Ancora Advisors LLC Cuts Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Ancora Advisors reduced its Deckers Outdoor stake by 27.5% in the second quarter, selling 19,400 shares and retaining 51,042 shares valued at approximately $5.1 million.
• Deckers shares fell 3.0% to $84.51, near the lower end of their 12-month range. The company reported quarterly EPS of $0.94, beating estimates, while revenue rose 5.7% year over year to $1.02 billion.
• Analyst sentiment is mixed, with nine Buy, thirteen Hold, and two Sell ratings; the stock carries an overall “Hold” rating and an average price target of $117.16.

Ancora Advisors LLC cut its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 27.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,042 shares of the textile maker's stock after selling 19,400 shares during the period. Ancora Advisors LLC's holdings in Deckers Outdoor were worth $5,068,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Deckers Outdoor by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker's stock valued at $1,858,000 after purchasing an additional 522 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Deckers Outdoor by 165.6% during the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker's stock valued at $1,145,000 after purchasing an additional 6,384 shares during the last quarter. Focus Partners Wealth lifted its stake in Deckers Outdoor by 8.1% in the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker's stock worth $773,000 after purchasing an additional 521 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in Deckers Outdoor by 163.2% during the second quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker's stock valued at $1,062,000 after buying an additional 6,391 shares during the period. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Trading Down 3.0%

Shares of NYSE DECK opened at $84.51 on Wednesday. The firm has a fifty day simple moving average of $98.37 and a two-hundred day simple moving average of $103.69. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $125.45. The firm has a market capitalization of $11.51 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results 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. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The company'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, sell-side analysts predict that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Robert W. Baird reduced their price objective 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. UBS Group restated a "buy" rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Stifel Nicolaus set a $133.00 target price on shares of Deckers Outdoor and gave the stock a "buy" rating in a research note on Friday, July 24th. Piper Sandler reiterated a "neutral" rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Finally, Barclays set a $133.00 price target on shares of Deckers Outdoor and gave the company an "overweight" rating in a report on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Deckers Outdoor currently has an average rating of "Hold" and an average price target of $117.16.

About Deckers Outdoor

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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