Deckers Outdoor Corporation $DECK Shares Acquired by OFI Invest Asset Management

Key Points

• OFI Invest Asset Management has increased its stake in Deckers Outdoor Corporation by 32.1% during the second quarter, now owning approximately 0.24% of the company worth $37.26 million.
• Deckers Outdoor reported strong earnings of $0.93 EPS for the last quarter, surpassing expectations and achieving a 16.9% increase in revenue compared to the same quarter last year.
• Several research analysts have raised their price targets for Deckers Outdoor, with UBS Group setting a target of $157.00, reflecting positive sentiment around the stock's future performance.

OFI Invest Asset Management increased its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 32.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 361,543 shares of the textile maker's stock after buying an additional 87,834 shares during the quarter. OFI Invest Asset Management owned about 0.24% of Deckers Outdoor worth $37,264,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. purchased a new position in Deckers Outdoor in the first quarter valued at about $34,000. Olde Wealth Management LLC purchased a new position in Deckers Outdoor in the first quarter valued at about $47,000. Cromwell Holdings LLC boosted its holdings in Deckers Outdoor by 4,766.7% in the second quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker's stock valued at $45,000 after purchasing an additional 429 shares during the last quarter. Banque Transatlantique SA purchased a new position in Deckers Outdoor in the first quarter valued at about $51,000. Finally, Costello Asset Management INC purchased a new position in Deckers Outdoor in the first quarter valued at about $78,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $118.02, for a total value of $35,406.00. Following the sale, the director directly owned 10,979 shares in the company, valued at $1,295,741.58. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Trading Down 3.7%

Shares of NYSE DECK opened at $95.23 on Friday. The company has a market cap of $14.13 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 3.63 and a beta of 1.05. Deckers Outdoor Corporation has a 12-month low of $93.72 and a 12-month high of $223.98. The stock's 50 day simple moving average is $109.65 and its 200 day simple moving average is $109.30.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DECK shares. UBS Group set a $157.00 price target on Deckers Outdoor and gave the company a "buy" rating in a report on Wednesday. Barclays increased their target price on Deckers Outdoor from $134.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Truist Financial increased their target price on Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Bank of America increased their target price on Deckers Outdoor from $120.00 to $122.00 and gave the stock a "neutral" rating in a report on Thursday, September 25th. Finally, Evercore ISI increased their target price on Deckers Outdoor from $110.00 to $115.00 and gave the stock an "in-line" rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Deckers Outdoor has an average rating of "Hold" and a consensus price target of $136.26.

Deckers Outdoor Company Profile

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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