Bank of America Corp DE Trims Position in Deckers Outdoor Corporation $DECK

Key Points

• Bank of America reduced its Deckers Outdoor stake by 21.6% in the first quarter, selling 158,889 shares and retaining 576,756 shares valued at approximately $57.7 million. Institutional investors collectively own 97.79% of the company.
• Analyst sentiment remains mixed, with nine Buy, 13 Hold, and two Sell ratings, resulting in an overall Hold consensus and an average price target of $117.16.
• Deckers exceeded quarterly EPS expectations, reporting $0.94 versus the $0.88 consensus, while revenue rose 5.7% year over year to $1.02 billion. However, the stock opened at $93.78, below both its 50-day and 200-day moving averages.

Bank of America Corp DE trimmed its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 21.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 576,756 shares of the textile maker's stock after selling 158,889 shares during the quarter. Bank of America Corp DE owned approximately 0.41% of Deckers Outdoor worth $57,728,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Revolve Wealth Partners LLC bought a new stake in Deckers Outdoor during the 4th quarter worth approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 in the last quarter. Empowered Funds LLC grew its position 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 in the last quarter. Focus Partners Wealth increased its holdings in shares of 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 period. Finally, Marshall Wace LLP increased its holdings in shares of Deckers Outdoor by 163.2% in the second quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker's stock worth $1,062,000 after purchasing an additional 6,391 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Raymond James Financial lowered Deckers Outdoor from a "strong-buy" rating to an "outperform" rating and set a $133.00 price objective for the company. in a research note on Thursday, April 23rd. Stifel Nicolaus set a $133.00 target price on Deckers Outdoor and gave the stock a "buy" rating in a research note on Friday, July 24th. KeyCorp reaffirmed a "sector weight" rating on shares of Deckers Outdoor in a report on Friday, July 24th. KGI Securities downgraded Deckers Outdoor from an "outperform" rating to a "neutral" rating and set a $117.00 price target for the company. in a research report on Friday, May 22nd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Deckers Outdoor in a report on Friday, July 17th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $117.16.

Deckers Outdoor News Summary

Here are the key news stories impacting Deckers Outdoor this week:

• Positive Sentiment: A hammer chart pattern suggests that DECK may have found technical support after its recent weakness. Zacks said the pattern, combined with upward earnings-estimate revisions, could signal a near-term trend reversal. Deckers Could Find a Support Soon
• Positive Sentiment: Zacks Research raised its EPS forecasts for Deckers’ third quarter of fiscal 2027 to $3.69 from $3.61, fourth quarter to $1.09 from $1.05, fiscal 2027 to $7.49 from $7.45, fiscal 2028 to $8.38 from $8.26, and fiscal 2029 to $9.43 from $9.31. The upward revisions suggest improving expectations for the company’s longer-term earnings power. Deckers Outdoor Analyst Estimates
• Positive Sentiment: The Q4 fiscal 2028 EPS estimate was also increased to $1.32 from $1.25, reinforcing the favorable longer-term revision trend. Deckers Outdoor Earnings Estimates
• Neutral Sentiment: Despite the improved forecasts, Zacks Research maintained a Hold rating on Deckers Outdoor. The current-year consensus remains $7.49 EPS, suggesting analysts see potential but not enough evidence yet to issue a stronger recommendation.
• Neutral Sentiment: A separate Zacks report characterized DECK as a strong growth stock based on its Zacks Style Scores, offering a supportive fundamental backdrop but no new company-specific operating announcement. Why Deckers Is a Strong Growth Stock
• Negative Sentiment: Zacks trimmed its Q1 fiscal 2028 EPS estimate slightly to $1.03 from $1.04. While immaterial in size, the reduction indicates that near-term results may remain uneven.

Deckers Outdoor Stock Down 3.8%

DECK opened at $93.78 on Wednesday. The business's fifty day simple moving average is $104.32 and its 200 day simple moving average is $105.72. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $125.45. The stock has a market cap of $12.77 billion, a PE ratio of 13.30, a P/E/G ratio of 1.81 and a beta of 1.17.

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