Aware Super Pty Ltd as trustee of Aware Super Acquires New Stake in Deckers Outdoor Corporation $DECK

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) in the first quarter, Holdings Channel reports. The firm acquired 328,833 shares of the textile maker’s stock, valued at approximately $32,913,000.

Several other hedge funds have also added to or reduced their stakes in DECK. Allspring Global Investments Holdings LLC lifted its holdings in shares of Deckers Outdoor by 24.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 407,698 shares of the textile maker’s stock valued at $43,538,000 after purchasing an additional 81,345 shares in the last quarter. ProShare Advisors LLC increased its holdings in Deckers Outdoor by 52.5% in the 4th quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker’s stock worth $4,356,000 after buying an additional 14,470 shares in the last quarter. SG Americas Securities LLC raised its position in Deckers Outdoor by 309.0% in the 4th quarter. SG Americas Securities LLC now owns 240,466 shares of the textile maker’s stock worth $24,929,000 after buying an additional 181,675 shares during the last quarter. Park Avenue Securities LLC raised its position in Deckers Outdoor by 19.8% in the 4th quarter. Park Avenue Securities LLC now owns 30,211 shares of the textile maker’s stock worth $3,132,000 after buying an additional 4,993 shares during the last quarter. Finally, Stratos Wealth Advisors LLC raised its position in Deckers Outdoor by 54.8% in the 4th quarter. Stratos Wealth Advisors LLC now owns 33,524 shares of the textile maker’s stock worth $3,475,000 after buying an additional 11,869 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DECK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a report on Monday, April 20th. Truist Financial set a $125.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, May 22nd. Wells Fargo & Company lowered Deckers Outdoor from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $115.00 to $90.00 in a report on Friday, May 8th. Piper Sandler reiterated a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $138.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $121.11.

Deckers Outdoor Trading Up 2.5%

NYSE DECK opened at $109.16 on Friday. The company’s 50 day moving average is $105.43 and its two-hundred day moving average is $106.17. The stock has a market cap of $15.16 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 2.11 and a beta of 1.17. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $126.50.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 EPS for the quarter, beating the consensus estimate of $0.81 by $0.15. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm earned $1.00 EPS. The company’s 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. Sell-side analysts forecast that Deckers Outdoor Corporation will post 7.45 EPS for the current year.

Deckers Outdoor 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.