Thornburg Investment Management Inc. Raises Stock Holdings in Deckers Outdoor Corporation $DECK

Thornburg Investment Management Inc. boosted its position in shares of Deckers Outdoor Corporation (NYSE:DECKFree Report) by 17.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,841 shares of the textile maker’s stock after buying an additional 8,952 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Deckers Outdoor were worth $5,942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DECK. Danske Bank A S purchased a new stake in shares of Deckers Outdoor in the 2nd quarter worth $46,235,000. Private Wealth Advisors LLC bought a new stake in Deckers Outdoor during the second quarter valued at about $4,634,000. ProShare Advisors LLC increased its position in Deckers Outdoor by 52.5% in the fourth quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker’s stock worth $4,356,000 after buying an additional 14,470 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Deckers Outdoor in the second quarter worth about $1,870,000. Finally, Revolve Wealth Partners LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth about $247,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Up 1.8%

DECK opened at $87.90 on Friday. The business has a fifty day moving average of $99.12 and a 200 day moving average of $104.18. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $125.45. The stock has a market cap of $11.97 billion, a P/E ratio of 12.47, a PEG ratio of 1.63 and a beta of 1.17.

Deckers Outdoor (NYSE:DECKGet Free Report) last released its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $1.02 billion for 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 quarter last year, the firm posted $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities analysts anticipate that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a research note on Friday, July 17th. Robert W. Baird lowered their target price on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Wells Fargo & Company reiterated an “underweight” rating and issued a $85.00 price target on shares of Deckers Outdoor in a research note on Friday, July 24th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $105.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 22nd. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $117.16.

Check Out Our Latest Analysis on Deckers Outdoor

About Deckers Outdoor

(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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