Trillium Asset Management LLC Invests $17.24 Million in Deckers Outdoor Corporation $DECK

Key Points

• Trillium Asset Management acquired 173,671 Deckers Outdoor shares worth approximately $17.24 million during the second quarter, giving it a 0.13% stake. Overall, institutional investors and hedge funds own 97.79% of the company.
• Deckers reported quarterly EPS of $0.94, exceeding the $0.88 consensus estimate, while revenue reached $1.02 billion and increased 5.7% year over year.
• Shares opened at $88.70, down 3.1%, while analysts maintain a consensus “Hold” rating with an average price target of $117.16.

Trillium Asset Management LLC acquired a new position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 173,671 shares of the textile maker's stock, valued at approximately $17,244,000. Trillium Asset Management LLC owned approximately 0.13% of Deckers Outdoor at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vise Technologies Inc. acquired a new position in Deckers Outdoor during the 2nd quarter worth $443,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Deckers Outdoor during the 2nd quarter worth approximately $1,051,000. Csenge Advisory Group acquired a new stake in Deckers Outdoor in the second quarter worth $374,000. NewEdge Wealth LLC acquired a new stake in shares of Deckers Outdoor in the 2nd quarter worth about $1,228,000. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Deckers Outdoor in the second quarter valued at approximately $1,405,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Down 3.1%

NYSE:DECK opened at $88.70 on Friday. The firm has a market capitalization of $12.08 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17. The firm has a 50-day moving average price of $101.62 and a 200 day moving average price of $105.14. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $125.45.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, research analysts expect that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

Wall Street Analysts Forecast Growth

DECK has been the topic of a number of recent analyst reports. Robert W. Baird dropped their price target on shares of 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 price objective on Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Stifel Nicolaus set a $133.00 target price on shares of Deckers Outdoor and gave the stock a "buy" rating in a research report on Friday, July 24th. Argus set a $128.00 price objective on Deckers Outdoor in a report on Friday, May 29th. Finally, KGI Securities lowered shares of Deckers Outdoor from an "outperform" rating to a "neutral" rating and set a $117.00 target price on the stock. in a research note on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $117.16.

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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