Tidal Investments LLC Buys 13,445 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Tidal Investments increased its Deckers Outdoor stake by 37.9% in the second quarter, purchasing 13,445 additional shares and bringing its holdings to 48,934 shares valued at approximately $4.86 million.
• Institutional investors own 97.79% of Deckers Outdoor. Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $114.80.
• 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. Shares opened at $81.39, near their one-year low of $78.91.

Tidal Investments LLC boosted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 37.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,934 shares of the textile maker's stock after purchasing an additional 13,445 shares during the period. Tidal Investments LLC's holdings in Deckers Outdoor were worth $4,859,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its stake in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock worth $29,000 after purchasing an additional 215 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of Deckers Outdoor in the fourth quarter valued at $30,000. Orion Capital Management LLC acquired a new position in Deckers Outdoor during the second quarter worth $30,000. Rakuten Securities Inc. increased its holdings 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. Finally, Hilton Head Capital Partners LLC bought a new stake in Deckers Outdoor during the fourth quarter worth $35,000. 97.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on DECK shares. Sanford C. Bernstein reiterated a "market perform" rating and issued a $105.00 price target on shares of Deckers Outdoor in a research note on Friday, May 22nd. Barclays set a $133.00 target price on shares of Deckers Outdoor and gave the company an "overweight" rating in a report on Friday, July 24th. Telsey Advisory Group cut their target price on shares of Deckers Outdoor from $113.00 to $105.00 and set a "market perform" rating for the company in a research note on Friday, July 24th. UBS Group reiterated a "buy" rating on shares of Deckers Outdoor in a research note on Friday. Finally, Stifel Nicolaus set a $133.00 price target on Deckers Outdoor and gave the stock a "buy" rating in a research report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $114.80.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $81.39 on Monday. The business has a fifty day simple moving average of $95.18 and a two-hundred day simple moving average of $101.76. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $122.29. The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 1.26 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, equities analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

About Deckers Outdoor

Deckers Outdoor Corporation NYSE: DECK designs, markets and distributes branded footwear, apparel and accessories. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, a performance and lifestyle footwear brand; Teva, which specializes in outdoor and adventure sandals and footwear; and Koolaburra by UGG, which offers accessible casual footwear and related products.

The company sells its products through department and specialty stores, independent retailers, digital commerce platforms and its own brand websites and retail stores.

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