Wellington Management Group LLP Cuts Stock Position in Deckers Outdoor Corporation $DECK

Key Points

• Wellington Management cut its Deckers Outdoor stake by 75.2% in the second quarter, selling 688,573 shares and retaining 227,505 shares worth approximately $22.6 million.
• Institutional investors own 97.79% of Deckers, with some firms—including Empowered Funds and Marshall Wace—substantially increasing their positions during the period.
• Analysts’ consensus rating is “Hold”, with an average price target of $117.16. Deckers recently beat quarterly EPS estimates, reporting $0.94 versus $0.88 expected, while revenue rose 5.7% year over year.

Wellington Management Group LLP cut its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 75.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 227,505 shares of the textile maker's stock after selling 688,573 shares during the period. Wellington Management Group LLP owned about 0.17% of Deckers Outdoor worth $22,589,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Revolve Wealth Partners LLC purchased a new position in Deckers Outdoor in the 4th quarter valued at about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Deckers Outdoor by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker's stock worth $1,858,000 after buying an additional 522 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Deckers Outdoor by 165.6% during the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker's stock valued at $1,145,000 after acquiring an additional 6,384 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Deckers Outdoor by 8.1% during the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker's stock valued at $773,000 after acquiring an additional 521 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Deckers Outdoor by 163.2% in the second quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker's stock valued at $1,062,000 after acquiring an additional 6,391 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DECK shares. Telsey Advisory Group lowered their price target on Deckers Outdoor from $113.00 to $105.00 and set a "market perform" rating on the stock in a research note on Friday, July 24th. Truist Financial decreased their price objective on Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Barclays set a $133.00 target price on shares of Deckers Outdoor and gave the stock an "overweight" rating in a research note on Friday, July 24th. Argus set a $128.00 target price on shares of Deckers Outdoor in a report on Friday, May 29th. Finally, Weiss Ratings downgraded shares of Deckers Outdoor from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $117.16.

Deckers Outdoor Stock Up 1.6%

NYSE DECK opened at $85.87 on Friday. The business's fifty day simple moving average is $97.19 and its 200-day simple moving average is $103.12. The firm has a market cap of $11.69 billion, a PE ratio of 12.18, a P/E/G ratio of 1.33 and a beta of 1.15. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $124.88.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Deckers Outdoor's quarterly 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. Research analysts expect that Deckers Outdoor Corporation will post 7.5 EPS for the current 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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