Nissay Asset Management Corp Japan Sells 90,851 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Nissay Asset Management reduced its Deckers Outdoor stake by 54.8%, selling 90,851 shares in the second quarter and retaining 74,853 shares valued at approximately $7.4 million.
• Institutional ownership remains high at 97.79%, while other investors made mixed moves, including HSBC increasing its position by 26.5% and several firms initiating new stakes.
• Analysts have an overall “Hold” rating with an average price target of $117.16. Deckers recently beat quarterly earnings expectations, reporting $0.94 in EPS versus $0.88 forecast, while revenue rose 5.7% year over year to $1.02 billion.

Nissay Asset Management Corp Japan lowered its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 54.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,853 shares of the textile maker's stock after selling 90,851 shares during the quarter. Nissay Asset Management Corp Japan owned approximately 0.05% of Deckers Outdoor worth $7,432,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DECK. Hsbc Holdings PLC raised its position in Deckers Outdoor by 26.5% in the second quarter. Hsbc Holdings PLC now owns 740,925 shares of the textile maker's stock worth $73,623,000 after acquiring an additional 155,183 shares during the period. Lombard Odier Asset Management Europe Ltd bought a new stake in shares of Deckers Outdoor during the 2nd quarter valued at $1,448,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Deckers Outdoor in the 2nd quarter worth $8,329,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Deckers Outdoor in the 2nd quarter worth $13,359,000. Finally, Rakuten Investment Management Inc. bought a new position in Deckers Outdoor in the 2nd quarter worth $2,352,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Robert W. Baird lowered their price objective on Deckers Outdoor from $125.00 to $115.00 and set a "neutral" rating on the stock in a research report on Friday, July 24th. Needham & Company LLC reduced their target price on shares of Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating for the company in a report on Friday, July 24th. Wells Fargo & Company restated an "underweight" rating and set a $85.00 target price on shares of Deckers Outdoor in a research note on Friday, July 24th. Barclays set a $133.00 price target on shares of Deckers Outdoor and gave the company an "overweight" rating in a report on Friday, July 24th. Finally, UBS Group reiterated a "buy" rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $117.16.

Deckers Outdoor Stock Performance

NYSE DECK opened at $87.90 on Monday. The stock has a 50 day moving average price of $99.12 and a 200-day moving average price of $104.10. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $125.45. The company has a market capitalization of $11.97 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.63 and a beta of 1.17.

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. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, equities analysts predict that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

Deckers Outdoor 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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