MGO One Seven LLC Lowers Stock Holdings in Deckers Outdoor Corporation $DECK

Key Points

• MGO One Seven LLC reduced its holdings in Deckers Outdoor Corporation by 60.2%, selling 5,884 shares and leaving them with a total of 3,890 shares valued at approximately $401,000.
• Deckers Outdoor reported earnings per share of $0.93, surpassing analysts' expectations of $0.68, with revenue of $964.54 million for the quarter, which is a year-over-year increase of 16.9%.
• Several analysts have boosted their price targets for Deckers Outdoor, with projections ranging from $128.00 to $157.00, reflecting a generally positive outlook on the stock.

MGO One Seven LLC lowered its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 60.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,890 shares of the textile maker's stock after selling 5,884 shares during the period. MGO One Seven LLC's holdings in Deckers Outdoor were worth $401,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of DECK. Marks Group Wealth Management Inc lifted its position in Deckers Outdoor by 15.4% in the 1st quarter. Marks Group Wealth Management Inc now owns 62,902 shares of the textile maker's stock worth $7,033,000 after buying an additional 8,410 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Deckers Outdoor by 17.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock worth $1,997,000 after acquiring an additional 2,706 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Deckers Outdoor by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker's stock worth $116,310,000 after acquiring an additional 39,211 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Deckers Outdoor by 17.7% in the 1st quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock valued at $65,716,000 after purchasing an additional 88,179 shares in the last quarter. Finally, Jump Financial LLC boosted its stake in shares of Deckers Outdoor by 5,481.7% in the 1st quarter. Jump Financial LLC now owns 156,568 shares of the textile maker's stock valued at $17,506,000 after purchasing an additional 153,763 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

NYSE DECK opened at $99.89 on Friday. The stock has a market cap of $14.82 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 3.82 and a beta of 1.05. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The stock has a 50 day simple moving average of $109.12 and a two-hundred day simple moving average of $108.75.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. The company 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 firm's revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Sell-side analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Needham & Company LLC reissued a "buy" rating and issued a $128.00 price target (up from $120.00) on shares of Deckers Outdoor in a research note on Wednesday, July 23rd. Raymond James Financial boosted their target price on Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. Truist Financial raised their price target on Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. UBS Group set a $157.00 price objective on Deckers Outdoor and gave the company a "buy" rating in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Deckers Outdoor from a "hold" rating to a "strong-buy" rating in a report on Friday, October 10th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $136.00.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the transaction, the director owned 10,979 shares in the company, valued at $1,295,741.58. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.40% of the company's stock.

Deckers Outdoor Company Profile

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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