Jefferies Financial Group Inc. Reduces Stock Position in Deckers Outdoor Corporation $DECK

Jefferies Financial Group Inc. reduced its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 47.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,614 shares of the textile maker’s stock after selling 8,719 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Deckers Outdoor were worth $997,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DECK. Viking Global Investors LP purchased a new stake in shares of Deckers Outdoor during the 3rd quarter valued at approximately $175,058,000. Assenagon Asset Management S.A. lifted its stake in shares of Deckers Outdoor by 293.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 702,106 shares of the textile maker’s stock valued at $72,787,000 after buying an additional 523,442 shares in the last quarter. Man Group plc lifted its stake in shares of Deckers Outdoor by 106.1% during the 3rd quarter. Man Group plc now owns 862,318 shares of the textile maker’s stock valued at $87,413,000 after buying an additional 443,843 shares in the last quarter. AQR Capital Management LLC lifted its stake in Deckers Outdoor by 89.9% in the 2nd quarter. AQR Capital Management LLC now owns 873,105 shares of the textile maker’s stock worth $89,991,000 after purchasing an additional 413,394 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its stake in Deckers Outdoor by 491.0% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 496,608 shares of the textile maker’s stock worth $51,185,000 after purchasing an additional 412,586 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $114.24 on Friday. The firm’s fifty day moving average price is $102.97 and its 200-day moving average price is $102.66. The stock has a market cap of $15.87 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $126.50.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.15. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, analysts predict that Deckers Outdoor Corporation will post 7.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DECK. Argus upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. KGI Securities cut shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price on the stock. in a research note on Friday, May 22nd. Stifel Nicolaus increased their target price on shares of Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Raymond James Financial cut shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price on the stock. in a research note on Thursday, April 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a report on Monday, April 20th. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Hold” and an average target price of $120.50.

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.