Stevens Capital Management LP Lowers Position in Deckers Outdoor Corporation $DECK

Stevens Capital Management LP trimmed its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 57.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,350 shares of the textile maker’s stock after selling 3,175 shares during the period. Stevens Capital Management LP’s holdings in Deckers Outdoor were worth $242,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. grew its stake in shares of Deckers Outdoor by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker’s stock worth $116,310,000 after purchasing an additional 39,211 shares during the period. Trillium Asset Management LLC lifted its stake in shares of Deckers Outdoor by 28.1% in the second quarter. Trillium Asset Management LLC now owns 188,486 shares of the textile maker’s stock valued at $19,428,000 after purchasing an additional 41,325 shares during the period. Jump Financial LLC lifted its stake in shares of Deckers Outdoor by 5,481.7% in the first quarter. Jump Financial LLC now owns 156,568 shares of the textile maker’s stock valued at $17,506,000 after purchasing an additional 153,763 shares during the period. OFI Invest Asset Management boosted its holdings in Deckers Outdoor by 32.1% during the second quarter. OFI Invest Asset Management now owns 361,543 shares of the textile maker’s stock worth $37,264,000 after buying an additional 87,834 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Deckers Outdoor by 0.6% during the first quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker’s stock worth $1,984,339,000 after buying an additional 107,635 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

Shares of DECK opened at $85.05 on Friday. The company has a market capitalization of $12.40 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 3.79 and a beta of 1.10. The stock has a fifty day moving average of $95.70 and a two-hundred day moving average of $104.79. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 23rd. The textile maker reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.24. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the firm posted $1.59 EPS. The company’s revenue was up 9.1% on a year-over-year basis. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. As a group, equities research analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Evercore ISI dropped their price objective on Deckers Outdoor from $115.00 to $110.00 and set an “in-line” rating for the company in a research note on Friday, October 17th. Cowen reaffirmed a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 24th. Robert W. Baird lowered their price objective on shares of Deckers Outdoor from $150.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, October 24th. Bank of America lifted their target price on shares of Deckers Outdoor from $120.00 to $122.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Finally, Telsey Advisory Group lowered their price target on shares of Deckers Outdoor from $120.00 to $105.00 and set a “market perform” rating on the stock in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Hold” and an average target price of $117.58.

Insiders Place Their Bets

In other news, insider Angela Ogbechie sold 1,460 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $81.45, for a total transaction of $118,917.00. Following the completion of the sale, the insider owned 34,020 shares in the company, valued at approximately $2,770,929. The trade was a 4.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred 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 sale, the director directly owned 10,979 shares of the company’s stock, valued at approximately $1,295,741.58. This trade represents a 2.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Company 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.