BlackRock Inc. purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 13,532,204 shares of the textile maker's stock, valued at approximately $1,343,613,000. BlackRock Inc. owned about 9.94% of Deckers Outdoor at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its holdings in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock worth $29,000 after acquiring an additional 215 shares during the period. Elyxium Wealth LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. grew its stake in Deckers Outdoor by 45.5% in 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 period. Activest Wealth Management raised its holdings in Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker's stock worth $34,000 after purchasing an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in Deckers Outdoor during the fourth quarter valued at $35,000. 97.79% of the stock is currently owned by institutional investors.
Deckers Outdoor Stock Down 3.1%
Shares of DECK opened at $88.70 on Friday. The business has a 50-day simple moving average of $101.62 and a two-hundred day simple moving average of $105.14. The stock has a market cap of $12.08 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.70 and a beta of 1.17. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $125.45.
Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping 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 business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the company posted $0.93 EPS. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, equities analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on DECK. Piper Sandler reissued a "neutral" rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Stifel Nicolaus set a $133.00 price objective on shares of Deckers Outdoor and gave the stock a "buy" rating in a report on Friday, July 24th. UBS Group reaffirmed a "buy" rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Needham & Company LLC dropped their price target on Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Finally, KGI Securities downgraded 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. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $117.16.
Read Our Latest Research Report on Deckers Outdoor
Deckers Outdoor Company Profile
(
Free Report)
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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