Allspring Global Investments Holdings LLC Purchases 261,243 Shares of Deckers Outdoor Corporation $DECK

Allspring Global Investments Holdings LLC increased its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 64.1% during the 1st quarter, HoldingsChannel reports. The fund owned 668,941 shares of the textile maker’s stock after buying an additional 261,243 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Deckers Outdoor were worth $67,503,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DECK. Federated Hermes Inc. raised its holdings in shares of Deckers Outdoor by 374.1% during the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after purchasing an additional 2,485,338 shares during the last quarter. Norges Bank purchased a new stake in Deckers Outdoor in the fourth quarter worth approximately $252,729,000. AQR Capital Management LLC grew its position in Deckers Outdoor by 340.5% in the 4th quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock worth $273,000,000 after purchasing an additional 2,035,517 shares during the period. Viking Global Investors LP bought a new stake in Deckers Outdoor in the 3rd quarter worth approximately $175,058,000. Finally, Marshall Wace LLP raised its stake in Deckers Outdoor by 5,324.4% during the 4th quarter. Marshall Wace LLP now owns 1,498,106 shares of the textile maker’s stock valued at $155,309,000 after buying an additional 1,470,488 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Price Performance

DECK stock opened at $106.50 on Friday. The business has a 50-day moving average price of $105.55 and a 200 day moving average price of $106.18. The company has a market capitalization of $14.79 billion, a P/E ratio of 15.13, a PEG ratio of 2.15 and a beta of 1.17. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $126.50.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.15. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, analysts anticipate that Deckers Outdoor Corporation will post 7.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DECK. Barclays reaffirmed an “overweight” rating and issued a $141.00 target price (down from $143.00) on shares of Deckers Outdoor in a report on Tuesday, May 26th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $105.00 price target on shares of Deckers Outdoor in a research note on Friday, May 22nd. UBS Group increased their price objective on shares of Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Needham & Company LLC restated a “buy” rating and set a $138.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 22nd. Finally, Argus set a $128.00 target price on Deckers Outdoor in a report on Friday, May 29th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.