Deckers Outdoor Corporation $DECK Stock: State of Alaska Department of Revenue Increases Holdings

State of Alaska Department of Revenue grew its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 1,365.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 203,898 shares of the textile maker’s stock after acquiring an additional 189,989 shares during the period. State of Alaska Department of Revenue’s holdings in Deckers Outdoor were worth $15,933,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Curated Wealth Partners LLC acquired a new stake in shares of Deckers Outdoor during the third quarter worth $604,000. HBW Advisory Services LLC lifted its holdings in shares of Deckers Outdoor by 70.0% during the third quarter. HBW Advisory Services LLC now owns 3,010 shares of the textile maker’s stock valued at $235,000 after purchasing an additional 1,239 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Deckers Outdoor by 82.0% during the third quarter. Mather Group LLC. now owns 6,223 shares of the textile maker’s stock valued at $486,000 after purchasing an additional 2,804 shares during the last quarter. Triumph Capital Management boosted its position in shares of Deckers Outdoor by 4,487.5% in the 3rd quarter. Triumph Capital Management now owns 1,101 shares of the textile maker’s stock valued at $86,000 after purchasing an additional 1,077 shares during the period. Finally, Sanders Morris Harris LLC acquired a new position in shares of Deckers Outdoor in the 3rd quarter valued at $563,000. 97.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Needham & Company LLC dropped their price target on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Telsey Advisory Group restated a “market perform” rating and set a $105.00 price objective on shares of Deckers Outdoor in a report on Thursday. UBS Group reaffirmed a “buy” rating and set a $140.00 price objective on shares of Deckers Outdoor in a research note on Thursday. Barclays set a $133.00 price objective on shares of Deckers Outdoor and gave the company an “overweight” rating in a research note on Friday, July 24th. Finally, Stifel Nicolaus set a $133.00 target price on shares of Deckers Outdoor and gave the stock a “buy” rating in a report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Deckers Outdoor has an average rating of “Hold” and an average target price of $113.32.

Deckers Outdoor Stock Up 4.4%

Shares of DECK traded up $3.65 during mid-day trading on Thursday, reaching $86.47. The company’s stock had a trading volume of 1,346,772 shares, compared to its average volume of 2,487,117. The business has a fifty day moving average of $84.74 and a 200 day moving average of $97.49. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 1.30 and a beta of 1.12. Deckers Outdoor Corporation has a 1 year low of $77.20 and a 1 year high of $122.29.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the firm posted $0.93 earnings per share. Deckers Outdoor’s revenue was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, analysts predict that Deckers Outdoor Corporation will post 7.50 earnings per share for the current year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, doing business as Deckers Brands, is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual lifestyle products; HOKA, which develops performance running and outdoor footwear; and Teva, which offers outdoor and adventure sandals and footwear. The company also markets Koolaburra by UGG and other product lines.

Deckers sells its products through company-owned retail stores, e-commerce websites, wholesale accounts and selected distributors.