Aljian Capital Management LLC Invests $6.25 Million in Deckers Outdoor Corporation $DECK

Key Points

• Aljian Capital Management acquired 62,993 Deckers Outdoor shares worth approximately $6.25 million during the second quarter, making DECK about 1.2% of its portfolio. Institutional investors collectively own 97.79% of the company.
• Analyst sentiment is mixed: nine analysts rate DECK a Buy, 13 a Hold and two a Sell, producing a consensus rating of Hold and an average price target of $117.16.
• Deckers reported quarterly EPS of $0.94, beating expectations of $0.88, while revenue rose 5.7% year over year to $1.02 billion. The stock opened at $89.52, below its 50-day and 200-day moving averages.

Aljian Capital Management LLC acquired a new position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 62,993 shares of the textile maker's stock, valued at approximately $6,255,000. Deckers Outdoor makes up about 1.2% of Aljian Capital Management LLC's holdings, making the stock its 14th largest holding.

Other hedge funds have also modified their holdings of the company. Costello Asset Management INC lifted its holdings in Deckers Outdoor by 14.3% in the 1st quarter. Costello Asset Management INC now owns 800 shares of the textile maker's stock valued at $80,000 after purchasing an additional 100 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker's stock worth $33,000 after purchasing an additional 100 shares during the last quarter. Hilton Head Capital Partners LLC boosted its holdings in shares of Deckers Outdoor by 29.8% during the first quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker's stock worth $44,000 after purchasing an additional 101 shares during the last quarter. GW Henssler & Associates Ltd. grew its position in shares of Deckers Outdoor by 5.8% in the fourth quarter. GW Henssler & Associates Ltd. now owns 2,159 shares of the textile maker's stock valued at $224,000 after purchasing an additional 118 shares during the period. Finally, Cim LLC boosted its stake in Deckers Outdoor by 1.1% in the 1st quarter. Cim LLC now owns 12,207 shares of the textile maker's stock worth $1,222,000 after buying an additional 133 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DECK has been the topic of several research analyst reports. Argus set a $128.00 target price on shares of Deckers Outdoor in a research report on Friday, May 29th. KGI Securities downgraded shares of Deckers Outdoor from an "outperform" rating to a "neutral" rating and set a $117.00 price target on the stock. in a research note on Friday, May 22nd. UBS Group reissued a "buy" rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $105.00 price target on shares of Deckers Outdoor in a report on Friday, May 22nd. Finally, Truist Financial lowered their target price on Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $117.16.

Deckers Outdoor Stock Down 0.7%

DECK stock opened at $89.52 on Wednesday. The stock's 50 day moving average is $102.52 and its two-hundred day moving average is $105.41. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $125.45. The company has a market capitalization of $12.19 billion, a PE ratio of 12.70, a P/E/G ratio of 1.73 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results 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 return on equity of 41.51% and a net margin of 18.54%.The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the prior year, the business posted $0.93 EPS. The business's revenue was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, sell-side analysts anticipate that Deckers Outdoor Corporation will post 7.5 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.

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