Deckers Outdoor Corporation $DECK Holdings Decreased by Legal & General Group Plc

Legal & General Group Plc trimmed its position in Deckers Outdoor Corporation (NYSE:DECKFree Report) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 750,891 shares of the textile maker’s stock after selling 66,923 shares during the quarter. Legal & General Group Plc owned approximately 0.53% of Deckers Outdoor worth $77,845,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Viking Global Investors LP bought a new position in Deckers Outdoor during the 3rd quarter worth $175,058,000. Northern Trust Corp grew its stake in Deckers Outdoor by 3.6% during the 3rd quarter. Northern Trust Corp now owns 1,721,542 shares of the textile maker’s stock worth $174,513,000 after buying an additional 60,029 shares during the last quarter. Wellington Management Group LLP grew its stake in Deckers Outdoor by 12.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,445,580 shares of the textile maker’s stock worth $146,538,000 after buying an additional 165,384 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Deckers Outdoor by 29.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,442,771 shares of the textile maker’s stock worth $146,254,000 after buying an additional 331,794 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in Deckers Outdoor by 9.2% during the 3rd quarter. TD Asset Management Inc now owns 1,378,343 shares of the textile maker’s stock worth $139,723,000 after buying an additional 116,310 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 $113.84 on Friday. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $126.50. The stock has a fifty day moving average of $103.16 and a two-hundred day moving average of $102.73. The firm has a market capitalization of $15.81 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14.

Deckers Outdoor (NYSE:DECKGet Free Report) last announced its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) 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 company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The firm’s quarterly 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. Equities research analysts predict that Deckers Outdoor Corporation will post 7.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

DECK has been the subject of a number of recent research reports. BTIG Research restated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 30th. Barclays restated an “overweight” rating and set a $141.00 price objective (down from $143.00) on shares of Deckers Outdoor in a research note on Tuesday. Raymond James Financial downgraded Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price objective for the company. in a research note on Thursday, April 23rd. Piper Sandler upgraded Deckers Outdoor from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $95.00 to $100.00 in a research note on Monday, May 18th. Finally, Wells Fargo & Company downgraded Deckers Outdoor from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $115.00 to $90.00 in a research note on Friday, May 8th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $121.11.

Get Our Latest Stock Report on Deckers Outdoor

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.

Further Reading

Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Corporation (NYSE:DECKFree Report).

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

Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.