Deckers Outdoor Corporation $DECK Shares Bought by CX Institutional

Key Points

• CX Institutional increased its Deckers Outdoor stake by 41% in the third quarter, acquiring 18,921 additional shares for a total holding of 65,089 shares valued at approximately $5.34 million.
• Institutional ownership remains very high at 97.79%, with major investors including BlackRock, UBS Asset Management, Bank of New York Mellon, Goldman Sachs and Amundi adding to their positions.
• Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $114.42. DECK opened at $79.22, while its latest quarterly results beat EPS estimates and revenue rose 5.7% year over year.

CX Institutional increased its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 41.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,089 shares of the textile maker's stock after acquiring an additional 18,921 shares during the period. CX Institutional's holdings in Deckers Outdoor were worth $5,343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Deckers Outdoor in the 2nd quarter worth $1,343,613,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Deckers Outdoor by 21.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,116,595 shares of the textile maker's stock valued at $210,157,000 after purchasing an additional 374,923 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Deckers Outdoor by 123.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker's stock valued at $180,464,000 after acquiring an additional 995,099 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Deckers Outdoor by 109.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,656,405 shares of the textile maker's stock valued at $171,720,000 after purchasing an additional 867,397 shares during the last quarter. Finally, Amundi grew its stake in Deckers Outdoor by 13.2% in the 1st quarter. Amundi now owns 1,611,174 shares of the textile maker's stock valued at $161,262,000 after buying an additional 187,702 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on DECK shares. BMO Capital Markets assumed coverage on Deckers Outdoor in a report on Tuesday, September 8th. They set an "underperform" rating and a $70.00 price target for the company. Needham & Company LLC reduced their price objective on Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Truist Financial decreased their price target on Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, July 24th. 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. Finally, UBS Group reiterated a "buy" rating on shares of Deckers Outdoor in a research report on Friday, September 11th. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $114.42.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $79.22 on Friday. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.24 and a beta of 1.12. Deckers Outdoor Corporation has a 52-week low of $77.20 and a 52-week high of $122.29. The firm's 50-day moving average is $87.57 and its 200-day moving average is $98.59.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Sell-side analysts predict that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

About Deckers Outdoor

Deckers Outdoor Corporation, doing business as Deckers Brands, is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual lifestyle products; HOKA, which develops performance running and outdoor footwear; and Teva, which offers outdoor and adventure sandals and footwear. The company also markets Koolaburra by UGG and other product lines.

Deckers sells its products through company-owned retail stores, e-commerce websites, wholesale accounts and selected distributors.

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