Arrowstreet Capital Limited Partnership Sells 115,242 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Arrowstreet Capital slashed its Deckers Outdoor stake by 95.8% in the first quarter, selling 115,242 shares and retaining 5,009 shares valued at approximately $501,000.
• Institutional ownership remains high at 97.79%, while several other funds—including ProShare Advisors, Sumitomo Mitsui Trust and New York State Teachers Retirement System— increased their positions.
• Deckers beat quarterly earnings expectations with $0.94 in EPS versus $0.88 expected, while revenue rose 5.7% year over year to $1.02 billion. Analysts maintain a consensus “Hold” rating with an average price target of $117.16.

Arrowstreet Capital Limited Partnership decreased its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 95.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,009 shares of the textile maker's stock after selling 115,242 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in Deckers Outdoor were worth $501,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the business. ProShare Advisors LLC increased its holdings in Deckers Outdoor by 52.5% during the fourth quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker's stock valued at $4,356,000 after buying an additional 14,470 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Deckers Outdoor by 5.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 385,983 shares of the textile maker's stock worth $40,015,000 after buying an additional 18,766 shares during the period. Revolve Wealth Partners LLC purchased a new position in Deckers Outdoor in the 4th quarter worth $247,000. New York State Teachers Retirement System lifted its position in Deckers Outdoor by 21.1% during the 4th quarter. New York State Teachers Retirement System now owns 141,272 shares of the textile maker's stock worth $14,646,000 after acquiring an additional 24,608 shares during the period. Finally, LBP AM SA lifted its holdings in shares of Deckers Outdoor by 43.8% during the fourth quarter. LBP AM SA now owns 117,636 shares of the textile maker's stock worth $12,195,000 after purchasing an additional 35,824 shares during the period. Institutional investors own 97.79% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays set a $133.00 target price on shares of Deckers Outdoor and gave the company an "overweight" rating in a report on Friday, July 24th. Argus set a $128.00 price target on shares of Deckers Outdoor in a research note on Friday, May 29th. UBS Group restated a "buy" rating on shares of Deckers Outdoor in a report on Friday, July 24th. Sanford C. Bernstein restated a "market perform" rating and set a $105.00 price target on shares of Deckers Outdoor in a report on Friday, May 22nd. Finally, KeyCorp restated a "sector weight" rating on shares of Deckers Outdoor in a report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $117.16.

Deckers Outdoor Stock Down 0.4%

Shares of DECK opened at $97.47 on Friday. The stock has a 50 day moving average price of $104.93 and a 200 day moving average price of $105.74. The company has a market capitalization of $13.27 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $125.45.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly 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. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. Deckers Outdoor's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, equities analysts anticipate that Deckers Outdoor Corporation will post 7.49 EPS 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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