Bank of New York Mellon Corp Takes Position in Deckers Outdoor Corporation $DECK

Key Points

• Bank of New York Mellon acquired 1.72 million Deckers Outdoor shares worth approximately $170.9 million, representing about 1.26% of the company. Institutional investors collectively own 97.79% of Deckers’ stock.
• Deckers reported quarterly EPS of $0.94, beating estimates of $0.88, while revenue reached $1.02 billion and rose 5.7% year over year. Shares opened at $91.50, near the lower end of their 12-month range.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $117.16; recent targets range from $85 to $125.

Bank of New York Mellon Corp bought a new position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 1,721,268 shares of the textile maker's stock, valued at approximately $170,905,000. Bank of New York Mellon Corp owned approximately 1.26% of Deckers Outdoor as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Deckers Outdoor in the 2nd quarter worth about $484,000. State of Wyoming bought a new position in shares of Deckers Outdoor in the second quarter valued at approximately $63,000. GSA Capital Partners LLP bought a new position in shares of Deckers Outdoor in the second quarter valued at approximately $1,870,000. TFR Capital LLC. purchased a new position in shares of Deckers Outdoor during the second quarter valued at approximately $357,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Deckers Outdoor during the second quarter worth $217,000. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Trading Up 3.0%

Shares of Deckers Outdoor stock opened at $91.50 on Friday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $125.45. The company has a market cap of $12.46 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.71 and a beta of 1.17. The company's 50-day moving average price is $101.17 and its 200-day moving average price is $105.04.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its 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. The business had revenue of $1.02 billion for 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%. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. 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.

Analysts Set New Price Targets

DECK has been the topic of a number of research analyst reports. KGI Securities downgraded Deckers Outdoor from an "outperform" rating to a "neutral" rating and set a $117.00 target price on the stock. in a research note on Friday, May 22nd. KeyCorp reiterated a "sector weight" rating on shares of Deckers Outdoor in a report on Friday, July 24th. Truist Financial cut their price objective on Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Wells Fargo & Company restated an "underweight" rating and issued a $85.00 price objective on shares of Deckers Outdoor in a research note on Friday, July 24th. Finally, Needham & Company LLC decreased their target price on Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price 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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