Sumitomo Mitsui Trust Group Inc. Has $36.91 Million Holdings in Deckers Outdoor Corporation $DECK

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 4.5% in the first quarter, Holdings Channel reports. The fund owned 368,796 shares of the textile maker’s stock after selling 17,187 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Deckers Outdoor were worth $36,913,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Revolve Wealth Partners LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter valued at approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Deckers Outdoor by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after acquiring an additional 522 shares during the period. Empowered Funds LLC lifted its position in Deckers Outdoor by 165.6% in the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after acquiring an additional 6,384 shares in the last quarter. Focus Partners Wealth lifted its position in Deckers Outdoor by 8.1% in the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after acquiring an additional 521 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Deckers Outdoor by 163.2% in the 2nd quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock worth $1,062,000 after purchasing an additional 6,391 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Ratings Changes

DECK has been the subject of a number of research reports. UBS Group increased their target price on Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Barclays reaffirmed an “overweight” rating and set a $141.00 price objective (down from $143.00) on shares of Deckers Outdoor in a research report on Tuesday, May 26th. Wells Fargo & Company downgraded Deckers Outdoor from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $115.00 to $90.00 in a report on Friday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $138.00 target price on shares of Deckers Outdoor in a research report on Friday, May 22nd. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Deckers Outdoor has a consensus rating of “Hold” and a consensus price target of $121.11.

Deckers Outdoor Stock Up 0.1%

DECK stock opened at $106.06 on Monday. The business has a 50 day moving average price of $104.97 and a two-hundred day moving average price of $106.00. The company has a market cap of $14.73 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 2.10 and a beta of 1.17. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $126.50.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.15. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The business’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, equities research analysts anticipate that Deckers Outdoor Corporation will post 7.45 EPS for the current fiscal year.

Deckers Outdoor 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.