Deckers Outdoor Corporation $DECK Shares Purchased by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Deckers Outdoor stake by 9,479.9% in the second quarter, acquiring more than 21.1 million shares and bringing its ownership to approximately 15.68%.
• Deckers reported quarterly EPS of $0.94, beating analyst expectations of $0.88, while revenue reached $1.02 billion and rose 5.7% year over year.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $114.80; shares opened at $81.39, near their 12-month low.

California State Teachers Retirement System lifted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 9,479.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,355,790 shares of the textile maker's stock after acquiring an additional 21,132,867 shares during the quarter. California State Teachers Retirement System owned about 15.68% of Deckers Outdoor worth $2,120,416,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DECK. Costello Asset Management INC lifted its holdings in Deckers Outdoor by 14.3% in the 1st quarter. Costello Asset Management INC now owns 800 shares of the textile maker's stock valued at $80,000 after acquiring an additional 100 shares during the last quarter. Rakuten Securities Inc. lifted its stake in Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker's stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Hilton Head Capital Partners LLC lifted its stake in Deckers Outdoor by 29.8% during the first quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker's stock valued at $44,000 after purchasing an additional 101 shares during the last quarter. GW Henssler & Associates Ltd. boosted its holdings in Deckers Outdoor by 5.8% during the fourth quarter. GW Henssler & Associates Ltd. now owns 2,159 shares of the textile maker's stock worth $224,000 after buying an additional 118 shares in the last quarter. Finally, Cim LLC boosted its holdings in Deckers Outdoor by 1.1% during the first quarter. Cim LLC now owns 12,207 shares of the textile maker's stock worth $1,222,000 after buying an additional 133 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Up 1.9%

DECK opened at $81.39 on Friday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $122.29. The stock's 50 day moving average price is $95.18 and its two-hundred day moving average price is $101.87. The firm has a market capitalization of $11.08 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 1.24 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 41.51% and a net margin of 18.54%.Deckers Outdoor's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Wall Street Analyst Weigh In

DECK has been the topic of several research reports. Robert W. Baird dropped their price target on Deckers Outdoor from $125.00 to $115.00 and set a "neutral" rating on the stock in a report on Friday, July 24th. Sanford C. Bernstein reissued a "market perform" rating and set a $105.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 22nd. BMO Capital Markets assumed coverage on Deckers Outdoor in a report on Tuesday. They issued an "underperform" rating and a $70.00 target price on the stock. KGI Securities lowered Deckers Outdoor from an "outperform" rating to a "neutral" rating and set a $117.00 target price on the stock. in a research report on Friday, May 22nd. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Deckers Outdoor in a report on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $114.80.

About Deckers Outdoor

Deckers Outdoor Corporation NYSE: DECK designs, markets and distributes branded footwear, apparel and accessories. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, a performance and lifestyle footwear brand; Teva, which specializes in outdoor and adventure sandals and footwear; and Koolaburra by UGG, which offers accessible casual footwear and related products.

The company sells its products through department and specialty stores, independent retailers, digital commerce platforms and its own brand websites and retail stores.

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