Stratos Wealth Advisors LLC Buys Shares of 20,989 Deckers Outdoor Corporation $DECK

Key Points

• Stratos Wealth Advisors LLC acquired 20,989 shares of Deckers Outdoor Corporation for about $2.16 million in the second quarter, reflecting a growing interest from institutional investors in the company's stock.
• Recent analyst updates have led to Deckers Outdoor receiving multiple upgrades, including a "strong-buy" rating from KeyCorp and Zacks Research, with analysts forecasting a price target of $136.00.
• The company's recent financial performance showed significant earnings growth, reporting $0.93 EPS for the quarter, which exceeded estimates, alongside a 16.9% year-over-year revenue increase.

Stratos Wealth Advisors LLC purchased a new position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,989 shares of the textile maker's stock, valued at approximately $2,163,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Marks Group Wealth Management Inc increased its position in Deckers Outdoor by 15.4% in the first quarter. Marks Group Wealth Management Inc now owns 62,902 shares of the textile maker's stock worth $7,033,000 after buying an additional 8,410 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Deckers Outdoor by 17.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock worth $1,997,000 after buying an additional 2,706 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Deckers Outdoor by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker's stock worth $116,310,000 after buying an additional 39,211 shares in the last quarter. Principal Financial Group Inc. increased its position in Deckers Outdoor by 17.7% in the first quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock worth $65,716,000 after buying an additional 88,179 shares in the last quarter. Finally, Jump Financial LLC increased its position in Deckers Outdoor by 5,481.7% in the first quarter. Jump Financial LLC now owns 156,568 shares of the textile maker's stock worth $17,506,000 after buying an additional 153,763 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the transaction, the director directly owned 10,979 shares of the company's stock, valued at approximately $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on DECK shares. KeyCorp upgraded Deckers Outdoor from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of Deckers Outdoor in a research report on Wednesday, October 8th. Telsey Advisory Group reiterated a "market perform" rating and set a $120.00 target price on shares of Deckers Outdoor in a research report on Friday. Zacks Research upgraded Deckers Outdoor from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 10th. Finally, Barclays increased their target price on Deckers Outdoor from $134.00 to $141.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of "Moderate Buy" and an average price target of $136.00.

Deckers Outdoor Trading Up 0.8%

Shares of Deckers Outdoor stock opened at $99.89 on Friday. The stock has a 50 day moving average of $109.12 and a 200 day moving average of $108.81. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98. The firm has a market cap of $14.82 billion, a PE ratio of 15.32, a PEG ratio of 3.79 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS 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 company had revenue of $964.54 million during the quarter, compared to analyst estimates of $901.45 million. During the same period in the prior year, the company earned $4.52 earnings per share. The firm'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 forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor 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.

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