Empowered Funds LLC Invests $37.36 Million in Deckers Outdoor Corporation $DECK

Key Points

• Empowered Funds LLC acquired 376,258 Deckers Outdoor shares worth approximately $37.36 million, representing 0.28% of the company. Institutional investors collectively own 97.79% of DECK.
• Analyst sentiment is mixed, with nine Buy, 13 Hold and two Sell ratings; the consensus rating is Hold with a $117.16 price target.
• DECK shares opened at $86.14, down 3.7%, despite the company beating quarterly EPS estimates and reporting 5.7% year-over-year revenue growth to $1.02 billion.

Empowered Funds LLC acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 376,258 shares of the textile maker's stock, valued at approximately $37,359,000. Empowered Funds LLC owned 0.28% of Deckers Outdoor at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DECK. BlackRock Inc. bought a new position in shares of Deckers Outdoor during the second quarter worth $1,343,613,000. Federated Hermes Inc. raised its stake in 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 period. Invesco Ltd. lifted its holdings in Deckers Outdoor by 0.5% during the fourth quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker's stock worth $285,380,000 after acquiring an additional 12,350 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Deckers Outdoor by 340.5% during the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker's stock worth $273,000,000 after acquiring an additional 2,035,517 shares in the last quarter. Finally, Norges Bank acquired a new position in Deckers Outdoor in the fourth quarter valued at about $252,729,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DECK. Barclays set a $133.00 price target on Deckers Outdoor and gave the stock an "overweight" rating in a research report on Friday, July 24th. Robert W. Baird lowered their target price on Deckers Outdoor from $125.00 to $115.00 and set a "neutral" rating for the company in a research note on Friday, July 24th. Piper Sandler restated a "neutral" rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Truist Financial cut their price target on shares of Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Finally, Stifel Nicolaus set a $133.00 price target on shares of Deckers Outdoor and gave the company a "buy" rating in a 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $117.16.

Deckers Outdoor Trading Down 3.7%

Shares of DECK opened at $86.14 on Friday. The stock has a market capitalization of $11.73 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 1.66 and a beta of 1.17. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $125.45. The firm has a fifty day simple moving average of $99.55 and a 200 day simple moving average of $104.29.

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 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 firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $0.93 EPS. The company's revenue 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. As a group, research analysts predict that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

Deckers Outdoor 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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