Prudential PLC Trims Stock Position in Deckers Outdoor Corporation $DECK

Prudential PLC decreased its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 11.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,872 shares of the textile maker’s stock after selling 8,179 shares during the quarter. Prudential PLC’s holdings in Deckers Outdoor were worth $6,274,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Deckers Outdoor by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker’s stock worth $1,984,339,000 after acquiring an additional 107,635 shares during the last quarter. Geode Capital Management LLC increased its holdings in Deckers Outdoor by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker’s stock valued at $454,662,000 after purchasing an additional 114,779 shares during the last quarter. Northern Trust Corp raised its position in Deckers Outdoor by 6.2% in the first quarter. Northern Trust Corp now owns 1,680,558 shares of the textile maker’s stock valued at $187,903,000 after purchasing an additional 98,856 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Deckers Outdoor by 6.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,520,461 shares of the textile maker’s stock worth $170,003,000 after purchasing an additional 97,312 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in Deckers Outdoor by 46.5% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,410,262 shares of the textile maker’s stock worth $157,681,000 after purchasing an additional 447,734 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were 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 approximately $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela Ogbechie sold 1,460 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $81.45, for a total transaction of $118,917.00. Following the sale, the insider owned 34,020 shares of the company’s stock, valued at $2,770,929. This trade represents a 4.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DECK shares. Cowen reaffirmed a “buy” rating on shares of Deckers Outdoor in a research report on Friday, October 24th. Truist Financial set a $105.00 price objective on shares of Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, October 24th. Evercore ISI cut 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 research note on Friday, October 17th. TD Cowen reduced their target price on shares of Deckers Outdoor from $125.00 to $124.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Finally, Jefferies Financial Group decreased their price target on shares of Deckers Outdoor from $114.00 to $107.00 and set a “hold” rating for the company in a research report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $117.58.

Deckers Outdoor Stock Up 4.4%

DECK 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 business’s 50 day moving average is $95.70 and its two-hundred day moving average is $104.88. The firm has a market cap 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 announced its earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.24. The business had revenue of $1.43 billion for 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 for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $1.59 earnings per share. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. Equities analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

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.