31,224 Shares of Deckers Outdoor Corporation $DECK Acquired by Draper Asset Management LLC

Key Points

• Draper Asset Management acquired 31,224 Deckers Outdoor shares worth approximately $2.44 million, making the company 1.1% of its portfolio. Institutional investors collectively own 97.79% of DECK.
• Deckers reported quarterly earnings of $0.94 per share, beating estimates of $0.88, while revenue reached $1.02 billion—up 5.7% year over year.
• DECK recently traded at $82.88, well below its 52-week high of $122.29. Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $114.42.

Draper Asset Management LLC bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 31,224 shares of the textile maker's stock, valued at approximately $2,440,000. Deckers Outdoor accounts for 1.1% of Draper Asset Management LLC's investment portfolio, making the stock its 16th largest position.

Other large investors also recently modified their holdings of the company. Orion Capital Management LLC bought a new position in Deckers Outdoor during the 2nd quarter valued at approximately $30,000. Hilton Head Capital Partners LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $35,000. Continuum Advisory LLC bought a new stake in shares of Deckers Outdoor in the 2nd quarter worth approximately $38,000. Toth Financial Advisory Corp increased its stake in shares of Deckers Outdoor by 785.7% during the third quarter. Toth Financial Advisory Corp now owns 620 shares of the textile maker's stock valued at $48,000 after buying an additional 550 shares during the period. Finally, Westfuller Advisors LLC increased its stake in shares of Deckers Outdoor by 28,000.0% during the first quarter. Westfuller Advisors LLC now owns 562 shares of the textile maker's stock valued at $56,000 after buying an additional 560 shares during the period. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Price Performance

DECK stock traded up $0.32 during midday trading on Friday, hitting $82.88. The stock had a trading volume of 2,158,727 shares, compared to its average volume of 2,489,380. The firm has a market cap of $11.29 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. The business has a 50-day moving average of $85.96 and a two-hundred day moving average of $97.93. Deckers Outdoor Corporation has a 52-week low of $77.20 and a 52-week high of $122.29.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm posted $0.93 EPS. Deckers Outdoor'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. Research analysts predict that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Weiss Ratings lowered Deckers Outdoor from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, September 3rd. BMO Capital Markets started coverage on shares of Deckers Outdoor in a research report on Tuesday, September 8th. They set an "underperform" rating and a $70.00 price objective on the stock. Wells Fargo & Company reissued an "underweight" rating and set a $85.00 price objective on shares of Deckers Outdoor in a research report on Friday, July 24th. Robert W. Baird decreased their price objective on shares of Deckers Outdoor from $125.00 to $115.00 and set a "neutral" rating for the company in a report on Friday, July 24th. Finally, Needham & Company LLC dropped their target price on shares of Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Deckers Outdoor has a consensus rating of "Hold" and a consensus price target of $114.42.

About Deckers Outdoor

Deckers Outdoor Corporation, doing business as Deckers Brands, is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual lifestyle products; HOKA, which develops performance running and outdoor footwear; and Teva, which offers outdoor and adventure sandals and footwear. The company also markets Koolaburra by UGG and other product lines.

Deckers sells its products through company-owned retail stores, e-commerce websites, wholesale accounts and selected distributors.

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