Assenagon Asset Management S.A. Trims Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Assenagon Asset Management S.A. significantly reduced its holdings in Deckers Outdoor Corporation by 88.1% in Q2, selling over 427,000 shares and retaining approximately 57,929 shares worth $5.97 million.
• Deckers Outdoor reported strong Q2 earnings with $0.93 EPS, surpassing estimates of $0.68, and a revenue of $964.54 million, reflecting a 16.9% year-over-year increase.
• Analysts have a mixed outlook on Deckers Outdoor, with recent target price adjustments ranging from $114 to $141, and an average rating of "Hold".

Assenagon Asset Management S.A. reduced its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 88.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,929 shares of the textile maker's stock after selling 427,138 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Deckers Outdoor were worth $5,971,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. purchased a new position in shares of Deckers Outdoor during the 1st quarter valued at approximately $34,000. Olde Wealth Management LLC purchased a new position in shares of Deckers Outdoor during the 1st quarter valued at approximately $47,000. Banque Transatlantique SA purchased a new position in shares of Deckers Outdoor during the 1st quarter valued at approximately $51,000. Costello Asset Management INC purchased a new position in shares of Deckers Outdoor during the 1st quarter valued at approximately $78,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Deckers Outdoor by 23.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 822 shares of the textile maker's stock valued at $85,000 after buying an additional 158 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

Shares of DECK opened at $112.07 on Wednesday. The firm has a market capitalization of $16.62 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 4.27 and a beta of 1.05. Deckers Outdoor Corporation has a one year low of $93.72 and a one year high of $223.98. The stock's fifty day moving average is $110.74 and its 200-day moving average is $110.82.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.25. The firm had revenue of $964.54 million for the quarter, compared to analyst estimates of $901.45 million. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.Deckers Outdoor's revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the company earned $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor 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 transaction, the director directly owned 10,979 shares of the company's stock, valued at $1,295,741.58. The trade was a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barclays increased their target price on Deckers Outdoor from $134.00 to $141.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Needham & Company LLC restated a "buy" rating and set a $128.00 price objective (up from $120.00) on shares of Deckers Outdoor in a research note on Wednesday, July 23rd. Bank of America reduced their price objective on Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Telsey Advisory Group restated a "market perform" rating and set a $120.00 price objective on shares of Deckers Outdoor in a research note on Friday, July 25th. Finally, Argus began coverage on Deckers Outdoor in a research note on Friday, June 13th. They set a "hold" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $135.89.

About Deckers Outdoor

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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