OFI Invest Asset Management Purchases 8,671 Shares of Deckers Outdoor Corporation $DECK

OFI Invest Asset Management grew its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 370,214 shares of the textile maker’s stock after purchasing an additional 8,671 shares during the period. OFI Invest Asset Management owned about 0.25% of Deckers Outdoor worth $37,529,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. J2 Capital Management Inc increased its holdings in shares of Deckers Outdoor by 24.3% in the third quarter. J2 Capital Management Inc now owns 5,955 shares of the textile maker’s stock worth $604,000 after buying an additional 1,163 shares during the period. Fluent Financial LLC bought a new position in shares of Deckers Outdoor during the third quarter valued at approximately $1,542,000. Marshall Financial Group LLC raised its holdings in Deckers Outdoor by 4.6% in the 3rd quarter. Marshall Financial Group LLC now owns 8,753 shares of the textile maker’s stock worth $887,000 after purchasing an additional 383 shares in the last quarter. Czech National Bank raised its stake in Deckers Outdoor by 1.6% in the third quarter. Czech National Bank now owns 37,677 shares of the textile maker’s stock worth $3,819,000 after buying an additional 579 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Deckers Outdoor by 208.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 178,664 shares of the textile maker’s stock worth $18,111,000 after acquiring an additional 120,735 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Deckers Outdoor

In other news, insider Angela Ogbechie sold 1,460 shares of the business’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 transaction, the insider owned 34,020 shares in the company, valued at $2,770,929. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Truist Financial set a $105.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, October 24th. Evercore ISI reduced their target price on shares of Deckers Outdoor from $115.00 to $110.00 and set an “in-line” rating on the stock in a research report on Friday, October 17th. Guggenheim started coverage on shares of Deckers Outdoor in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. Raymond James Financial set a $115.00 price objective on shares of Deckers Outdoor and gave the stock a “strong-buy” rating in a research note on Friday, October 24th. Finally, Cowen restated a “buy” rating on shares of Deckers Outdoor in a report on Friday, October 24th. Two 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Hold” and an average target price of $117.58.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $101.80 on Tuesday. The firm has a market cap of $14.84 billion, a P/E ratio of 15.08, a P/E/G ratio of 4.48 and a beta of 1.19. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $223.98. The firm has a 50-day simple moving average of $91.35 and a two-hundred day simple moving average of $101.72.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.24. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 earnings per share. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. On average, equities research analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor Company 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.