Fifth Third Bancorp Acquires 24,279 Shares of Deckers Outdoor Corporation $DECK

Fifth Third Bancorp boosted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 772.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 27,423 shares of the textile maker’s stock after acquiring an additional 24,279 shares during the quarter. Fifth Third Bancorp’s holdings in Deckers Outdoor were worth $2,745,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Deckers Outdoor by 24.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 407,698 shares of the textile maker’s stock worth $43,538,000 after purchasing an additional 81,345 shares during the period. ProShare Advisors LLC increased its stake in Deckers Outdoor by 52.5% in the 4th quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker’s stock valued at $4,356,000 after buying an additional 14,470 shares during the period. SG Americas Securities LLC lifted its stake in shares of Deckers Outdoor by 309.0% in the 4th quarter. SG Americas Securities LLC now owns 240,466 shares of the textile maker’s stock worth $24,929,000 after acquiring an additional 181,675 shares during the period. Park Avenue Securities LLC increased its stake in shares of Deckers Outdoor by 19.8% during the fourth quarter. Park Avenue Securities LLC now owns 30,211 shares of the textile maker’s stock worth $3,132,000 after acquiring an additional 4,993 shares during the period. Finally, Stratos Wealth Advisors LLC increased its stake in shares of Deckers Outdoor by 54.8% during the fourth quarter. Stratos Wealth Advisors LLC now owns 33,524 shares of the textile maker’s stock worth $3,475,000 after acquiring an additional 11,869 shares during the period. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 2.2%

NYSE:DECK opened at $104.18 on Tuesday. The company has a market capitalization of $14.47 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 2.10 and a beta of 1.17. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $126.50. The stock has a fifty day simple moving average of $105.71 and a 200-day simple moving average of $106.19.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Truist Financial set a $125.00 price target on shares of Deckers Outdoor and gave the company a “buy” rating in a report on Friday, May 22nd. Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. KGI Securities cut shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price for the company. in a report on Friday, May 22nd. Telsey Advisory Group set a $113.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $105.00 price target on shares of Deckers Outdoor in a research note on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Deckers Outdoor currently has a consensus rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor 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.