Goldman Sachs Group Inc. Grows Position in Deckers Outdoor Corporation $DECK

Goldman Sachs Group Inc. increased its stake in Deckers Outdoor Corporation (NYSE:DECK) by 109.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,656,405 shares of the textile maker’s stock after buying an additional 867,397 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Deckers Outdoor were worth $171,720,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of DECK. Revolve Wealth Partners LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Deckers Outdoor by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock valued at $1,858,000 after buying an additional 522 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Deckers Outdoor by 165.6% in the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after buying an additional 6,384 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Deckers Outdoor by 8.1% in the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after buying an additional 521 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Deckers Outdoor by 163.2% in the second quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock valued at $1,062,000 after buying an additional 6,391 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DECK. Piper Sandler upgraded Deckers Outdoor from an “underweight” rating to a “neutral” rating and increased their target price for the company from $95.00 to $100.00 in a research note on Monday, May 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Monday, April 20th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a research note on Friday, May 22nd. KGI Securities lowered Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price for the company. in a research note on Friday, May 22nd. Finally, UBS Group raised their price objective on Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. 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, the stock currently has an average rating of “Hold” and an average target price of $121.11.

Deckers Outdoor Stock Up 0.0%

Shares of NYSE DECK opened at $108.15 on Monday. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $126.50. The business has a 50 day moving average price of $103.90 and a two-hundred day moving average price of $103.83. The firm has a market cap of $15.02 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 2.14 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm earned $1.00 EPS. Deckers Outdoor’s quarterly revenue was up 9.5% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, analysts anticipate that Deckers Outdoor Corporation will post 7.44 earnings per share 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.