UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in Deckers Outdoor Corporation $DECK

Key Points

• UBS Asset Management increased its Deckers Outdoor stake by 21.5% in the second quarter, acquiring 374,923 additional shares and bringing its holdings to 2.12 million shares valued at approximately $210.2 million.
• Institutional ownership remains high at 97.79%, with several other investment firms adding new or larger positions in Deckers during the quarter.
• Deckers beat quarterly earnings expectations with $0.94 in EPS versus $0.88 expected, while revenue rose 5.7% year over year. Despite UBS maintaining a “buy” rating, the broader analyst consensus is “Hold”, with an average price target of $117.16.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 21.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,116,595 shares of the textile maker's stock after acquiring an additional 374,923 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.55% of Deckers Outdoor worth $210,157,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DECK. Danske Bank A S purchased a new stake in shares of Deckers Outdoor during the 2nd quarter worth approximately $46,235,000. Private Wealth Advisors LLC purchased a new position in shares of Deckers Outdoor during the 2nd quarter worth about $4,634,000. ProShare Advisors LLC grew its stake in shares of Deckers Outdoor by 52.5% during the fourth quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker's stock valued at $4,356,000 after buying an additional 14,470 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Deckers Outdoor in the second quarter worth $1,870,000. Finally, Revolve Wealth Partners LLC purchased a new stake in Deckers Outdoor in the fourth quarter worth $247,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $87.16 on Tuesday. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $125.45. The business has a fifty day moving average price of $98.75 and a 200-day moving average price of $103.91. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 1.63 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. Deckers Outdoor's revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, equities research analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Needham & Company LLC decreased their price target on shares of Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, July 24th. KGI Securities cut Deckers Outdoor from an "outperform" rating to a "neutral" rating and set a $117.00 price objective on the stock. in a research note on Friday, May 22nd. KeyCorp restated a "sector weight" rating on shares of Deckers Outdoor in a report on Friday, July 24th. UBS Group reaffirmed a "buy" rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Finally, Sanford C. Bernstein reissued a "market perform" rating and set a $105.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Deckers Outdoor presently has an average rating of "Hold" and an average price target of $117.16.

Deckers Outdoor Company 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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