Perigon Wealth Management LLC Makes New Investment in Deckers Outdoor Corporation $DECK

Key Points

• Perigon Wealth Management LLC acquired 2,491 shares of Deckers Outdoor Corporation, valued at approximately $257,000, marking a significant new investment in the company.
• Deckers Outdoor recently reported strong quarterly earnings, with $0.93 earnings per share, surpassing analyst expectations and reflecting a 16.9% year-over-year revenue increase.
• Multiple analysts have given the stock various ratings, with a consensus rating of "Hold" and a target price of $136.32 as of the latest evaluations.

Perigon Wealth Management LLC purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,491 shares of the textile maker's stock, valued at approximately $257,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. purchased a new stake in Deckers Outdoor during the first quarter valued at approximately $34,000. Olde Wealth Management LLC acquired a new position in shares of Deckers Outdoor during the first quarter worth $47,000. Banque Transatlantique SA purchased a new stake in shares of Deckers Outdoor during the 1st quarter valued at $51,000. Costello Asset Management INC purchased a new stake in shares of Deckers Outdoor during the 1st quarter valued at $78,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Deckers Outdoor by 23.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 822 shares of the textile maker's stock worth $85,000 after purchasing an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Truist Financial increased their price target on Deckers Outdoor from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Sanford C. Bernstein started coverage on shares of Deckers Outdoor in a report on Thursday, September 18th. They set an "underperform" rating and a $100.00 price objective on the stock. Barclays lifted their target price on shares of Deckers Outdoor from $134.00 to $141.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Robert W. Baird upped their price target on shares of Deckers Outdoor from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $120.00 price target on shares of Deckers Outdoor in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $136.32.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $101.34 on Wednesday. The firm's fifty day moving average is $111.05 and its two-hundred day moving average is $110.32. The firm has a market cap of $15.03 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 3.94 and a beta of 1.05. Deckers Outdoor Corporation has a one year low of $93.72 and a one year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The business had revenue of $964.54 million during the quarter, compared to analyst estimates of $901.45 million. During the same quarter last year, the business posted $4.52 EPS. The company's revenue was up 16.9% on a year-over-year basis. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, equities research analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the sale, the director owned 10,979 shares of the company's stock, valued at $1,295,741.58. This trade represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.40% of the company's stock.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.

Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Corporation (NYSE:DECK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.