Sumitomo Mitsui Trust Group Inc. Has $37.43 Million Stake in Deckers Outdoor Corporation $DECK

Sumitomo Mitsui Trust Group Inc. grew its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 363,179 shares of the textile maker’s stock after purchasing an additional 13,133 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of Deckers Outdoor worth $37,433,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. acquired a new position in Deckers Outdoor in the first quarter worth $34,000. Cromwell Holdings LLC boosted its stake in Deckers Outdoor by 4,766.7% in the second quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock worth $45,000 after purchasing an additional 429 shares in the last quarter. Olde Wealth Management LLC acquired a new position in Deckers Outdoor in the first quarter worth $47,000. Banque Transatlantique SA acquired a new position in Deckers Outdoor in the first quarter worth $51,000. Finally, Costello Asset Management INC acquired a new position in Deckers Outdoor in the first quarter worth $78,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the 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 transaction, the director owned 10,979 shares of the company’s stock, valued at approximately $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DECK shares. KeyCorp raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Evercore ISI reduced their price objective on 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. TD Cowen cut their price target on Deckers Outdoor from $125.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Bank of America upped their price target on Deckers Outdoor from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Finally, Jefferies Financial Group cut their price target on Deckers Outdoor from $114.00 to $107.00 and set a “hold” rating on the stock in a research note on Thursday, October 23rd. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.11.

Deckers Outdoor Trading Down 3.1%

NYSE:DECK opened at $87.68 on Wednesday. Deckers Outdoor Corporation has a 1-year low of $86.68 and a 1-year high of $223.98. The business’s 50-day moving average price is $108.00 and its two-hundred day moving average price is $108.22. The firm has a market capitalization of $13.01 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 4.09 and a beta of 1.05.

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

Deckers Outdoor Company Profile

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.