Teacher Retirement System of Texas Decreases Stock Position in Deckers Outdoor Corporation $DECK

Teacher Retirement System of Texas lowered its stake in Deckers Outdoor Corporation (NYSE:DECK) by 30.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 23,054 shares of the textile maker’s stock after selling 9,859 shares during the period. Teacher Retirement System of Texas’ holdings in Deckers Outdoor were worth $2,376,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DECK. Federated Hermes Inc. increased its holdings in shares of Deckers Outdoor by 1,998.7% in the first quarter. Federated Hermes Inc. now owns 1,163,977 shares of the textile maker’s stock worth $130,144,000 after buying an additional 1,108,516 shares during the period. Nuveen LLC purchased a new position in shares of Deckers Outdoor in the first quarter worth about $97,935,000. Swedbank AB increased its holdings in shares of Deckers Outdoor by 1,038.9% in the first quarter. Swedbank AB now owns 758,683 shares of the textile maker’s stock worth $84,828,000 after buying an additional 692,065 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Deckers Outdoor by 4,770.0% in the first quarter. Pacer Advisors Inc. now owns 641,082 shares of the textile maker’s stock worth $71,679,000 after buying an additional 627,918 shares during the period. Finally, Atreides Management LP increased its holdings in shares of Deckers Outdoor by 123.6% in the first quarter. Atreides Management LP now owns 1,078,693 shares of the textile maker’s stock worth $120,609,000 after buying an additional 596,359 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the transaction, the director owned 10,979 shares in the company, valued at approximately $1,295,741.58. This represents a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $81.52 on Monday. Deckers Outdoor Corporation has a 1 year low of $80.30 and a 1 year high of $223.98. The company has a market cap of $12.09 billion, a PE ratio of 12.08, a P/E/G ratio of 3.79 and a beta of 1.05. The stock’s 50-day moving average is $106.57 and its 200 day moving average is $107.73.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.24. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the business earned $1.59 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. Analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DECK shares. KeyCorp upgraded Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. The Goldman Sachs Group reduced their price target on Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating on the stock in a report on Friday, October 24th. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a report on Wednesday, October 8th. UBS Group restated a “buy” rating on shares of Deckers Outdoor in a report on Friday, October 24th. Finally, Cowen restated a “buy” rating on shares of Deckers Outdoor in a report on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $118.11.

Deckers Outdoor Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.