New York State Teachers Retirement System Lowers Holdings in Deckers Outdoor Corporation $DECK

Key Points

• The New York State Teachers Retirement System reduced its holdings in Deckers Outdoor Corporation by 4.3% in the second quarter, owning approximately 0.09% of the company valued at $14.5 million after selling 6,353 shares.
• Several institutional investors, including Mutual Advisors LLC and TD Asset Management Inc, have increased their stakes in Deckers Outdoor, indicating a strong interest from the investment community.
• Analysts have raised price targets for Deckers Outdoor, with Barclays setting a new target of $141 and Zacks upgrading the stock to a "strong-buy" rating, suggesting positive sentiment on future performance.

New York State Teachers Retirement System lessened its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 4.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 141,136 shares of the textile maker's stock after selling 6,353 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Deckers Outdoor worth $14,547,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DECK. Mutual Advisors LLC boosted its holdings in Deckers Outdoor by 38.6% in the 2nd quarter. Mutual Advisors LLC now owns 4,907 shares of the textile maker's stock valued at $506,000 after purchasing an additional 1,366 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Deckers Outdoor by 15.1% in the 2nd quarter. TD Asset Management Inc now owns 1,262,033 shares of the textile maker's stock valued at $130,078,000 after buying an additional 165,881 shares during the period. Moran Wealth Management LLC boosted its stake in shares of Deckers Outdoor by 55.6% in the second quarter. Moran Wealth Management LLC now owns 103,964 shares of the textile maker's stock valued at $10,716,000 after buying an additional 37,156 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Deckers Outdoor by 71.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,686 shares of the textile maker's stock valued at $1,823,000 after buying an additional 7,394 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Deckers Outdoor by 31.8% during the second quarter. Sequoia Financial Advisors LLC now owns 4,789 shares of the textile maker's stock worth $494,000 after acquiring an additional 1,155 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Barclays upped their price target on shares of Deckers Outdoor from $134.00 to $141.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Bank of America lifted their price target on shares of Deckers Outdoor from $120.00 to $122.00 and gave the company a "neutral" rating in a research report on Thursday, September 25th. Zacks Research upgraded Deckers Outdoor from a "hold" rating to a "strong-buy" rating in a report on Friday, October 10th. UBS Group set a $157.00 price objective on Deckers Outdoor and gave the company a "buy" rating in a research note on Wednesday, October 8th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $120.00 target price on shares of Deckers Outdoor in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Deckers Outdoor presently has an average rating of "Moderate Buy" and an average target price of $136.00.

Insider Activity

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the sale, the director directly owned 10,979 shares in the company, valued at approximately $1,295,741.58. This trade represents a 2.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Up 0.8%

DECK stock opened at $99.89 on Friday. The stock has a market capitalization of $14.82 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 3.82 and a beta of 1.05. Deckers Outdoor Corporation has a 52-week low of $93.72 and a 52-week high of $223.98. The stock's fifty day simple moving average is $109.12 and its 200-day simple moving average is $108.75.

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

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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