Deckers Outdoor Corporation $DECK Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in Deckers Outdoor Corporation (NYSE:DECK) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 750,891 shares of the textile maker’s stock after selling 66,923 shares during the quarter. Legal & General Group Plc’s holdings in Deckers Outdoor were worth $77,845,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DECK. Geneos Wealth Management Inc. lifted its holdings in shares of Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after buying an additional 215 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at $30,000. Rakuten Securities Inc. lifted its holdings in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after buying an additional 100 shares during the period. Activest Wealth Management lifted its holdings in shares of Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after buying an additional 245 shares during the period. Finally, Aventura Private Wealth LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DECK. Stifel Nicolaus set a $144.00 price objective on Deckers Outdoor in a report on Friday. Evercore set a $108.00 price objective on Deckers Outdoor in a report on Friday, January 30th. BTIG Research restated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 30th. Truist Financial set a $125.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, UBS Group upped their price objective on Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $121.11.

Deckers Outdoor Stock Down 0.4%

Shares of NYSE DECK opened at $113.84 on Friday. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $126.50. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 2.27 and a beta of 1.14. The business has a fifty day simple moving average of $103.16 and a 200-day simple moving average of $102.73.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, May 21st. The textile maker reported $0.96 EPS for the quarter, beating the consensus estimate of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business posted $1.00 earnings per share. Deckers Outdoor’s revenue was up 9.5% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, sell-side analysts expect that Deckers Outdoor Corporation will post 7.41 EPS for the current fiscal year.

Deckers Outdoor Company 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.