Deckers Outdoor Corporation $DECK Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in Deckers Outdoor Corporation by 24.3% in Q2. Other institutional investors like Vanguard and Geode Capital increased their holdings. Deckers reported strong earnings, with a net margin of 19.47% and a return on equity of 40.54%. The stock's performance and insider trading activities were also highlighted, with analysts adjusting price targets.

New York State Common Retirement Fund reduced its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 24.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,735 shares of the textile maker's stock after selling 31,421 shares during the period. New York State Common Retirement Fund owned 0.07% of Deckers Outdoor worth $10,074,000 as of its most recent SEC filing.

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Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Deckers Outdoor by 0.6% during the first quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker's stock worth $1,984,339,000 after buying an additional 107,635 shares in the last quarter. Geode Capital Management LLC grew its holdings in Deckers Outdoor by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker's stock valued at $454,662,000 after buying an additional 114,779 shares in the last quarter. Norges Bank acquired a new stake in shares of Deckers Outdoor in the 2nd quarter worth $223,036,000. Northern Trust Corp raised its holdings in shares of Deckers Outdoor by 6.2% during the 1st quarter. Northern Trust Corp now owns 1,680,558 shares of the textile maker's stock worth $187,903,000 after acquiring an additional 98,856 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Deckers Outdoor by 6.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,520,461 shares of the textile maker's stock worth $170,003,000 after acquiring an additional 97,312 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

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Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $96.18 on Friday. The company's 50 day simple moving average is $91.26 and its 200-day simple moving average is $102.68. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $223.98. The company has a market capitalization of $14.02 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 4.28 and a beta of 1.19.

Deckers Stock Recovers on Strong Earnings—More Upside Ahead?

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The textile maker reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.58 by $0.24. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same quarter last year, the company posted $1.59 EPS. The firm's quarterly revenue was up 9.1% on a year-over-year basis. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. Equities analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the transaction, the director directly owned 10,979 shares in the company, valued at $1,295,741.58. This trade represents a 2.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Angela Ogbechie sold 1,460 shares of Deckers Outdoor stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $81.45, for a total value of $118,917.00. Following the completion of the transaction, the insider directly owned 34,020 shares of the company's stock, valued at approximately $2,770,929. This represents a 4.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

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A number of brokerages recently issued reports on DECK. TD Cowen dropped their price objective on shares of Deckers Outdoor from $125.00 to $124.00 and set a "buy" rating for the company in a report on Friday, October 24th. Citigroup dropped their price target on shares of Deckers Outdoor from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, October 24th. Weiss Ratings restated a "hold (c)" rating on shares of Deckers Outdoor in a report on Wednesday, October 8th. Truist Financial set a $105.00 price target on shares of Deckers Outdoor and gave the company a "buy" rating in a research report on Friday, October 24th. Finally, Jefferies Financial Group lowered their price objective on Deckers Outdoor from $114.00 to $107.00 and set a "hold" rating for the company in a research report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $117.58.

View Our Latest Report on DECK

Deckers Outdoor Company Profile

(Free Report)

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.

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