Pacer Advisors Inc. Trims Stock Position in Deckers Outdoor Corporation $DECK

Pacer Advisors Inc. trimmed its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 24.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 391,836 shares of the textile maker’s stock after selling 125,197 shares during the period. Pacer Advisors Inc. owned 0.28% of Deckers Outdoor worth $40,622,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in Deckers Outdoor by 24.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 407,698 shares of the textile maker’s stock worth $43,538,000 after purchasing an additional 81,345 shares during the period. American Century Companies Inc. boosted its holdings in shares of Deckers Outdoor by 21.6% in the 3rd quarter. American Century Companies Inc. now owns 1,157,559 shares of the textile maker’s stock valued at $117,342,000 after purchasing an additional 205,748 shares during the last quarter. Lombard Odier Asset Management USA Corp purchased a new stake in shares of Deckers Outdoor during the 3rd quarter valued at $1,142,000. US Bancorp DE grew its stake in shares of Deckers Outdoor by 262.3% during the 3rd quarter. US Bancorp DE now owns 61,436 shares of the textile maker’s stock valued at $6,228,000 after buying an additional 44,477 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Deckers Outdoor by 309.0% during the 4th quarter. SG Americas Securities LLC now owns 240,466 shares of the textile maker’s stock worth $24,929,000 after buying an additional 181,675 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on DECK shares. Wells Fargo & Company lowered Deckers Outdoor from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $115.00 to $90.00 in a research report on Friday, May 8th. Zacks Research lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Barclays restated an “overweight” rating and issued a $141.00 price objective (down from $143.00) on shares of Deckers Outdoor in a report on Tuesday, May 26th. Raymond James Financial lowered Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price objective on the stock. in a research note on Thursday, April 23rd. Finally, KGI Securities downgraded shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price for the company. in a research report on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor Trading Down 0.1%

Shares of Deckers Outdoor stock opened at $109.04 on Friday. The company has a fifty day moving average price of $106.29 and a 200 day moving average price of $105.51. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $126.50. The stock has a market cap of $15.14 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 2.16 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (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 firm 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 firm earned $1.00 EPS. The firm’s quarterly 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. Analysts forecast that Deckers Outdoor Corporation will post 7.45 earnings per share for the current year.

Deckers Outdoor 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.