Engineers Gate Manager LP Raises Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Engineers Gate Manager LP increased its Deckers Outdoor stake by 1,894.2% in the second quarter, bringing its holdings to 564,874 shares valued at approximately $56.1 million.
• Institutional ownership remains very high at 97.79%, with major investors including California State Teachers Retirement System, BlackRock, Federated Hermes, Norges Bank and AQR Capital Management adding or initiating positions.
• Deckers beat quarterly earnings expectations with $0.94 in EPS versus $0.88 projected, but analyst sentiment is mixed: the stock carries a consensus “Hold” rating and an average price target of $114.80, while shares recently traded near $82.52.

Engineers Gate Manager LP grew its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 1,894.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 564,874 shares of the textile maker's stock after buying an additional 536,548 shares during the period. Deckers Outdoor accounts for about 0.7% of Engineers Gate Manager LP's holdings, making the stock its 11th biggest holding. Engineers Gate Manager LP owned 0.41% of Deckers Outdoor worth $56,086,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DECK. California State Teachers Retirement System grew its stake in Deckers Outdoor by 9,479.9% during the 2nd quarter. California State Teachers Retirement System now owns 21,355,790 shares of the textile maker's stock valued at $2,120,416,000 after acquiring an additional 21,132,867 shares in the last quarter. BlackRock Inc. acquired a new stake in Deckers Outdoor in the 2nd quarter valued at about $1,343,613,000. Federated Hermes Inc. lifted its stake in Deckers Outdoor by 374.1% in the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker's stock worth $326,531,000 after purchasing an additional 2,485,338 shares in the last quarter. Norges Bank purchased a new position in Deckers Outdoor in the 4th quarter worth approximately $252,729,000. Finally, AQR Capital Management LLC boosted its holdings in shares of 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 last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

DECK stock opened at $82.52 on Wednesday. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $122.29. The firm has a market cap of $11.24 billion, a PE ratio of 11.70, a PEG ratio of 1.33 and a beta of 1.15. The firm's 50 day moving average price is $96.55 and its 200-day moving average price is $102.55.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping 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 return on equity of 41.51% and a net margin of 18.54%.The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities research analysts predict that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Sanford C. Bernstein restated a "market perform" rating and issued a $105.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. Truist Financial lowered their price objective on Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Robert W. Baird dropped their target price on Deckers Outdoor from $125.00 to $115.00 and set a "neutral" rating for the company in a report on Friday, July 24th. KGI Securities downgraded Deckers Outdoor from an "outperform" rating to a "neutral" rating and set a $117.00 target price for the company. in a research note on Friday, May 22nd. Finally, BMO Capital Markets began coverage on Deckers Outdoor in a research note on Tuesday. They issued an "underperform" rating and a $70.00 target price for the company. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Deckers Outdoor has a consensus rating of "Hold" and an average price target of $114.80.

Deckers Outdoor Company Profile

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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