DAVENPORT & Co LLC Reduces Position in Deckers Outdoor Corporation $DECK

DAVENPORT & Co LLC cut its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 14.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,417 shares of the textile maker’s stock after selling 423 shares during the period. DAVENPORT & Co LLC’s holdings in Deckers Outdoor were worth $249,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DECK. Marks Group Wealth Management Inc boosted its stake in Deckers Outdoor by 16.5% in the second quarter. Marks Group Wealth Management Inc now owns 73,272 shares of the textile maker’s stock worth $7,552,000 after buying an additional 10,370 shares in the last quarter. Running Oak Capital LLC raised its holdings in shares of Deckers Outdoor by 31.2% during the second quarter. Running Oak Capital LLC now owns 147,979 shares of the textile maker’s stock valued at $15,252,000 after acquiring an additional 35,158 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of Deckers Outdoor during the second quarter valued at approximately $1,188,000. Penobscot Investment Management Company Inc. raised its holdings in Deckers Outdoor by 27.3% in the second quarter. Penobscot Investment Management Company Inc. now owns 46,968 shares of the textile maker’s stock worth $4,841,000 after purchasing an additional 10,085 shares in the last quarter. Finally, AMF Tjanstepension AB raised its holdings in Deckers Outdoor by 83.0% in the second quarter. AMF Tjanstepension AB now owns 1,091,975 shares of the textile maker’s stock worth $112,550,000 after purchasing an additional 495,240 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Insider Activity at Deckers Outdoor

In related 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 owned 10,979 shares of the company’s stock, valued at approximately $1,295,741.58. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DECK shares. The Goldman Sachs Group dropped their price objective on Deckers Outdoor from $90.00 to $87.00 and set a “sell” rating on the stock in a research report on Tuesday, July 22nd. Barclays raised their price objective on Deckers Outdoor from $134.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Bank of America lifted their target price on Deckers Outdoor from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Truist Financial lifted their price objective on Deckers Outdoor from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, Robert W. Baird lifted their target price on Deckers Outdoor from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Hold” and a consensus target price of $136.26.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $98.47 on Tuesday. The business’s 50-day moving average is $109.52 and its 200 day moving average is $109.15. The firm has a market capitalization of $14.61 billion, a P/E ratio of 15.10, a P/E/G ratio of 3.62 and a beta of 1.05. Deckers Outdoor Corporation has a 1 year low of $93.72 and a 1 year high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.25. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The firm had revenue of $964.54 million for the quarter, compared to the consensus estimate of $901.45 million. During the same quarter in the prior year, the business earned $4.52 earnings per share. The company’s revenue was up 16.9% compared to the same quarter last year. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, analysts expect that Deckers Outdoor Corporation will post 5.89 EPS 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.