Deckers Outdoor Corporation $DECK Shares Purchased by Royal Bank of Canada

Key Points

• Royal Bank of Canada increased its Deckers Outdoor stake by 45.5% in the first quarter, adding 326,231 shares to own 1.04 million shares worth approximately $104.4 million. Institutional investors collectively hold 97.79% of the company.
• Analyst sentiment is mixed, with nine Buy, thirteen Hold and two Sell ratings; the consensus rating is Hold with a target price of $117.16.
• Deckers reported quarterly earnings of $0.94 per share, beating estimates by $0.06, while revenue rose 5.7% year over year to $1.02 billion. Shares opened at $96.97, below the company’s 12-month high of $125.45.

Royal Bank of Canada grew its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 45.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,043,141 shares of the textile maker's stock after buying an additional 326,231 shares during the quarter. Royal Bank of Canada owned 0.73% of Deckers Outdoor worth $104,410,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Federated Hermes Inc. raised its stake in shares of Deckers Outdoor by 374.1% in the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker's stock valued at $326,531,000 after acquiring an additional 2,485,338 shares during the period. Invesco Ltd. boosted its position in Deckers Outdoor by 0.5% during the 4th quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker's stock worth $285,380,000 after purchasing an additional 12,350 shares during the period. AQR Capital Management LLC boosted its position in Deckers Outdoor by 340.5% during the 4th quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker's stock worth $273,000,000 after purchasing an additional 2,035,517 shares during the period. Norges Bank acquired a new stake in Deckers Outdoor in the 4th quarter valued at $252,729,000. Finally, Bank of New York Mellon Corp increased its holdings in Deckers Outdoor by 123.2% in 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 purchasing an additional 995,099 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stifel Nicolaus set a $133.00 price objective on Deckers Outdoor and gave the stock a "buy" rating in a research note on Friday, July 24th. Telsey Advisory Group decreased their target price on Deckers Outdoor from $113.00 to $105.00 and set a "market perform" rating for the company in a research report on Friday, July 24th. KeyCorp reiterated a "sector weight" rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Barclays set a $133.00 target price on Deckers Outdoor and gave the company an "overweight" rating in a report on Friday, July 24th. Finally, Raymond James Financial lowered Deckers Outdoor from a "strong-buy" rating to an "outperform" rating and set a $133.00 price target on the stock. in a research report on Thursday, April 23rd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $117.16.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $96.97 on Friday. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $125.45. The firm has a market capitalization of $13.21 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.86 and a beta of 1.17. The company's fifty day moving average price is $106.25 and its two-hundred day moving average price is $105.84.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results 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. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm earned $0.93 earnings per share. The company's revenue was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, sell-side analysts anticipate that Deckers Outdoor Corporation will post 7.49 EPS for the current year.

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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