American Century Companies Inc. Sells 284,485 Shares of Deckers Outdoor Corporation $DECK

American Century Companies Inc. trimmed its stake in Deckers Outdoor Corporation (NYSE:DECK) by 23.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 951,811 shares of the textile maker’s stock after selling 284,485 shares during the period. American Century Companies Inc. owned about 0.64% of Deckers Outdoor worth $98,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in DECK. Revolve Wealth Partners LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $247,000. Private Advisor Group LLC increased its holdings in Deckers Outdoor by 6.3% during the 1st quarter. Private Advisor Group LLC now owns 6,425 shares of the textile maker’s stock worth $718,000 after purchasing an additional 382 shares during the period. Avantax Advisory Services Inc. raised its position in Deckers Outdoor by 34.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,003 shares of the textile maker’s stock valued at $336,000 after purchasing an additional 768 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of Deckers Outdoor by 6.1% in the 1st quarter. HB Wealth Management LLC now owns 7,388 shares of the textile maker’s stock worth $826,000 after buying an additional 426 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Deckers Outdoor by 156.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 217,182 shares of the textile maker’s stock worth $24,283,000 after buying an additional 132,534 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the sale, the director owned 10,979 shares in the company, valued at approximately $1,295,741.58. This represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Angela Ogbechie sold 1,460 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $81.45, for a total value of $118,917.00. Following the completion of the sale, the insider directly owned 34,020 shares of the company’s stock, valued at $2,770,929. The trade was a 4.11% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the topic of several research reports. 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. Truist Financial set a $105.00 target price on shares of Deckers Outdoor and gave the stock a “buy” rating in a report on Friday, October 24th. The Goldman Sachs Group cut their target price on shares of Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating on the stock in a research report on Friday, October 24th. Bank of America upped their price target on shares of Deckers Outdoor from $120.00 to $122.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Finally, Barclays dropped their price objective on shares of Deckers Outdoor from $141.00 to $113.00 and set an “overweight” rating on the stock in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $117.58.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $85.39 on Wednesday. The company’s 50-day simple moving average is $94.33 and its 200-day simple moving average is $104.13. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $223.98. The stock has a market capitalization of $12.44 billion, a P/E ratio of 12.65, a P/E/G ratio of 3.79 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 23rd. The textile maker reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.24. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. Deckers Outdoor’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.59 earnings per share. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. On average, research analysts forecast 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.