7,095 Shares in Deckers Outdoor Corporation $DECK Acquired by Empirical Finance LLC

Empirical Finance LLC acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the 2nd quarter, Holdings Channel reports. The firm acquired 7,095 shares of the textile maker’s stock, valued at approximately $704,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System boosted its position in Deckers Outdoor by 9,479.9% during the second quarter. California State Teachers Retirement System now owns 21,355,790 shares of the textile maker’s stock worth $2,120,416,000 after purchasing an additional 21,132,867 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Deckers Outdoor in the second quarter valued at $1,343,613,000. Federated Hermes Inc. increased its position in shares of Deckers Outdoor by 374.1% in the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after buying an additional 2,485,338 shares in the last quarter. Norges Bank acquired a new position in shares of Deckers Outdoor during the 4th quarter worth $252,729,000. Finally, AQR Capital Management LLC raised its stake in shares of Deckers Outdoor by 340.5% during the 4th quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock worth $273,000,000 after buying an additional 2,035,517 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Truist Financial decreased their price objective on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Stifel Nicolaus set a $133.00 target price on shares of Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, July 24th. Argus set a $128.00 target price on shares of Deckers Outdoor in a research report on Friday, May 29th. KGI Securities downgraded shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target on the stock. in a report on Friday, May 22nd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $114.80.

Deckers Outdoor Stock Down 0.5%

Shares of NYSE:DECK opened at $79.81 on Friday. The company has a market capitalization of $10.87 billion, a P/E ratio of 11.32, a P/E/G ratio of 1.25 and a beta of 1.15. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $122.29. The stock’s fifty day simple moving average is $95.65 and its 200-day simple moving average is $102.01.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the business posted $0.93 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, sell-side analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

About Deckers Outdoor

Deckers Outdoor Corporation (NYSE: DECK) designs, markets and distributes branded footwear, apparel and accessories. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, a performance and lifestyle footwear brand; Teva, which specializes in outdoor and adventure sandals and footwear; and Koolaburra by UGG, which offers accessible casual footwear and related products.

The company sells its products through department and specialty stores, independent retailers, digital commerce platforms and its own brand websites and retail stores.