VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 496,800 Deckers Outdoor Corporation $DECK

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 496,800 shares of the textile maker’s stock, valued at approximately $49,327,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System lifted its position in shares of Deckers Outdoor by 9,479.9% during the second quarter. California State Teachers Retirement System now owns 21,355,790 shares of the textile maker’s stock worth $2,120,416,000 after purchasing an additional 21,132,867 shares during the last quarter. BlackRock Inc. bought a new stake in Deckers Outdoor in the second quarter valued at about $1,343,613,000. Federated Hermes Inc. increased its holdings 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. raised 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 valued at $285,380,000 after buying an additional 12,350 shares in the last quarter. Finally, AQR Capital Management LLC raised 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 valued at $273,000,000 after buying an additional 2,035,517 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company reiterated an “underweight” rating and issued a $85.00 target price on shares of Deckers Outdoor in a research report on Friday, July 24th. Argus set a $128.00 price target on Deckers Outdoor in a research report on Friday, May 29th. Sanford C. Bernstein reissued a “market perform” rating and set a $105.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. Stifel Nicolaus set a $133.00 price objective on Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Truist Financial decreased their price objective on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor has a consensus rating of “Hold” and an average price target of $117.16.

Deckers Outdoor Stock Up 0.1%

DECK opened at $85.87 on Monday. The company’s 50-day moving average price is $97.19 and its 200 day moving average price is $103.03. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $124.88. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 1.33 and a beta of 1.15.

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