750,881 Shares in Deckers Outdoor Corporation $DECK Purchased by Bank of America Corp DE

Key Points

• Bank of America acquired 750,881 shares of Deckers Outdoor in the second quarter, valued at approximately $74.6 million and representing about 0.55% of the company. Institutional investors collectively own 97.79% of Deckers’ shares.
• Deckers reported quarterly EPS of $0.94, exceeding estimates of $0.88, while revenue rose 5.7% year over year to $1.02 billion.
• The stock opened at $78.47, near its 52-week low, while analysts maintain a consensus “Hold” rating and an average price target of $114.80.

Bank of America Corp DE acquired a new position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 750,881 shares of the textile maker's stock, valued at approximately $74,555,000. Bank of America Corp DE owned approximately 0.55% of Deckers Outdoor as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caisse de depot et placement du Quebec bought a new position in Deckers Outdoor in the 2nd quarter valued at $119,656,000. Man Group plc purchased a new position in shares of Deckers Outdoor in the 2nd quarter worth about $82,448,000. Roberts Glore & Co. Inc. IL purchased a new position in shares of Deckers Outdoor in the 2nd quarter worth about $534,000. Jupiter Topco LLC bought a new position in Deckers Outdoor during the second quarter valued at about $1,983,000. Finally, Hsbc Holdings PLC bought a new position in Deckers Outdoor during the second quarter valued at about $73,623,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Trading Down 1.6%

Deckers Outdoor stock opened at $78.47 on Friday. Deckers Outdoor Corporation has a 1-year low of $77.36 and a 1-year high of $122.29. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 1.22 and a beta of 1.15. The firm has a 50 day simple moving average of $92.58 and a 200 day simple moving average of $100.47.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company posted $0.93 EPS. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, equities research analysts forecast that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

Wall Street Analyst Weigh In

DECK has been the subject of several research analyst reports. Argus set a $128.00 price target on shares of Deckers Outdoor in a research note on Friday, May 29th. Needham & Company LLC dropped their price objective on Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. UBS Group reissued a "buy" rating on shares of Deckers Outdoor in a report on Friday, September 11th. Stifel Nicolaus set a $133.00 price objective on Deckers Outdoor and gave the company a "buy" rating in a report on Friday, July 24th. Finally, Wells Fargo & Company reissued an "underweight" rating and issued a $85.00 target price on shares of Deckers Outdoor in a research report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Deckers Outdoor has an average rating of "Hold" and a consensus price target of $114.80.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation NYSE: DECK designs, markets and distributes branded footwear, apparel and accessories. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, a performance and lifestyle footwear brand; Teva, which specializes in outdoor and adventure sandals and footwear; and Koolaburra by UGG, which offers accessible casual footwear and related products.

The company sells its products through department and specialty stores, independent retailers, digital commerce platforms and its own brand websites and retail stores.

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