Assenagon Asset Management S.A. Decreases Stake in Deckers Outdoor Corporation $DECK

Key Points

• Assenagon Asset Management reduced its Deckers Outdoor stake by 45.4% in the second quarter, selling 344,350 shares and retaining 413,826 shares valued at approximately $41.1 million.
• Institutional ownership remains very high at 97.79%, despite Assenagon’s reduction; several major funds, including Federated Hermes, AQR Capital Management and Marshall Wace, significantly increased their positions.
• Deckers beat quarterly EPS expectations, reporting $0.94 versus the $0.88 consensus, 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.

Assenagon Asset Management S.A. cut its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 45.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 413,826 shares of the textile maker's stock after selling 344,350 shares during the quarter. Assenagon Asset Management S.A. owned about 0.30% of Deckers Outdoor worth $41,089,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DECK. Federated Hermes Inc. lifted its position in shares of Deckers Outdoor by 374.1% during the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker's stock valued at $326,531,000 after acquiring an additional 2,485,338 shares during the period. Norges Bank purchased a new stake in Deckers Outdoor during the fourth quarter worth $252,729,000. AQR Capital Management LLC boosted its position in Deckers Outdoor by 340.5% during the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker's stock worth $273,000,000 after purchasing an additional 2,035,517 shares in the last quarter. Viking Global Investors LP acquired a new stake in Deckers Outdoor in the third quarter valued at $175,058,000. Finally, Marshall Wace LLP grew its holdings in Deckers Outdoor by 5,324.4% in the fourth quarter. Marshall Wace LLP now owns 1,498,106 shares of the textile maker's stock valued at $155,309,000 after purchasing an additional 1,470,488 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Trading Down 0.4%

NYSE:DECK opened at $97.47 on Friday. The firm has a market cap of $13.27 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.81 and a beta of 1.17. The company's 50-day moving average is $104.93 and its two-hundred day moving average is $105.74. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $125.45.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period last year, the company earned $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 7.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DECK. Truist Financial cut their price target on Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, July 24th. KGI Securities downgraded shares of Deckers Outdoor from an "outperform" rating to a "neutral" rating and set a $117.00 target price for the company. in a report on Friday, May 22nd. UBS Group restated a "buy" rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Telsey Advisory Group reduced their price target on shares of Deckers Outdoor from $113.00 to $105.00 and set a "market perform" rating on the stock in a report on Friday, July 24th. Finally, Barclays set a $133.00 price target on shares of Deckers Outdoor and gave the company an "overweight" rating in a research report on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $117.16.

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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