Deckers Outdoor Corporation $DECK Shares Acquired by Swiss National Bank

Swiss National Bank lifted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 5.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 427,700 shares of the textile maker’s stock after acquiring an additional 20,400 shares during the period. Swiss National Bank’s holdings in Deckers Outdoor were worth $42,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. grew its holdings in shares of Deckers Outdoor by 374.1% in the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after purchasing an additional 2,485,338 shares during the period. Invesco Ltd. raised its stake in Deckers Outdoor by 0.5% during the fourth quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker’s stock worth $285,380,000 after purchasing an additional 12,350 shares during the period. AQR Capital Management LLC raised its stake in Deckers Outdoor by 340.5% during the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock worth $273,000,000 after purchasing an additional 2,035,517 shares during the period. Norges Bank acquired a new position in Deckers Outdoor in the 4th quarter valued at about $252,729,000. Finally, Bank of New York Mellon Corp boosted its holdings in Deckers Outdoor by 123.2% in the 1st quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker’s stock valued at $180,464,000 after purchasing an additional 995,099 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DECK shares. Raymond James Financial downgraded shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target for the company. in a report on Thursday, April 23rd. Argus set a $128.00 price objective on Deckers Outdoor in a report on Friday, May 29th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $105.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a research note on Friday, July 17th. Finally, KGI Securities downgraded Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price on the stock. in a research report on Friday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $121.11.

Deckers Outdoor Price Performance

Shares of DECK opened at $102.36 on Thursday. The firm has a 50-day simple moving average of $106.05 and a two-hundred day simple moving average of $106.18. The stock has a market cap of $14.22 billion, a PE ratio of 14.54, a P/E/G ratio of 2.04 and a beta of 1.17. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $126.50.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 EPS for the quarter, topping the consensus estimate of $0.81 by $0.15. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 EPS. 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 7.46 earnings per share for the current fiscal 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.