Teacher Retirement System of Texas Trims Holdings in Deckers Outdoor Corporation $DECK

Teacher Retirement System of Texas cut its stake in Deckers Outdoor Corporation (NYSE:DECK) by 30.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,054 shares of the textile maker’s stock after selling 9,859 shares during the quarter. Teacher Retirement System of Texas’ holdings in Deckers Outdoor were worth $2,376,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Deckers Outdoor by 0.6% in the first quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker’s stock valued at $1,984,339,000 after purchasing an additional 107,635 shares in the last quarter. Northern Trust Corp grew its position in shares of Deckers Outdoor by 6.2% in the first quarter. Northern Trust Corp now owns 1,680,558 shares of the textile maker’s stock valued at $187,903,000 after purchasing an additional 98,856 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Deckers Outdoor by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,520,461 shares of the textile maker’s stock valued at $170,003,000 after purchasing an additional 97,312 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Deckers Outdoor by 46.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,410,262 shares of the textile maker’s stock valued at $157,681,000 after purchasing an additional 447,734 shares in the last quarter. Finally, Amundi grew its position in shares of Deckers Outdoor by 24.7% in the first quarter. Amundi now owns 1,357,154 shares of the textile maker’s stock valued at $151,743,000 after purchasing an additional 268,803 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Up 0.8%

Shares of DECK stock opened at $81.52 on Monday. The business has a 50-day moving average price of $106.57 and a two-hundred day moving average price of $107.73. Deckers Outdoor Corporation has a 12-month low of $80.30 and a 12-month high of $223.98. The firm has a market cap of $12.09 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 3.79 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.24. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the company posted $1.59 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. As a group, research analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the sale, the director owned 10,979 shares of the company’s stock, valued at $1,295,741.58. The trade was a 2.66% 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 company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group reduced their price target on Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating for the company in a research report on Friday, October 24th. Sanford C. Bernstein started coverage on Deckers Outdoor in a research report on Thursday, September 18th. They issued an “underperform” rating and a $100.00 price target for the company. Bank of America boosted their target price on Deckers Outdoor from $120.00 to $122.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Needham & Company LLC reduced their target price on Deckers Outdoor from $128.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Finally, Stifel Nicolaus set a $127.00 target price on Deckers Outdoor in a research report on Tuesday, October 21st. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $118.11.

Deckers Outdoor Profile

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.