Nisa Investment Advisors LLC Sells 15,731 Shares of Deckers Outdoor Corporation $DECK

Nisa Investment Advisors LLC lessened its stake in Deckers Outdoor Corporation (NYSE:DECK) by 24.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,802 shares of the textile maker’s stock after selling 15,731 shares during the period. Nisa Investment Advisors LLC’s holdings in Deckers Outdoor were worth $5,030,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Deckers Outdoor by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker’s stock valued at $1,984,339,000 after buying an additional 107,635 shares during the last quarter. Northern Trust Corp boosted its position in shares of Deckers Outdoor by 6.2% during the 1st quarter. Northern Trust Corp now owns 1,680,558 shares of the textile maker’s stock valued at $187,903,000 after purchasing an additional 98,856 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Deckers Outdoor by 6.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,520,461 shares of the textile maker’s stock valued at $170,003,000 after purchasing an additional 97,312 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Deckers Outdoor by 46.5% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,410,262 shares of the textile maker’s stock valued at $157,681,000 after purchasing an additional 447,734 shares in the last quarter. Finally, Amundi boosted its position in shares of Deckers Outdoor by 24.7% during the 1st quarter. Amundi now owns 1,357,154 shares of the textile maker’s stock valued at $151,743,000 after purchasing an additional 268,803 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DECK. Wells Fargo & Company cut their target price on Deckers Outdoor from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, October 24th. Telsey Advisory Group cut their target price on Deckers Outdoor from $120.00 to $105.00 and set a “market perform” rating on the stock in a research report on Friday, October 24th. The Goldman Sachs Group cut their target price on Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating on the stock in a research report on Friday, October 24th. Needham & Company LLC cut their target price on Deckers Outdoor from $128.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Finally, Zacks Research upgraded Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus price target of $118.11.

Insider Activity at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 10,979 shares of the company’s stock, valued at $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Stock Performance

DECK stock opened at $87.68 on Wednesday. The company has a market cap of $13.01 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 4.09 and a beta of 1.05. Deckers Outdoor Corporation has a fifty-two week low of $86.68 and a fifty-two week high of $223.98. The stock’s 50 day simple moving average is $108.00 and its 200 day simple moving average is $108.22.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 23rd. The textile maker reported $1.82 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 the consensus estimate of $1.41 billion. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.59 earnings per share. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. Equities analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

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.