Deckers Outdoor Corporation $DECK Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lowered its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 10.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,247 shares of the textile maker’s stock after selling 7,617 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Deckers Outdoor were worth $6,181,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. KGI Securities downgraded Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target for the company. in a research note on Friday, May 22nd. Barclays set a $133.00 price objective on shares of Deckers Outdoor and gave the company an “overweight” rating in a research note on Friday, July 24th. KeyCorp restated a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $85.00 price target on shares of Deckers Outdoor in a report on Friday, July 24th. Finally, Stifel Nicolaus set a $133.00 price objective on shares of Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $117.16.

Deckers Outdoor Trading Up 0.7%

Deckers Outdoor stock opened at $84.32 on Friday. The stock has a market cap of $11.48 billion, a PE ratio of 11.96, a P/E/G ratio of 1.30 and a beta of 1.15. The stock has a 50-day moving average price of $97.56 and a 200 day moving average price of $103.24. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $124.88.

Deckers Outdoor (NYSE:DECK) last released its earnings results 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 company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm earned $0.93 EPS. The firm’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. On average, equities analysts predict that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

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.