Deckers Outdoor Corporation $DECK Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Deckers Outdoor Corporation (NYSE:DECK) by 12.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,358 shares of the textile maker’s stock after purchasing an additional 23,827 shares during the period. Principal Financial Group Inc.’s holdings in Deckers Outdoor were worth $21,155,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in Deckers Outdoor by 24.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 407,698 shares of the textile maker’s stock worth $43,538,000 after buying an additional 81,345 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Deckers Outdoor by 52.5% in the 4th quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker’s stock valued at $4,356,000 after acquiring an additional 14,470 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Deckers Outdoor by 309.0% during the 4th quarter. SG Americas Securities LLC now owns 240,466 shares of the textile maker’s stock worth $24,929,000 after acquiring an additional 181,675 shares in the last quarter. Stratos Wealth Advisors LLC raised its position in shares of Deckers Outdoor by 54.8% during the 4th quarter. Stratos Wealth Advisors LLC now owns 33,524 shares of the textile maker’s stock worth $3,475,000 after acquiring an additional 11,869 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Deckers Outdoor by 23.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 55,355 shares of the textile maker’s stock worth $5,739,000 after acquiring an additional 10,615 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $103.42 on Wednesday. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $126.50. The company has a market capitalization of $14.36 billion, a P/E ratio of 14.69, a PEG ratio of 2.05 and a beta of 1.17. The stock has a 50-day simple moving average of $105.88 and a 200-day simple moving average of $106.19.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.15. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, analysts forecast that Deckers Outdoor Corporation will post 7.46 earnings per share for the current year.

Analyst Ratings Changes

DECK has been the subject of a number of research analyst reports. Stifel Nicolaus set a $144.00 price target on Deckers Outdoor in a report on Friday, May 29th. Telsey Advisory Group set a $113.00 price objective on shares of Deckers Outdoor in a report on Friday, May 22nd. KGI Securities downgraded shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective for the company. in a research report on Friday, May 22nd. Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $121.11.

About Deckers Outdoor

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.