Thornburg Investment Management Inc. Acquires 8,952 Shares of Deckers Outdoor Corporation $DECK

Thornburg Investment Management Inc. increased its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 17.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,841 shares of the textile maker’s stock after purchasing an additional 8,952 shares during the period. Thornburg Investment Management Inc.’s holdings in Deckers Outdoor were worth $5,942,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Danske Bank A S purchased a new position in shares of Deckers Outdoor in the 2nd quarter valued at $46,235,000. Private Wealth Advisors LLC bought a new stake in Deckers Outdoor during the second quarter valued at about $4,634,000. ProShare Advisors LLC boosted its position in Deckers Outdoor by 52.5% during the fourth quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker’s stock valued at $4,356,000 after purchasing an additional 14,470 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Deckers Outdoor in the second quarter valued at about $1,870,000. Finally, Revolve Wealth Partners LLC bought a new position in Deckers Outdoor in the fourth quarter worth about $247,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. UBS Group reiterated a “buy” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Friday, July 17th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $105.00 price target on shares of Deckers Outdoor in a report on Friday, May 22nd. Finally, Argus set a $128.00 price target on Deckers Outdoor in a research report on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $117.16.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $87.90 on Friday. The business’s 50-day simple moving average is $99.12 and its two-hundred day simple moving average is $104.18. The company has a market cap of $11.97 billion, a PE ratio of 12.47, a PEG ratio of 1.63 and a beta of 1.17. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $125.45.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the business posted $0.93 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, analysts predict that Deckers Outdoor Corporation will post 7.5 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.