Beacon Pointe Advisors LLC Buys Shares of 83,881 Deckers Outdoor Corporation $DECK

Key Points

• Beacon Pointe Advisors acquired 83,881 shares of Deckers Outdoor in the second quarter, valued at approximately $8.3 million, while institutional investors collectively own 97.79% of the company.
• Analyst sentiment remains mixed, with nine Buy, 13 Hold and two Sell ratings. The consensus rating is Hold, with an average price target of $117.16.
• Deckers reported quarterly earnings of $0.94 per share, beating estimates of $0.88, while revenue reached $1.02 billion and increased 5.7% year over year. The stock recently opened at $87.90, near the lower end of its 52-week range.

Beacon Pointe Advisors LLC purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 83,881 shares of the textile maker's stock, valued at approximately $8,329,000. Beacon Pointe Advisors LLC owned about 0.06% of Deckers Outdoor at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Deckers Outdoor in the 2nd quarter valued at about $1,343,613,000. Federated Hermes Inc. increased its holdings in shares of Deckers Outdoor by 374.1% during the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker's stock worth $326,531,000 after buying an additional 2,485,338 shares during the last quarter. Norges Bank acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth approximately $252,729,000. AQR Capital Management LLC raised its position in shares of Deckers Outdoor by 340.5% during the 4th quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker's stock valued at $273,000,000 after buying an additional 2,035,517 shares during the period. Finally, Viking Global Investors LP purchased a new stake in shares of Deckers Outdoor during the 3rd quarter valued at approximately $175,058,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DECK. Truist Financial decreased their price target on Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Robert W. Baird reduced their price objective on shares of Deckers Outdoor from $125.00 to $115.00 and set a "neutral" rating on the stock in a report on Friday, July 24th. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $85.00 target price on shares of Deckers Outdoor in a research report on Friday, July 24th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Deckers Outdoor in a research note on Friday, July 17th. Finally, Stifel Nicolaus set a $133.00 price target on shares of Deckers Outdoor and gave the company a "buy" rating in a research report on Friday, July 24th. Nine investment 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 MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $117.16.

Deckers Outdoor Stock Up 1.8%

Deckers Outdoor stock opened at $87.90 on Friday. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $125.45. The firm has a market cap of $11.97 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17. The company's 50 day moving average is $99.12 and its two-hundred day moving average is $104.18.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping 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 business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. The company'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. On average, equities research analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

About Deckers Outdoor

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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