Northwestern Mutual Wealth Management Co. lowered its position in Deckers Outdoor Corporation (NYSE:DECK – Free Report) by 10.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,247 shares of the textile maker’s stock after selling 7,617 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Deckers Outdoor were worth $6,181,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of DECK. BlackRock Inc. acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at $1,343,613,000. Federated Hermes Inc. grew its position in Deckers Outdoor by 374.1% during 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. Norges Bank purchased a new position in Deckers Outdoor during the 4th quarter worth $252,729,000. AQR Capital Management LLC increased its stake 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 purchasing an additional 2,035,517 shares during the period. Finally, Viking Global Investors LP acquired a new position in Deckers Outdoor in the third quarter valued at $175,058,000. 97.79% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on DECK shares. UBS Group reiterated a “buy” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Argus set a $128.00 price target on Deckers Outdoor in a research report on Friday, May 29th. Barclays set a $133.00 price objective on Deckers Outdoor and gave the company an “overweight” rating in a research note on Friday, July 24th. KeyCorp reiterated a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Finally, Robert W. Baird lowered their target price on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor currently has an average rating of “Hold” and an average price target of $117.16.
Deckers Outdoor Stock Up 0.7%
NYSE DECK opened at $84.32 on Friday. The stock has a market capitalization of $11.48 billion, a P/E ratio of 11.96, a P/E/G ratio of 1.30 and a beta of 1.15. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $124.88. The firm has a 50-day moving average price of $97.56 and a 200 day moving average price of $103.24.
Deckers Outdoor (NYSE:DECK – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The company 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 firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, equities research analysts expect that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.
Deckers Outdoor Company Profile
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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