Aljian Capital Management LLC Has $6.61 Million Stake in Deckers Outdoor Corporation $DECK

Aljian Capital Management LLC reduced its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 10.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,027 shares of the textile maker’s stock after selling 7,836 shares during the period. Deckers Outdoor comprises about 1.4% of Aljian Capital Management LLC’s investment portfolio, making the stock its 12th largest holding. Aljian Capital Management LLC’s holdings in Deckers Outdoor were worth $6,609,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DECK. Federated Hermes Inc. lifted its stake in Deckers Outdoor by 374.1% in the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after acquiring an additional 2,485,338 shares in the last quarter. Invesco Ltd. grew its stake in shares of Deckers Outdoor by 0.5% during the 4th quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker’s stock worth $285,380,000 after acquiring an additional 12,350 shares in the last quarter. AQR Capital Management LLC grew 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 acquiring an additional 2,035,517 shares in the last quarter. Norges Bank acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $252,729,000. Finally, Northern Trust Corp raised its holdings in shares of Deckers Outdoor by 3.1% in the fourth quarter. Northern Trust Corp now owns 1,774,448 shares of the textile maker’s stock valued at $183,957,000 after purchasing an additional 52,906 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $106.19 on Wednesday. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $126.50. The stock has a market cap of $14.75 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 2.09 and a beta of 1.17. The firm’s 50-day moving average is $105.01 and its 200-day moving average is $105.92.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results 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. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $1.00 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Sell-side analysts predict that Deckers Outdoor Corporation will post 7.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DECK has been the subject of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a report on Monday, April 20th. Wells Fargo & Company downgraded shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $115.00 to $90.00 in a research note on Friday, May 8th. Argus set a $128.00 price objective on Deckers Outdoor in a report on Friday, May 29th. Stifel Nicolaus set a $144.00 target price on Deckers Outdoor in a research report on Friday, May 29th. Finally, Needham & Company LLC reissued a “buy” rating and set a $138.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $121.11.

Deckers Outdoor Company Profile

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.