Bank of New York Mellon Corp Acquires 995,099 Shares of Deckers Outdoor Corporation $DECK

Bank of New York Mellon Corp lifted its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 123.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,803,021 shares of the textile maker’s stock after purchasing an additional 995,099 shares during the period. Bank of New York Mellon Corp’s holdings in Deckers Outdoor were worth $180,464,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Revolve Wealth Partners LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter worth about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Deckers Outdoor by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock valued at $1,858,000 after acquiring an additional 522 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Deckers Outdoor by 165.6% during the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after acquiring an additional 6,384 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Deckers Outdoor by 8.1% in the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after acquiring an additional 521 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Deckers Outdoor by 163.2% in the 2nd quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock valued at $1,062,000 after acquiring an additional 6,391 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DECK. KGI Securities cut Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price for the company. in a research report on Friday, May 22nd. Wells Fargo & Company lowered shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $115.00 to $90.00 in a research report on Friday, May 8th. Telsey Advisory Group set a $113.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. Barclays restated an “overweight” rating and issued a $141.00 price objective (down from $143.00) on shares of Deckers Outdoor in a research note on Tuesday, May 26th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $105.00 price objective on shares of Deckers Outdoor in a report on Friday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $121.11.

Deckers Outdoor Stock Down 2.3%

Shares of NYSE:DECK 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. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $126.50. The company has a market cap of $14.79 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 2.10 and a beta of 1.17.

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

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.