Edgestream Partners L.P. Sells 28,966 Shares of Deckers Outdoor Corporation $DECK

Edgestream Partners L.P. lessened its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 45.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 34,642 shares of the textile maker’s stock after selling 28,966 shares during the period. Edgestream Partners L.P.’s holdings in Deckers Outdoor were worth $3,571,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Deckers Outdoor during the second quarter worth $223,036,000. Tredje AP fonden lifted its stake in Deckers Outdoor by 507.2% in the second quarter. Tredje AP fonden now owns 1,290,498 shares of the textile maker’s stock valued at $133,012,000 after buying an additional 1,077,965 shares during the period. Nuveen LLC bought a new position in Deckers Outdoor during the first quarter worth about $97,935,000. Swedbank AB grew its position in shares of Deckers Outdoor by 1,038.9% during the 1st quarter. Swedbank AB now owns 758,683 shares of the textile maker’s stock worth $84,828,000 after buying an additional 692,065 shares during the period. Finally, Atreides Management LP increased its stake in shares of Deckers Outdoor by 123.6% in the 1st quarter. Atreides Management LP now owns 1,078,693 shares of the textile maker’s stock valued at $120,609,000 after acquiring an additional 596,359 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on DECK shares. UBS Group reissued a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 24th. Robert W. Baird reduced their price target on shares of Deckers Outdoor from $150.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, October 24th. Bank of America upped their price objective on shares of Deckers Outdoor from $120.00 to $122.00 and gave the company a “neutral” rating in a research report on Thursday, September 25th. Citigroup reduced their target price on Deckers Outdoor from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Finally, Evercore ISI decreased their target price on Deckers Outdoor from $115.00 to $110.00 and set an “in-line” rating for the company in a research note on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $117.58.

Deckers Outdoor Price Performance

DECK opened at $94.98 on Thursday. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 4.15 and a beta of 1.19. The business’s 50-day moving average price is $91.45 and its two-hundred day moving average price is $102.73. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $223.98.

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

Insider Buying and Selling

In related news, insider Angela Ogbechie sold 1,460 shares of the firm’s stock in a transaction 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 transaction, the insider owned 34,020 shares of the company’s stock, valued at approximately $2,770,929. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the sale, the director owned 10,979 shares in the company, valued at $1,295,741.58. The trade was a 2.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by company insiders.

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.