Praxis Investment Management Inc. Sells 2,140 Shares of Deckers Outdoor Corporation $DECK

Praxis Investment Management Inc. decreased its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 27.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,650 shares of the textile maker’s stock after selling 2,140 shares during the quarter. Praxis Investment Management Inc.’s holdings in Deckers Outdoor were worth $582,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DECK. Mountain Hill Investment Partners Corp. bought a new position in shares of Deckers Outdoor during the first quarter valued at approximately $34,000. Cromwell Holdings LLC grew its stake in shares of Deckers Outdoor by 4,766.7% during the second quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock valued at $45,000 after buying an additional 429 shares during the last quarter. Olde Wealth Management LLC bought a new position in Deckers Outdoor in the first quarter worth approximately $47,000. Banque Transatlantique SA bought a new position in Deckers Outdoor in the first quarter worth approximately $51,000. Finally, Costello Asset Management INC bought a new position in Deckers Outdoor in the first quarter worth approximately $78,000. Institutional investors own 97.79% of the company’s stock.

Insider Activity at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the sale, the director owned 10,979 shares in the company, valued at approximately $1,295,741.58. This represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Up 0.8%

Shares of NYSE DECK opened at $99.89 on Friday. Deckers Outdoor Corporation has a 12-month low of $93.72 and a 12-month high of $223.98. The stock’s fifty day simple moving average is $109.12 and its two-hundred day simple moving average is $108.81. The stock has a market capitalization of $14.82 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 3.79 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.68 by $0.25. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The firm had revenue of $964.54 million during the quarter, compared to analyst estimates of $901.45 million. During the same quarter in the prior year, the business posted $4.52 EPS. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, equities analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Raymond James Financial increased their price objective on Deckers Outdoor from $123.00 to $137.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 25th. Sanford C. Bernstein assumed coverage on Deckers Outdoor in a research note on Thursday, September 18th. They issued an “underperform” rating and a $100.00 price objective on the stock. Bank of America increased their price objective on Deckers Outdoor from $120.00 to $122.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. Zacks Research raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Finally, Truist Financial increased their price objective on Deckers Outdoor from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $136.00.

Deckers Outdoor Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.