Illinois Municipal Retirement Fund Has $13.59 Million Position in Deckers Outdoor Corporation $DECK

Illinois Municipal Retirement Fund increased its stake in Deckers Outdoor Corporation (NYSE:DECK) by 5.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,745 shares of the textile maker’s stock after purchasing an additional 6,826 shares during the period. Illinois Municipal Retirement Fund owned 0.10% of Deckers Outdoor worth $13,587,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. increased its stake in shares of Deckers Outdoor by 374.1% in the 4th 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 period. Invesco Ltd. lifted its stake in shares of Deckers Outdoor by 0.5% during the fourth quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker’s stock valued at $285,380,000 after acquiring an additional 12,350 shares during the period. AQR Capital Management LLC boosted its holdings in Deckers Outdoor by 340.5% in the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after acquiring an additional 2,035,517 shares during the last quarter. Norges Bank bought a new position in Deckers Outdoor in the fourth quarter valued at about $252,729,000. Finally, Northern Trust Corp increased its position in Deckers Outdoor by 3.1% in the fourth quarter. Northern Trust Corp now owns 1,774,448 shares of the textile maker’s stock worth $183,957,000 after purchasing an additional 52,906 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the subject of several recent research reports. Wells Fargo & Company cut Deckers Outdoor from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $115.00 to $90.00 in a report on Friday, May 8th. KeyCorp reaffirmed a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, May 22nd. Truist Financial set a $125.00 price target on shares of Deckers Outdoor and gave the stock a “buy” rating 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 Monday, April 20th. Finally, Barclays restated an “overweight” rating and issued a $141.00 price objective (down from $143.00) on shares of Deckers Outdoor in a report on Tuesday, May 26th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $121.11.

Deckers Outdoor Stock Up 2.5%

Shares of NYSE DECK opened at $109.16 on Friday. The company’s fifty day moving average is $105.43 and its 200-day moving average is $106.17. The stock has a market cap of $15.16 billion, a price-to-earnings ratio of 15.51, a P/E/G ratio of 2.11 and a beta of 1.17. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $126.50.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.15. The company had revenue of $1.12 billion during 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 firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, research analysts anticipate that Deckers Outdoor Corporation will post 7.45 EPS 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.