AustralianSuper Pty Ltd Buys 218,235 Shares of Deckers Outdoor Corporation $DECK

AustralianSuper Pty Ltd boosted its stake in Deckers Outdoor Corporation (NYSE:DECK) by 49.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 661,734 shares of the textile maker’s stock after purchasing an additional 218,235 shares during the period. AustralianSuper Pty Ltd owned approximately 0.45% of Deckers Outdoor worth $68,205,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. CVA Family Office LLC boosted its stake in shares of Deckers Outdoor by 137.4% during the 2nd quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock worth $32,000 after acquiring an additional 180 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in shares of Deckers Outdoor during the 1st quarter worth $34,000. Cromwell Holdings LLC boosted its stake in shares of Deckers Outdoor by 4,766.7% during the 2nd quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock worth $45,000 after acquiring an additional 429 shares during the last quarter. Olde Wealth Management LLC purchased a new position in shares of Deckers Outdoor during the 1st quarter worth $47,000. Finally, Banque Transatlantique SA purchased a new position in shares of Deckers Outdoor during the 1st quarter worth $51,000. Institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citigroup lowered their target price on shares of Deckers Outdoor from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday. TD Cowen lowered their target price on shares of Deckers Outdoor from $125.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday. Wells Fargo & Company lowered their target price on shares of Deckers Outdoor from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday. Evercore ISI lowered their target price on shares of Deckers Outdoor from $115.00 to $110.00 and set an “in-line” rating on the stock in a research note on Friday, October 17th. Finally, Stifel Nicolaus set a $127.00 target price on shares of Deckers Outdoor in a research note on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $119.58.

Deckers Outdoor Stock Down 15.0%

Deckers Outdoor stock opened at $87.16 on Monday. The company’s 50-day moving average price is $108.65 and its 200-day moving average price is $108.55. Deckers Outdoor Corporation has a twelve month low of $86.83 and a twelve month high of $223.98. The company has a market cap of $12.93 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 3.29 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.24. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 EPS. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. As a group, sell-side analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the sale, the director directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is currently owned by company 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.