Thrivent Financial for Lutherans Has $7.36 Million Holdings in Deckers Outdoor Corporation $DECK

Thrivent Financial for Lutherans lowered its position in Deckers Outdoor Corporation (NYSE:DECK) by 92.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 71,388 shares of the textile maker’s stock after selling 844,986 shares during the period. Thrivent Financial for Lutherans’ holdings in Deckers Outdoor were worth $7,358,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Marex Group plc acquired a new position in Deckers Outdoor in the second quarter valued at $431,000. Anchor Investment Management LLC lifted its stake in shares of Deckers Outdoor by 33.7% in the 2nd quarter. Anchor Investment Management LLC now owns 674 shares of the textile maker’s stock valued at $69,000 after purchasing an additional 170 shares during the period. Hohimer Wealth Management LLC bought a new stake in shares of Deckers Outdoor during the 2nd quarter valued at about $665,000. Nomura Holdings Inc. grew its stake in Deckers Outdoor by 34.8% during the second quarter. Nomura Holdings Inc. now owns 6,462 shares of the textile maker’s stock worth $666,000 after purchasing an additional 1,667 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

DECK stock opened at $100.51 on Friday. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $223.98. The business has a 50-day simple moving average of $91.20 and a two-hundred day simple moving average of $101.86. The company has a market capitalization of $14.65 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 4.62 and a beta of 1.19.

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, beating the consensus estimate of $1.58 by $0.24. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.Deckers Outdoor’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.59 earnings per share. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. As a group, sell-side analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

DECK has been the topic of a number of research analyst reports. Citigroup cut their price target on Deckers Outdoor from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Guggenheim initiated coverage on shares of Deckers Outdoor in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. Robert W. Baird decreased their target price on Deckers Outdoor from $150.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. Finally, Wells Fargo & Company dropped their price target on Deckers Outdoor from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $117.58.

Insider Activity

In other news, insider Angela Ogbechie sold 1,460 shares of the stock in a transaction dated 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 sale, the insider owned 34,020 shares in the company, valued at $2,770,929. This represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by insiders.

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.