Aspex Management HK Ltd Trims Stake in Deckers Outdoor Corporation $DECK

Aspex Management HK Ltd cut its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 26.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,198,917 shares of the textile maker’s stock after selling 426,724 shares during the quarter. Deckers Outdoor comprises 2.7% of Aspex Management HK Ltd’s investment portfolio, making the stock its 14th biggest holding. Aspex Management HK Ltd owned approximately 0.81% of Deckers Outdoor worth $123,572,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Deckers Outdoor by 0.6% during 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 in the last quarter. Geode Capital Management LLC lifted its position in Deckers Outdoor by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker’s stock valued at $454,662,000 after acquiring an additional 114,779 shares during the period. Northern Trust Corp boosted its stake in Deckers Outdoor by 6.2% during the first quarter. Northern Trust Corp now owns 1,680,558 shares of the textile maker’s stock worth $187,903,000 after acquiring an additional 98,856 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Deckers Outdoor by 6.8% during the first 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 worth $170,003,000 after acquiring an additional 97,312 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Deckers Outdoor by 46.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,410,262 shares of the textile maker’s stock worth $157,681,000 after purchasing an additional 447,734 shares during the period. Institutional investors own 97.79% of the company’s stock.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $81.45, for a total value of $118,917.00. Following the transaction, the insider owned 34,020 shares of the company’s stock, valued at approximately $2,770,929. This represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s 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 completion of the transaction, the director directly owned 10,979 shares in the company, valued at $1,295,741.58. The trade was a 2.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on DECK. Telsey Advisory Group dropped their price target 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. Citigroup dropped their target price on Deckers Outdoor from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, October 24th. UBS Group restated a “buy” rating on shares of Deckers Outdoor in a report on Friday, October 24th. Evercore ISI dropped their price target on shares of 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. Finally, Bank of America increased their price objective on shares of Deckers Outdoor from $120.00 to $122.00 and gave the company a “neutral” rating in a research report on Thursday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $117.58.

Deckers Outdoor Trading Up 2.0%

Shares of DECK stock opened at $87.19 on Thursday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $223.98. The stock has a market capitalization of $12.71 billion, a P/E ratio of 12.92, a P/E/G ratio of 3.79 and a beta of 1.10. The firm’s 50 day moving average is $93.69 and its 200 day moving average is $104.01.

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