Victory Capital Management Inc. Has $63.45 Million Stock Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Victory Capital trimmed its stake in Deckers by 11.9% in Q3, selling 84,868 shares and leaving it with 625,879 shares worth about $63.45 million (≈0.43% of the company).
• Deckers reported a strong quarter—EPS $3.33 vs. $2.77 expected and revenue $1.96B vs. $1.87B expected, with revenue up 7.1% year-over-year and strong profitability metrics (ROE 41.6%, net margin 19.5%).
• Wall Street is broadly positive: the consensus rating is a “Moderate Buy” with an average target of $125.20, supported by a mix of upgrades and price-target increases despite some sell ratings.

Victory Capital Management Inc. reduced its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 11.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 625,879 shares of the textile maker's stock after selling 84,868 shares during the period. Victory Capital Management Inc. owned about 0.43% of Deckers Outdoor worth $63,445,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in Deckers Outdoor by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker's stock worth $454,662,000 after purchasing an additional 114,779 shares during the last quarter. Invesco Ltd. lifted its position in shares of Deckers Outdoor by 19.4% during the 2nd quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker's stock worth $286,660,000 after buying an additional 452,081 shares during the last quarter. Norges Bank bought a new stake in shares of Deckers Outdoor during the 2nd quarter worth $223,036,000. Federated Hermes Inc. boosted its stake in Deckers Outdoor by 46.5% in the second quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker's stock valued at $175,800,000 after buying an additional 541,657 shares in the last quarter. Finally, TD Asset Management Inc grew its position in Deckers Outdoor by 9.2% in the third quarter. TD Asset Management Inc now owns 1,378,343 shares of the textile maker's stock valued at $139,723,000 after acquiring an additional 116,310 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DECK. Jefferies Financial Group upped their price objective on Deckers Outdoor from $102.00 to $105.00 and gave the company a "hold" rating in a research note on Tuesday, January 27th. BTIG Research reaffirmed a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 30th. Sanford C. Bernstein set a $90.00 price target on Deckers Outdoor in a research note on Friday, January 30th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $92.00 price objective (up from $81.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Finally, Zacks Research raised shares of Deckers Outdoor from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 2nd. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $125.20.

Deckers Outdoor Stock Down 1.2%

Shares of DECK stock opened at $107.42 on Friday. The firm has a 50 day moving average of $109.04 and a 200-day moving average of $103.24. The company has a market cap of $15.25 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $137.23.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.56. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The company's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.00 earnings per share. Analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In related news, insider Robin Spring-Green sold 347 shares of the firm's stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $113.78, for a total value of $39,481.66. Following the completion of the transaction, the insider directly owned 42,461 shares of the company's stock, valued at approximately $4,831,212.58. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anne Spangenberg sold 4,063 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the sale, the insider owned 80,449 shares in the company, valued at approximately $9,333,692.98. This represents a 4.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 9,092 shares of company stock worth $1,048,552. 0.40% of the stock is owned by corporate insiders.

About Deckers Outdoor

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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