Deckers Outdoor Corporation $DECK Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 38.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 214,987 shares of the textile maker’s stock after acquiring an additional 59,898 shares during the period. First Trust Advisors LP’s holdings in Deckers Outdoor were worth $21,518,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Federated Hermes Inc. increased its position in Deckers Outdoor by 374.1% during the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock worth $326,531,000 after purchasing an additional 2,485,338 shares in the last quarter. Invesco Ltd. boosted its position in shares of Deckers Outdoor by 0.5% in 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 grew its stake in shares of 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 buying an additional 2,035,517 shares in the last quarter. Norges Bank acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $252,729,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Deckers Outdoor by 123.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker’s stock valued at $180,464,000 after buying an additional 995,099 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on DECK. Telsey Advisory Group reduced their price target on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a research report on Friday, July 24th. Zacks Research lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Argus set a $128.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 29th. Truist Financial reduced their target price on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a research note on Friday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $117.16.

Deckers Outdoor Stock Down 0.4%

Shares of NYSE DECK opened at $103.50 on Thursday. The stock’s fifty day simple moving average is $106.50 and its 200 day simple moving average is $105.94. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 1.93 and a beta of 1.17. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $125.45.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business posted $0.93 earnings per share. Deckers Outdoor’s revenue was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, analysts anticipate that Deckers Outdoor Corporation will post 7.49 earnings per share for the current year.

Deckers Outdoor Company 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.