Assenagon Asset Management S.A. Purchases 120,735 Shares of Deckers Outdoor Corporation $DECK

Assenagon Asset Management S.A. grew its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 208.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 178,664 shares of the textile maker’s stock after purchasing an additional 120,735 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.12% of Deckers Outdoor worth $18,111,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Deckers Outdoor in the 2nd quarter valued at approximately $223,036,000. Tredje AP fonden increased its position in Deckers Outdoor by 507.2% in the 2nd quarter. Tredje AP fonden now owns 1,290,498 shares of the textile maker’s stock valued at $133,012,000 after acquiring an additional 1,077,965 shares during the period. Swedbank AB increased its position in Deckers Outdoor by 1,038.9% in the 1st quarter. Swedbank AB now owns 758,683 shares of the textile maker’s stock valued at $84,828,000 after acquiring an additional 692,065 shares during the period. Atreides Management LP raised its stake in shares of Deckers Outdoor by 123.6% during the first quarter. Atreides Management LP now owns 1,078,693 shares of the textile maker’s stock valued at $120,609,000 after acquiring an additional 596,359 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Deckers Outdoor by 46.5% during the second quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock worth $175,800,000 after purchasing an additional 541,657 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DECK. TD Cowen decreased their price objective on Deckers Outdoor from $125.00 to $124.00 and set a “buy” rating for the company in a report on Friday, October 24th. Raymond James Financial set a $115.00 price target on Deckers Outdoor and gave the company a “strong-buy” rating in a research report on Friday, October 24th. Zacks Research cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Truist Financial set a $105.00 price objective on Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Citigroup reduced 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. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $117.58.

Insider Buying and Selling

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of the stock in a transaction dated 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 owned 34,020 shares in the company, valued at approximately $2,770,929. This trade represents a 4.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $99.42 on Friday. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $223.98. The business’s 50 day simple moving average is $91.29 and its two-hundred day simple moving average is $101.82. The firm has a market cap of $14.49 billion, a P/E ratio of 14.73, a PEG ratio of 4.53 and a beta of 1.19.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share (EPS) 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 company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the firm earned $1.59 earnings per share. Deckers Outdoor’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. On average, equities analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.