Sanders Morris Harris LLC Buys New Shares in Deckers Outdoor Corporation $DECK

Sanders Morris Harris LLC bought a new position in Deckers Outdoor Corporation (NYSE:DECK) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 7,202 shares of the textile maker’s stock, valued at approximately $730,000.

Several other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of Deckers Outdoor by 2.7% in the second quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker’s stock worth $454,662,000 after buying an additional 114,779 shares during the period. Invesco Ltd. grew its position in Deckers Outdoor by 19.4% during the 2nd quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock worth $286,660,000 after acquiring an additional 452,081 shares during the last quarter. Norges Bank purchased a new position in Deckers Outdoor in the 2nd quarter worth approximately $223,036,000. Federated Hermes Inc. lifted its position in Deckers Outdoor by 46.5% in the second quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock valued at $175,800,000 after purchasing an additional 541,657 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Deckers Outdoor by 6.2% during the first quarter. Northern Trust Corp now owns 1,680,558 shares of the textile maker’s stock valued at $187,903,000 after purchasing an additional 98,856 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Deckers Outdoor

In other news, insider Angela Ogbechie sold 1,460 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $81.45, for a total value of $118,917.00. Following the sale, the insider directly owned 34,020 shares of the company’s stock, valued at $2,770,929. This represents a 4.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on DECK. KeyCorp upgraded shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Robert W. Baird lowered their price objective on shares of Deckers Outdoor from $150.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Needham & Company LLC cut their target price on Deckers Outdoor from $128.00 to $113.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Telsey Advisory Group lowered their price target on Deckers Outdoor from $120.00 to $105.00 and set a “market perform” rating for the company in a research report on Friday, October 24th. Finally, Wells Fargo & Company dropped their price objective on Deckers Outdoor from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $117.58.

Deckers Outdoor Price Performance

Shares of DECK opened at $102.45 on Thursday. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $223.98. The company has a 50-day simple moving average of $91.17 and a two-hundred day simple moving average of $101.87. The firm has a market capitalization of $14.93 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 4.70 and a beta of 1.19.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 23rd. The textile maker reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.24. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the business posted $1.59 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. Analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.