Deckers Outdoor Corporation $DECK Shares Bought by State of Alaska Department of Revenue

Key Points

• State of Alaska increased its Deckers Outdoor stake by 1,365.9% in the third quarter, acquiring 189,989 additional shares and ending with 203,898 shares valued at approximately $15.9 million.
• Institutional investors own 97.79% of Deckers Outdoor, with several other funds also increasing or initiating positions during the quarter.
• Analyst sentiment remains mixed, resulting in a consensus “Hold” rating and an average price target of $113.32, while the stock recently traded at $86.47.

State of Alaska Department of Revenue lifted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 1,365.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 203,898 shares of the textile maker's stock after purchasing an additional 189,989 shares during the quarter. State of Alaska Department of Revenue owned about 0.15% of Deckers Outdoor worth $15,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DECK. Curated Wealth Partners LLC bought a new stake in shares of Deckers Outdoor during the 3rd quarter worth about $604,000. HBW Advisory Services LLC lifted its stake in shares of Deckers Outdoor by 70.0% in the 3rd quarter. HBW Advisory Services LLC now owns 3,010 shares of the textile maker's stock worth $235,000 after acquiring an additional 1,239 shares during the period. Mather Group LLC. boosted its holdings in shares of Deckers Outdoor by 82.0% in the third quarter. Mather Group LLC. now owns 6,223 shares of the textile maker's stock valued at $486,000 after acquiring an additional 2,804 shares in the last quarter. Triumph Capital Management boosted its holdings in shares of Deckers Outdoor by 4,487.5% in the third quarter. Triumph Capital Management now owns 1,101 shares of the textile maker's stock valued at $86,000 after acquiring an additional 1,077 shares in the last quarter. Finally, Sanders Morris Harris LLC bought a new position in shares of Deckers Outdoor in the third quarter valued at approximately $563,000. 97.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DECK shares. BMO Capital Markets started coverage on shares of Deckers Outdoor in a research note on Tuesday, September 8th. They set an "underperform" rating and a $70.00 price objective on the stock. Wells Fargo & Company restated an "underweight" rating and issued a $85.00 target price on shares of Deckers Outdoor in a research report on Friday, July 24th. Truist Financial cut their target price on Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Weiss Ratings lowered Deckers Outdoor from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, September 3rd. Finally, Robert W. Baird decreased their price target on Deckers Outdoor from $125.00 to $115.00 and set a "neutral" rating for the company in a research note on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $113.32.

Deckers Outdoor Stock Performance

NYSE DECK traded up $3.65 on Thursday, reaching $86.47. The company's stock had a trading volume of 1,346,772 shares, compared to its average volume of 2,487,117. Deckers Outdoor Corporation has a twelve month low of $77.20 and a twelve month high of $122.29. The stock has a market cap of $11.78 billion, a PE ratio of 12.27, a PEG ratio of 1.30 and a beta of 1.12. The firm's 50 day moving average is $84.74 and its two-hundred day moving average is $97.49.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates 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% 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. Equities research analysts anticipate that Deckers Outdoor Corporation will post 7.50 EPS for the current fiscal year.

Deckers Outdoor Profile

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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