Arlington Financial Advisors LLC purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,407 shares of the textile maker's stock, valued at approximately $1,751,000.
Other large investors have also recently modified their holdings of the company. Novem Group grew its position in shares of Deckers Outdoor by 6.3% during the 3rd quarter. Novem Group now owns 10,705 shares of the textile maker's stock worth $836,000 after buying an additional 633 shares during the period. Brown Lisle Cummings Inc. grew its holdings in Deckers Outdoor by 1,794.9% in the third quarter. Brown Lisle Cummings Inc. now owns 2,596 shares of the textile maker's stock worth $203,000 after purchasing an additional 2,459 shares during the period. IFP Advisors Inc grew its holdings in Deckers Outdoor by 72.5% in the third quarter. IFP Advisors Inc now owns 14,121 shares of the textile maker's stock worth $1,103,000 after purchasing an additional 5,933 shares during the period. Kintegral Advisory LLC grew its holdings in Deckers Outdoor by 35.9% in the third quarter. Kintegral Advisory LLC now owns 25,941 shares of the textile maker's stock worth $2,027,000 after purchasing an additional 6,850 shares during the period. Finally, Vontobel Holding Ltd. grew its stake in Deckers Outdoor by 55.8% in the third quarter. Vontobel Holding Ltd. now owns 11,210 shares of the textile maker's stock valued at $876,000 after acquiring an additional 4,015 shares during the period. Institutional investors own 97.79% of the company's stock.
Wall Street Analyst Weigh In
DECK has been the subject of a number of analyst reports. Raymond James Financial set a $105.00 price target on Deckers Outdoor and gave the company an "outperform" rating in a research note on Friday. Telsey Advisory Group reissued a "market perform" rating and issued a $105.00 price objective on shares of Deckers Outdoor in a research note on Thursday, October 15th. Truist Financial dropped their target price on Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, July 24th. KeyCorp reiterated a "sector weight" rating on shares of Deckers Outdoor in a report on Friday, July 24th. Finally, UBS Group reiterated a "buy" rating and issued a $140.00 target price on shares of Deckers Outdoor in a report on Thursday. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $111.84.
Read Our Latest Report on Deckers Outdoor
Deckers Outdoor Price Performance
NYSE DECK opened at $87.29 on Tuesday. Deckers Outdoor Corporation has a 1 year low of $77.20 and a 1 year high of $122.29. The stock has a market capitalization of $11.89 billion, a PE ratio of 12.16, a P/E/G ratio of 1.33 and a beta of 1.12. The company's 50 day simple moving average is $84.07 and its two-hundred day simple moving average is $97.28.
Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $0.93 EPS. The company's revenue for the quarter was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, research analysts anticipate that Deckers Outdoor Corporation will post 7.50 EPS for the current year.
Deckers Outdoor Company Profile
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Free Report)
Deckers Outdoor Corporation, doing business as Deckers Brands NYSE: DECK, is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.
The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.
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