NewEdge Wealth LLC Purchases New Position in Deckers Outdoor Corporation $DECK

Key Points

• NewEdge Wealth purchased 12,365 shares of Deckers Outdoor in the second quarter, valued at approximately $1.23 million. Institutional investors collectively own 97.79% of the company.
• 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.
• Analyst sentiment remains mixed: the stock has a consensus rating of “Hold” and an average price target of $117.16, compared with a recent share price of $91.50.

NewEdge Wealth LLC bought a new stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 12,365 shares of the textile maker's stock, valued at approximately $1,228,000.

A number of other hedge funds also recently bought and sold shares of DECK. Geneos Wealth Management Inc. lifted its holdings in Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock valued at $29,000 after purchasing an additional 215 shares in the last quarter. Elyxium Wealth LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. boosted its stake in 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 buying an additional 100 shares during the last quarter. Activest Wealth Management boosted its position in shares of Deckers Outdoor by 298.8% during the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker's stock valued at $34,000 after acquiring an additional 245 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in Deckers Outdoor in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Up 3.0%

NYSE DECK opened at $91.50 on Friday. The firm has a 50-day moving average price of $101.17 and a 200 day moving average price of $105.04. The stock has a market capitalization of $12.46 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.65 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 announced 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 firm 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 posted $0.93 earnings per share. Deckers Outdoor'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. On average, equities research analysts expect that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DECK. Sanford C. Bernstein reiterated a "market perform" rating and set a $105.00 price target on shares of Deckers Outdoor in a report on Friday, May 22nd. Stifel Nicolaus set a $133.00 price target on shares of Deckers Outdoor and gave the stock a "buy" rating in a research note on Friday, July 24th. Telsey Advisory Group lowered their price objective on Deckers Outdoor from $113.00 to $105.00 and set a "market perform" rating for the company in a research report on Friday, July 24th. Truist Financial lowered their target price on shares of Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Finally, Wells Fargo & Company reiterated an "underweight" rating and issued a $85.00 price target on shares of Deckers Outdoor in a research note on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $117.16.

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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