Deckers Outdoor Corporation $DECK Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC has reduced its holdings in Deckers Outdoor Corporation by 73.2%, now owning approximately 0.08% of the company valued at $12.7 million.
• Recent analyst reports have set price targets for Deckers Outdoor, with UBS Group at $157.00 and Bank of America increasing theirs to $122.00, indicating a generally positive outlook for the stock.
• Deckers Outdoor reported strong earnings, with an EPS of $0.93 for the quarter, surpassing estimates, and revenue increase of 16.9% year-over-year.

Allspring Global Investments Holdings LLC lessened its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 73.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 120,378 shares of the textile maker's stock after selling 328,819 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.08% of Deckers Outdoor worth $12,688,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Mountain Hill Investment Partners Corp. acquired a new position in shares of Deckers Outdoor in the 1st quarter valued at $34,000. Cromwell Holdings LLC increased its holdings in Deckers Outdoor by 4,766.7% during the 2nd quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker's stock worth $45,000 after purchasing an additional 429 shares during the period. Olde Wealth Management LLC purchased a new stake in Deckers Outdoor during the 1st quarter worth about $47,000. Banque Transatlantique SA purchased a new stake in Deckers Outdoor during the 1st quarter worth about $51,000. Finally, Costello Asset Management INC acquired a new position in shares of Deckers Outdoor during the 1st quarter worth about $78,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Insiders Place Their Bets

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 completion of the transaction, the director directly owned 10,979 shares of the company's stock, valued at $1,295,741.58. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on DECK shares. UBS Group set a $157.00 price objective on Deckers Outdoor and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Bank of America increased their price objective on Deckers Outdoor from $120.00 to $122.00 and gave the stock a "neutral" rating in a research report on Thursday, September 25th. Barclays increased their price objective on Deckers Outdoor from $134.00 to $141.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. The Goldman Sachs Group decreased their price objective on Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating for the company in a research report on Tuesday, July 22nd. Finally, Sanford C. Bernstein initiated coverage on Deckers Outdoor in a research report on Thursday, September 18th. They set an "underperform" rating and a $100.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.00.

Deckers Outdoor Trading Up 0.8%

Shares of DECK stock opened at $99.89 on Friday. The company has a market cap of $14.82 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 3.79 and a beta of 1.05. The stock has a 50 day simple moving average of $109.12 and a 200-day simple moving average of $108.81. Deckers Outdoor Corporation has a 12-month low of $93.72 and a 12-month high of $223.98.

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

About Deckers Outdoor

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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