Allstate Corp Has $1.06 Million Stock Holdings in Deckers Outdoor Corporation $DECK

Allstate Corp lifted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 86.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,252 shares of the textile maker’s stock after buying an additional 4,767 shares during the quarter. Allstate Corp’s holdings in Deckers Outdoor were worth $1,063,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Rakuten Securities Inc. lifted its stake in shares of Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Perennial Investment Advisors LLC raised its stake in Deckers Outdoor by 5.4% in the 3rd quarter. Perennial Investment Advisors LLC now owns 2,709 shares of the textile maker’s stock worth $275,000 after purchasing an additional 138 shares in the last quarter. BOKF NA raised its stake in Deckers Outdoor by 0.9% in the 3rd quarter. BOKF NA now owns 17,412 shares of the textile maker’s stock worth $1,765,000 after purchasing an additional 150 shares in the last quarter. Ritholtz Wealth Management raised its stake in Deckers Outdoor by 7.3% in the 4th quarter. Ritholtz Wealth Management now owns 2,232 shares of the textile maker’s stock worth $231,000 after purchasing an additional 152 shares in the last quarter. Finally, Salomon & Ludwin LLC raised its stake in Deckers Outdoor by 51.8% in the 4th quarter. Salomon & Ludwin LLC now owns 463 shares of the textile maker’s stock worth $50,000 after purchasing an additional 158 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 0.4%

Deckers Outdoor stock opened at $113.84 on Friday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $126.50. The firm’s fifty day moving average is $103.16 and its 200 day moving average is $102.73. The company has a market capitalization of $15.81 billion, a PE ratio of 16.17, a PEG ratio of 2.27 and a beta of 1.14.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company earned $1.00 EPS. Deckers Outdoor’s quarterly revenue was up 9.5% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Sell-side analysts expect that Deckers Outdoor Corporation will post 7.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wells Fargo & Company cut shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $115.00 to $90.00 in a research note on Friday, May 8th. Sanford C. Bernstein reissued a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. KGI Securities lowered shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price on the stock. in a report on Friday, May 22nd. Zacks Research lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $92.00 target price (up from $81.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor has an average rating of “Hold” and a consensus price target of $121.11.

About Deckers Outdoor

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.