Illinois Municipal Retirement Fund Acquires 6,826 Shares of Deckers Outdoor Corporation $DECK

Illinois Municipal Retirement Fund boosted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 5.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 135,745 shares of the textile maker’s stock after buying an additional 6,826 shares during the period. Illinois Municipal Retirement Fund’s holdings in Deckers Outdoor were worth $13,587,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. boosted its holdings in shares of 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 buying an additional 2,485,338 shares during the period. Invesco Ltd. raised its holdings in shares of Deckers Outdoor by 0.5% during the fourth quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker’s stock worth $285,380,000 after acquiring an additional 12,350 shares during the period. AQR Capital Management LLC raised its holdings in shares of Deckers Outdoor by 340.5% during the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock worth $273,000,000 after acquiring an additional 2,035,517 shares during the period. Norges Bank bought a new stake in Deckers Outdoor in the 4th quarter valued at $252,729,000. Finally, Northern Trust Corp lifted its position in Deckers Outdoor by 3.1% in the 4th quarter. Northern Trust Corp now owns 1,774,448 shares of the textile maker’s stock valued at $183,957,000 after acquiring an additional 52,906 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on DECK. Raymond James Financial cut Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price for the company. in a report on Thursday, April 23rd. KGI Securities lowered Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target on the stock. in a report on Friday, May 22nd. UBS Group upped their price objective on Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Needham & Company LLC reissued a “buy” rating and issued a $138.00 target price on shares of Deckers Outdoor in a research report on Friday, May 22nd. Finally, Barclays restated an “overweight” rating and issued a $141.00 target price (down from $143.00) on shares of Deckers Outdoor in a research note on Tuesday, May 26th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $121.11.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $109.16 on Friday. The business has a 50-day moving average of $105.43 and a 200-day moving average of $106.17. The stock has a market capitalization 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 fifty-two week low of $78.91 and a fifty-two week high of $126.50.

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, topping the consensus estimate of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. Deckers Outdoor’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. On average, sell-side analysts expect that Deckers Outdoor Corporation will post 7.45 EPS 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.