period.

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

Deckers Outdoor Stock Performance

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 company has a fifty day moving average of $95.70 and a 200-day moving average of $104.88. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 3.79 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last posted its quarterly 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 analyst estimates 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 was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 earnings per share. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. On average, equities research analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DECK has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their target price on Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating for the company in a research report on Friday, October 24th. Stifel Nicolaus raised Deckers Outdoor from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a report on Tuesday. Bank of America raised their target price on shares of Deckers Outdoor from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Cowen reissued a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 24th. Finally, Robert W. Baird dropped their price objective on shares of Deckers Outdoor from $150.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.58.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business’s 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 completion of the sale, the director owned 10,979 shares in the company, valued at approximately $1,295,741.58. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the insider owned 34,020 shares in the company, valued at $2,770,929. This represents a 4.11% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by insiders.

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.