Allianz Asset Management GmbH Sells 82,514 Shares of Deckers Outdoor Corporation $DECK

Allianz Asset Management GmbH lowered its stake in Deckers Outdoor Corporation (NYSE:DECK) by 72.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,997 shares of the textile maker’s stock after selling 82,514 shares during the period. Allianz Asset Management GmbH’s holdings in Deckers Outdoor were worth $3,195,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DECK. Mountain Hill Investment Partners Corp. bought a new stake in Deckers Outdoor in the first quarter valued at $34,000. Cromwell Holdings LLC boosted its holdings in Deckers Outdoor by 4,766.7% in the second quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 429 shares in the last quarter. Olde Wealth Management LLC bought a new stake in Deckers Outdoor in the first quarter valued at $47,000. Banque Transatlantique SA bought a new stake in Deckers Outdoor in the first quarter valued at $51,000. Finally, Costello Asset Management INC bought a new stake in Deckers Outdoor in the first quarter valued at $78,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

DECK opened at $87.16 on Friday. The stock has a 50-day moving average price of $108.65 and a 200-day moving average price of $108.55. The firm has a market cap of $12.93 billion, a PE ratio of 12.91, a P/E/G ratio of 3.92 and a beta of 1.05. Deckers Outdoor Corporation has a 1 year low of $86.83 and a 1 year high of $223.98.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.24. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. Deckers Outdoor had a return on equity of 40.25% and a net margin of 19.47%.Deckers Outdoor’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.59 EPS. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. As a group, sell-side analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on DECK shares. Evercore ISI cut their price target on shares of Deckers Outdoor from $115.00 to $110.00 and set an “in-line” rating on the stock in a report on Friday, October 17th. TD Cowen lowered their price objective on Deckers Outdoor from $125.00 to $124.00 and set a “buy” rating for the company in a research report on Friday. Sanford C. Bernstein initiated coverage on Deckers Outdoor in a research report on Thursday, September 18th. They set an “underperform” rating and a $100.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a research report on Friday. Finally, Robert W. Baird lowered their price objective on Deckers Outdoor from $150.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $119.58.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the transaction, the director owned 10,979 shares of the company’s stock, valued at $1,295,741.58. The trade was a 2.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

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.