KBC Group NV Grows Holdings in Deckers Outdoor Corporation $DECK

KBC Group NV lifted its stake in Deckers Outdoor Corporation (NYSE:DECK) by 645.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 160,998 shares of the textile maker’s stock after acquiring an additional 139,409 shares during the quarter. KBC Group NV’s holdings in Deckers Outdoor were worth $16,594,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DECK. CVA Family Office LLC boosted its position in shares of Deckers Outdoor by 137.4% during the second quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock worth $32,000 after buying an additional 180 shares during the period. Cromwell Holdings LLC lifted its stake in Deckers Outdoor by 4,766.7% during the 2nd quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock worth $45,000 after acquiring an additional 429 shares in the last quarter. Banque Transatlantique SA purchased a new position in Deckers Outdoor during the 1st quarter valued at about $51,000. Costello Asset Management INC acquired a new position in Deckers Outdoor in the 1st quarter valued at about $78,000. Finally, Whittier Trust Co. increased its stake in Deckers Outdoor by 187.3% during the second quarter. Whittier Trust Co. now owns 767 shares of the textile maker’s stock worth $79,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $83.08 on Friday. The business has a 50-day moving average of $99.83 and a two-hundred day moving average of $106.14. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 3.79 and a beta of 1.10. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $223.98.

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

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $81.45, for a total transaction of $118,917.00. Following the sale, the insider owned 34,020 shares of the company’s stock, valued at approximately $2,770,929. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the sale, the director owned 10,979 shares of the company’s stock, valued at $1,295,741.58. This represents a 2.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Cowen reissued a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 24th. TD Cowen reduced their target price on shares of Deckers Outdoor from $125.00 to $124.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Telsey Advisory Group dropped their price target on shares of Deckers Outdoor from $120.00 to $105.00 and set a “market perform” rating for the company in a research note on Friday, October 24th. Needham & Company LLC cut their price objective on Deckers Outdoor from $128.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $118.11.

About Deckers Outdoor

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.