Thrivent Financial for Lutherans Cuts Stock Position in Deckers Outdoor Corporation $DECK

Thrivent Financial for Lutherans cut its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 92.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 71,388 shares of the textile maker’s stock after selling 844,986 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Deckers Outdoor were worth $7,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Geneos Wealth Management Inc. grew its position in Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after buying an additional 215 shares during the period. CVA Family Office LLC boosted its stake in Deckers Outdoor by 137.4% in the second quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 180 shares during the last quarter. Rakuten Securities Inc. boosted its stake in Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Deckers Outdoor during the 2nd quarter valued at approximately $41,000. Finally, Cromwell Holdings LLC raised its holdings in shares of Deckers Outdoor by 4,766.7% in the 2nd quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock worth $45,000 after purchasing an additional 429 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Angela Ogbechie sold 1,460 shares of Deckers Outdoor stock in a transaction on 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 of the company’s stock, valued at approximately $2,770,929. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on DECK. Truist Financial set a $105.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a report on Friday, October 24th. Cowen reissued a “buy” rating on shares of Deckers Outdoor in a report on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a report on Wednesday, October 8th. Barclays reduced their target price on shares of Deckers Outdoor from $141.00 to $113.00 and set an “overweight” rating for the company in a research note on Monday, October 27th. Finally, Citigroup lowered their price target on shares of Deckers Outdoor from $150.00 to $120.00 and set a “buy” 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 given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $117.58.

Deckers Outdoor Trading Down 1.8%

Shares of Deckers Outdoor stock opened at $100.51 on Friday. The company’s 50-day moving average price is $91.20 and its 200-day moving average price is $101.86. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $223.98. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 4.62 and a beta of 1.19.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the firm posted $1.59 EPS. Deckers Outdoor’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. On average, sell-side analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

About Deckers Outdoor

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.