OMERS ADMINISTRATION Corp acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 38,382 shares of the textile maker's stock, valued at approximately $3,811,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new stake in Deckers Outdoor in the fourth quarter worth approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Deckers Outdoor by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker's stock valued at $1,858,000 after purchasing an additional 522 shares during the period. Empowered Funds LLC raised its stake in shares of Deckers Outdoor by 165.6% in the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker's stock worth $1,145,000 after buying an additional 6,384 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Deckers Outdoor by 8.1% in the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker's stock valued at $773,000 after buying an additional 521 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Deckers Outdoor by 163.2% in the second quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker's stock valued at $1,062,000 after buying an additional 6,391 shares during the period. Institutional investors own 97.79% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on DECK. Piper Sandler reaffirmed 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 for the company in a report on Friday, July 24th. Weiss Ratings restated a "hold (c)" rating on shares of Deckers Outdoor in a research report on Friday, July 17th. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $85.00 price objective on shares of Deckers Outdoor in a research note on Friday, July 24th. Finally, KGI Securities downgraded shares of Deckers Outdoor from an "outperform" rating to a "neutral" rating and set a $117.00 target price on the stock. in a report on Friday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of "Hold" and a consensus price target of $117.16.
Check Out Our Latest Stock Analysis on DECK
Deckers Outdoor Stock Down 3.7%
Shares of NYSE DECK opened at $88.69 on Wednesday. The stock's fifty day simple moving average is $100.33 and its 200 day simple moving average is $104.65. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.71 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 earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating 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 business posted $0.93 earnings per share. Deckers Outdoor'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, analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.
About Deckers Outdoor
(
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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