Wellington Management Group LLP Trims Stake in Deckers Outdoor Corporation $DECK

Wellington Management Group LLP lessened its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 75.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 227,505 shares of the textile maker’s stock after selling 688,573 shares during the period. Wellington Management Group LLP’s holdings in Deckers Outdoor were worth $22,589,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new stake in Deckers Outdoor in the 2nd quarter valued at about $1,343,613,000. Federated Hermes Inc. lifted its position in 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 buying an additional 2,485,338 shares during the last quarter. Invesco Ltd. boosted 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 buying an additional 12,350 shares during the period. AQR Capital Management LLC boosted 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 buying an additional 2,035,517 shares during the period. Finally, Norges Bank acquired a new stake in shares of Deckers Outdoor during the fourth quarter valued at about $252,729,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DECK has been the topic of a number of research analyst reports. UBS Group reissued a “buy” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Argus set a $128.00 target price on Deckers Outdoor in a research report on Friday, May 29th. KeyCorp restated a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Finally, Telsey Advisory Group lowered their price target on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a research report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $117.16.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $85.87 on Friday. The firm has a market capitalization of $11.69 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 1.33 and a beta of 1.15. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $124.88. The firm’s 50-day moving average is $97.19 and its two-hundred day moving average is $103.12.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Analysts expect that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

About Deckers Outdoor

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.