Jupiter Topco LLC Invests $1.98 Million in Deckers Outdoor Corporation $DECK

Key Points

• Jupiter Topco LLC acquired 19,979 Deckers Outdoor shares worth approximately $1.98 million in the second quarter. Institutional investors and hedge funds collectively own 97.79% of the company.
• Analyst sentiment is mixed, with a consensus rating of “Hold” from 24 analysts and an average price target of $117.16; several firms recently lowered their targets.
• Deckers reported quarterly earnings of $0.94 per share, beating estimates of $0.88, while revenue rose 5.7% year over year to $1.02 billion. The stock opened at $84.32, near its one-year low of $78.91.

Jupiter Topco LLC acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,979 shares of the textile maker's stock, valued at approximately $1,983,000.

Several other hedge funds have also recently made changes to their positions in the company. Danske Bank A S purchased a new stake in Deckers Outdoor in the second quarter valued at approximately $46,235,000. Private Wealth Advisors LLC purchased a new position in Deckers Outdoor during the 2nd quarter worth approximately $4,634,000. ProShare Advisors LLC lifted its stake in Deckers Outdoor by 52.5% during the 4th quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker's stock valued at $4,356,000 after acquiring an additional 14,470 shares during the period. GSA Capital Partners LLP acquired a new stake in Deckers Outdoor during the 2nd quarter valued at approximately $1,870,000. Finally, Revolve Wealth Partners LLC acquired a new stake in Deckers Outdoor during the 4th quarter valued at approximately $247,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DECK. Truist Financial cut their price objective 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. Barclays set a $133.00 target price on shares of Deckers Outdoor and gave the company an "overweight" rating in a research report on Friday, July 24th. Argus set a $128.00 price target on shares of Deckers Outdoor in a report on Friday, May 29th. Telsey Advisory Group cut their price target on Deckers Outdoor from $113.00 to $105.00 and set a "market perform" rating on the stock in a research report on Friday, July 24th. Finally, Needham & Company LLC reduced their price objective on Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, July 24th. 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $117.16.

Deckers Outdoor Stock Performance

DECK stock opened at $84.32 on Friday. The firm has a market cap of $11.48 billion, a PE ratio of 11.96, a P/E/G ratio of 1.30 and a beta of 1.15. The firm's fifty day moving average is $97.56 and its 200 day moving average is $103.24. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $124.88.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its 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 business's quarterly 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. Research analysts predict that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal 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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