Te Ahumairangi Investment Management Ltd Has $2.88 Million Position in Deckers Outdoor Corporation $DECK

Te Ahumairangi Investment Management Ltd boosted its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 50.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,971 shares of the textile maker’s stock after buying an additional 9,371 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in Deckers Outdoor were worth $2,883,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Horizon Investments LLC lifted its holdings in shares of Deckers Outdoor by 4.6% during the first quarter. Horizon Investments LLC now owns 2,179 shares of the textile maker’s stock worth $244,000 after purchasing an additional 96 shares during the period. Cumberland Partners Ltd grew its position in shares of Deckers Outdoor by 0.4% in the 1st quarter. Cumberland Partners Ltd now owns 27,991 shares of the textile maker’s stock valued at $3,130,000 after buying an additional 98 shares during the last quarter. Park Place Capital Corp increased its stake in shares of Deckers Outdoor by 14.9% in the second quarter. Park Place Capital Corp now owns 771 shares of the textile maker’s stock valued at $81,000 after buying an additional 100 shares during the period. Tower View Wealth Management LLC raised its position in shares of Deckers Outdoor by 1.1% during the second quarter. Tower View Wealth Management LLC now owns 11,148 shares of the textile maker’s stock worth $1,149,000 after acquiring an additional 117 shares during the last quarter. Finally, Shilanski & Associates Inc. raised its position in shares of Deckers Outdoor by 1.2% during the second quarter. Shilanski & Associates Inc. now owns 11,662 shares of the textile maker’s stock worth $1,202,000 after acquiring an additional 142 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 2.0%

Deckers Outdoor stock opened at $87.19 on Thursday. The business’s 50 day simple moving average is $93.69 and its 200 day simple moving average is $104.01. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $223.98. The company has a market cap of $12.71 billion, a price-to-earnings ratio of 12.92, a PEG 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. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the company posted $1.59 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. As a group, equities research analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Insider Activity

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of the stock in a transaction dated Friday, October 31st. The shares were 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 trade represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the sale, 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 owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DECK shares. Needham & Company LLC dropped their price objective on Deckers Outdoor from $128.00 to $113.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Truist Financial set a $105.00 price target on Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, October 24th. Cowen reaffirmed a “buy” rating on shares of Deckers Outdoor in a research report on Friday, October 24th. UBS Group reiterated a “buy” rating on shares of Deckers Outdoor in a research report on Friday, October 24th. Finally, Barclays cut their target price on shares of 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 analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $117.58.

Deckers Outdoor Company 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.