Chevy Chase Trust Holdings LLC Raises Stock Position in Deckers Outdoor Corporation $DECK

Chevy Chase Trust Holdings LLC raised its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 1.0% during the second quarter, Holdings Channel reports. The firm owned 125,267 shares of the textile maker’s stock after buying an additional 1,277 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Deckers Outdoor were worth $12,911,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at $247,000. State of Alaska Department of Revenue boosted its holdings in shares of Deckers Outdoor by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 17,777 shares of the textile maker’s stock valued at $1,987,000 after buying an additional 455 shares in the last quarter. ORG Partners LLC boosted its holdings in shares of Deckers Outdoor by 1,583.3% during the 1st quarter. ORG Partners LLC now owns 1,010 shares of the textile maker’s stock valued at $113,000 after buying an additional 950 shares in the last quarter. Praxis Investment Management Inc. boosted its holdings in shares of Deckers Outdoor by 133.9% during the 1st quarter. Praxis Investment Management Inc. now owns 7,790 shares of the textile maker’s stock valued at $871,000 after buying an additional 4,460 shares in the last quarter. Finally, Running Oak Capital LLC boosted its holdings in shares of Deckers Outdoor by 32.1% during the 1st quarter. Running Oak Capital LLC now owns 112,821 shares of the textile maker’s stock valued at $12,615,000 after buying an additional 27,391 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business’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 transaction, the director owned 10,979 shares of the company’s stock, valued at approximately $1,295,741.58. The trade was a 2.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $99.89 on Monday. The stock has a market cap of $14.82 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 3.81 and a beta of 1.05. The firm’s 50-day moving average is $109.12 and its 200 day moving average is $108.80. Deckers Outdoor Corporation has a 1 year low of $93.72 and a 1 year high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.25. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The business had revenue of $964.54 million during the quarter, compared to analyst estimates of $901.45 million. During the same quarter in the previous year, the firm earned $4.52 EPS. Deckers Outdoor’s revenue was up 16.9% on a year-over-year basis. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, equities analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DECK. Zacks Research upgraded shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Raymond James Financial boosted their target price on shares of Deckers Outdoor from $123.00 to $137.00 and gave the company a “strong-buy” rating in a report on Friday, July 25th. Evercore ISI dropped their target price on shares of Deckers Outdoor from $115.00 to $110.00 and set an “in-line” rating on the stock in a report on Friday. Barclays boosted their target price on shares of Deckers Outdoor from $134.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Finally, Bank of America upped their price target on shares of Deckers Outdoor from $120.00 to $122.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and a consensus target price of $136.00.

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.