Van Hulzen Asset Management LLC Sells 13,771 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Van Hulzen Asset Management cut its Deckers Outdoor stake by 78.9% in the second quarter, selling 13,771 shares and retaining 3,691 shares valued at approximately $366,000.
• Institutional ownership remains very high at 97.79%, with several investors increasing their positions, including Engineers Gate Manager, which expanded its stake by 1,894.2%.
• Analysts hold a consensus “Hold” rating with an average price target of $114.80. Deckers recently exceeded quarterly EPS estimates, reporting $0.94 versus the $0.88 consensus, while revenue rose 5.7% year over year to $1.02 billion.

Van Hulzen Asset Management LLC trimmed its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 78.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,691 shares of the textile maker's stock after selling 13,771 shares during the period. Van Hulzen Asset Management LLC's holdings in Deckers Outdoor were worth $366,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DECK. National Pension Service increased its stake in shares of Deckers Outdoor by 2.8% in the 2nd quarter. National Pension Service now owns 114,926 shares of the textile maker's stock worth $11,411,000 after acquiring an additional 3,173 shares in the last quarter. WINTON GROUP Ltd boosted its stake in Deckers Outdoor by 153.6% during the second quarter. WINTON GROUP Ltd now owns 64,258 shares of the textile maker's stock worth $6,380,000 after acquiring an additional 38,921 shares in the last quarter. Engineers Gate Manager LP boosted its stake in Deckers Outdoor by 1,894.2% during the second quarter. Engineers Gate Manager LP now owns 564,874 shares of the textile maker's stock worth $56,086,000 after acquiring an additional 536,548 shares in the last quarter. Arizona State Retirement System grew its holdings in Deckers Outdoor by 2.8% in the second quarter. Arizona State Retirement System now owns 40,699 shares of the textile maker's stock worth $4,041,000 after purchasing an additional 1,100 shares during the period. Finally, Empirical Finance LLC purchased a new stake in Deckers Outdoor in the second quarter worth about $704,000. Institutional investors own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DECK shares. Sanford C. Bernstein reiterated a "market perform" rating and set a $105.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Truist Financial cut their price target on Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. UBS Group reaffirmed a "buy" rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Telsey Advisory Group lowered their price objective on Deckers Outdoor from $113.00 to $105.00 and set a "market perform" rating for the company in a research note on Friday, July 24th. Finally, Stifel Nicolaus set a $133.00 target price on Deckers Outdoor and gave the stock a "buy" rating in a report on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $114.80.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $79.81 on Friday. The firm has a market cap of $10.87 billion, a P/E ratio of 11.32, a P/E/G ratio of 1.25 and a beta of 1.15. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $122.29. The firm has a 50-day simple moving average of $95.65 and a two-hundred day simple moving average of $102.01.

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

Deckers Outdoor Profile

Deckers Outdoor Corporation NYSE: DECK designs, markets and distributes branded footwear, apparel and accessories. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, a performance and lifestyle footwear brand; Teva, which specializes in outdoor and adventure sandals and footwear; and Koolaburra by UGG, which offers accessible casual footwear and related products.

The company sells its products through department and specialty stores, independent retailers, digital commerce platforms and its own brand websites and retail stores.

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