Healthcare of Ontario Pension Plan Trust Fund Reduces Stake in Deckers Outdoor Corporation $DECK

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 54.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,920 shares of the textile maker’s stock after selling 10,641 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Deckers Outdoor were worth $893,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Federated Hermes Inc. lifted its stake in Deckers Outdoor by 374.1% in the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after purchasing an additional 2,485,338 shares during the last quarter. Norges Bank purchased a new stake in Deckers Outdoor in the fourth quarter worth $252,729,000. AQR Capital Management LLC increased its position in Deckers Outdoor by 340.5% in the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock worth $273,000,000 after buying an additional 2,035,517 shares during the last quarter. Viking Global Investors LP bought a new stake in shares of Deckers Outdoor in the third quarter valued at $175,058,000. Finally, Marshall Wace LLP raised its stake in shares of Deckers Outdoor by 5,324.4% in the fourth quarter. Marshall Wace LLP now owns 1,498,106 shares of the textile maker’s stock valued at $155,309,000 after buying an additional 1,470,488 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $96.97 on Monday. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.80 and a beta of 1.17. The company’s fifty day simple moving average is $106.25 and its two-hundred day simple moving average is $105.87. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $125.45.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities research analysts anticipate that Deckers Outdoor Corporation will post 7.49 EPS for the current year.

Analyst Upgrades and Downgrades

DECK has been the topic of a number of recent research reports. Raymond James Financial cut Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target on the stock. in a research report on Thursday, April 23rd. Zacks Research cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Argus set a $128.00 price objective on Deckers Outdoor in a research note on Friday, May 29th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $85.00 price objective on shares of Deckers Outdoor in a report on Friday, July 24th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a research report on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $117.16.

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.