Cetera Investment Advisers Has $2.48 Million Holdings in Deckers Outdoor Corporation $DECK

Cetera Investment Advisers decreased its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 35.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 24,017 shares of the textile maker’s stock after selling 13,025 shares during the period. Cetera Investment Advisers’ holdings in Deckers Outdoor were worth $2,475,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in DECK. Creative Planning grew its position in Deckers Outdoor by 7.9% during the second quarter. Creative Planning now owns 33,797 shares of the textile maker’s stock worth $3,483,000 after buying an additional 2,488 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Deckers Outdoor by 7.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,223 shares of the textile maker’s stock worth $3,837,000 after acquiring an additional 2,514 shares during the period. WP Advisors LLC acquired a new stake in shares of Deckers Outdoor during the 2nd quarter worth approximately $236,000. Capital Investment Counsel Inc bought a new stake in shares of Deckers Outdoor during the second quarter valued at approximately $3,008,000. Finally, Candriam S.C.A. raised its stake in shares of Deckers Outdoor by 797.3% in the second quarter. Candriam S.C.A. now owns 106,091 shares of the textile maker’s stock valued at $10,935,000 after purchasing an additional 94,268 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $88.20 on Friday. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 3.79 and a beta of 1.10. The company has a 50 day moving average of $92.61 and a 200-day moving average of $103.63. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 23rd. The textile maker reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.24. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.59 earnings per share. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. Equities research analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Monday, September 8th. The shares were 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 of the company’s stock, valued at $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela Ogbechie sold 1,460 shares of Deckers Outdoor stock in a transaction that occurred on Friday, October 31st. The shares were 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 in the company, valued at approximately $2,770,929. This represents a 4.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

DECK has been the topic of several analyst reports. Truist Financial set a $105.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, October 24th. Cowen reaffirmed a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 24th. KeyCorp upgraded Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. The Goldman Sachs Group cut their price objective on Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating for the company in a report on Friday, October 24th. Finally, Telsey Advisory Group lowered their target price on shares of Deckers Outdoor from $120.00 to $105.00 and set a “market perform” rating on the stock in a report on Friday, October 24th. Two equities research 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $117.58.

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.