New York State Common Retirement Fund Decreases Position in Deckers Outdoor Corporation $DECK

New York State Common Retirement Fund lowered its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 24.3% during the second quarter, Holdings Channel reports. The fund owned 97,735 shares of the textile maker’s stock after selling 31,421 shares during the period. New York State Common Retirement Fund’s holdings in Deckers Outdoor were worth $10,074,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DECK. Silvant Capital Management LLC purchased a new stake in Deckers Outdoor during the 2nd quarter worth about $2,079,000. Norges Bank acquired a new position in shares of Deckers Outdoor during the second quarter worth about $223,036,000. Hsbc Holdings PLC increased its stake in shares of Deckers Outdoor by 25.7% during the second quarter. Hsbc Holdings PLC now owns 610,110 shares of the textile maker’s stock worth $62,892,000 after buying an additional 124,804 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Deckers Outdoor by 11.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,358 shares of the textile maker’s stock worth $965,000 after buying an additional 997 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in Deckers Outdoor by 1.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 147,984 shares of the textile maker’s stock valued at $15,253,000 after acquiring an additional 1,440 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Deckers Outdoor news, 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 transaction of $35,406.00. Following the transaction, the director owned 10,979 shares of the company’s stock, valued at $1,295,741.58. The trade was a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Angela Ogbechie sold 1,460 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $81.45, for a total value of $118,917.00. Following the completion of the sale, the insider owned 34,020 shares of the company’s stock, valued at approximately $2,770,929. This represents a 4.11% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DECK shares. Jefferies Financial Group lowered their price target on shares of Deckers Outdoor from $114.00 to $107.00 and set a “hold” rating for the company in a report on Thursday, October 23rd. Wells Fargo & Company lowered their target price on shares of Deckers Outdoor from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, October 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a report on Wednesday, October 8th. Zacks Research downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, 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 report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $117.58.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $96.18 on Friday. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $223.98. The firm has a market capitalization of $14.02 billion, a P/E ratio of 14.25, a P/E/G ratio of 4.28 and a beta of 1.19. The company’s fifty day moving average price is $91.26 and its 200 day moving average price is $102.68.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data 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 net margin of 19.47% and a return on equity of 40.54%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the firm posted $1.59 earnings per share. Deckers Outdoor’s revenue for the quarter was up 9.1% on a year-over-year basis. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. On average, sell-side analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current 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.