Deckers Outdoor Corporation $DECK Shares Purchased by Royal Bank of Canada

Royal Bank of Canada raised its stake in shares of Deckers Outdoor Corporation (NYSE:DECKFree Report) by 45.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,043,141 shares of the textile maker’s stock after acquiring an additional 326,231 shares during the quarter. Royal Bank of Canada’s holdings in Deckers Outdoor were worth $104,410,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its position in shares of Deckers Outdoor by 374.1% in the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock worth $326,531,000 after purchasing an additional 2,485,338 shares during the last quarter. Invesco Ltd. grew its stake in Deckers Outdoor by 0.5% in the fourth quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker’s stock worth $285,380,000 after purchasing an additional 12,350 shares in the last quarter. AQR Capital Management LLC increased its holdings in Deckers Outdoor by 340.5% in the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after buying an additional 2,035,517 shares during the last quarter. Norges Bank acquired a new stake in Deckers Outdoor during the fourth quarter valued at approximately $252,729,000. Finally, Bank of New York Mellon Corp lifted its holdings in Deckers Outdoor by 123.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker’s stock worth $180,464,000 after buying an additional 995,099 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DECK. Argus set a $128.00 target price on Deckers Outdoor in a research report on Friday, May 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a research report on Friday, July 17th. Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. KGI Securities downgraded shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective for the company. in a report on Friday, May 22nd. Finally, Raymond James Financial lowered shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price for the company. in a research note on Thursday, April 23rd. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor presently has an average rating of “Hold” and an average target price of $117.16.

Check Out Our Latest Analysis on Deckers Outdoor

Deckers Outdoor Stock Down 2.7%

Shares of NYSE DECK opened at $96.97 on Friday. The firm’s 50-day moving average price is $106.25 and its two-hundred day moving average price is $105.84. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $125.45. The stock has a market capitalization of $13.21 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.86 and a beta of 1.17.

Deckers Outdoor (NYSE:DECKGet Free Report) last posted its earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, equities research analysts expect that Deckers Outdoor Corporation will post 7.49 earnings per share for the current year.

Deckers Outdoor Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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