Narus Financial Partners LLC Sells 15,627 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Narus Financial Partners LLC reduced its stock holdings in Deckers Outdoor Corporation by 37% during the second quarter, now owning $2.75 million worth of shares.
• Deckers Outdoor reported a quarterly earnings per share (EPS) of $0.93, exceeding analyst estimates of $0.68, with revenue rising 16.9% compared to the previous year.
• Institutional investors and hedge funds own 97.79% of Deckers Outdoor's stock, reflecting strong interest from major financial entities in the company.

Narus Financial Partners LLC lessened its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 37.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,643 shares of the textile maker's stock after selling 15,627 shares during the quarter. Deckers Outdoor comprises about 0.9% of Narus Financial Partners LLC's holdings, making the stock its 16th largest holding. Narus Financial Partners LLC's holdings in Deckers Outdoor were worth $2,746,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mountain Hill Investment Partners Corp. purchased a new position in Deckers Outdoor in the first quarter valued at $34,000. Fourth Dimension Wealth LLC purchased a new position in Deckers Outdoor in the fourth quarter valued at $41,000. Olde Wealth Management LLC purchased a new position in Deckers Outdoor in the first quarter valued at $47,000. Banque Transatlantique SA purchased a new position in Deckers Outdoor in the first quarter valued at $51,000. Finally, Costello Asset Management INC purchased a new position in Deckers Outdoor in the first quarter valued at $78,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the sale, the director directly owned 10,979 shares in the company, valued at approximately $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Stock Down 0.4%

DECK stock traded down $0.48 during midday trading on Monday, reaching $113.32. The company had a trading volume of 2,414,025 shares, compared to its average volume of 2,585,676. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The firm has a market capitalization of $16.81 billion, a PE ratio of 17.38, a P/E/G ratio of 4.29 and a beta of 1.05. The stock has a 50 day moving average price of $110.41 and a 200 day moving average price of $110.81.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.25. The company had revenue of $964.54 million for the quarter, compared to analysts' expectations 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 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. Research analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DECK. UBS Group lifted their price target on Deckers Outdoor from $144.00 to $158.00 and gave the stock a "buy" rating in a report on Friday, July 25th. The Goldman Sachs Group decreased their price target on Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating for the company in a report on Tuesday, July 22nd. Wells Fargo & Company lifted their price target on Deckers Outdoor from $90.00 to $100.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Barclays lifted their price target on Deckers Outdoor from $134.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Finally, Sanford C. Bernstein began coverage on Deckers Outdoor in a report on Thursday. They set an "underperform" rating and a $100.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Deckers Outdoor currently has an average rating of "Hold" and an average target price of $135.89.

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.