Van ECK Associates Corp Increases Position in Deckers Outdoor Corporation $DECK

Key Points

• Van ECK Associates increased its Deckers Outdoor stake by 33.5% in the second quarter, holding 58,538 shares valued at approximately $5.8 million. Institutional investors collectively own 97.79% of the company.
• Analyst sentiment remains mixed, with nine Buy, thirteen Hold, and two Sell ratings. The consensus rating is Hold, with an average price target of $117.16.
• Deckers reported quarterly EPS of $0.94, beating estimates of $0.88, while revenue rose 5.7% year over year to $1.02 billion. DECK opened at $83.76, near its one-year low of $78.91 and below its 50-day and 200-day moving averages.

Van ECK Associates Corp boosted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 33.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,538 shares of the textile maker's stock after buying an additional 14,675 shares during the period. Van ECK Associates Corp's holdings in Deckers Outdoor were worth $5,812,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DECK. Geneos Wealth Management Inc. grew its position in shares of Deckers Outdoor by 330.8% in 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 during the period. Elyxium Wealth LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter valued at $30,000. Orion Capital Management LLC acquired a new position in shares of Deckers Outdoor during the second quarter worth about $30,000. Rakuten Securities Inc. grew its holdings in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker's stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Truist Financial reduced their price objective on shares of Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. UBS Group restated a "buy" rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Wells Fargo & Company restated an "underweight" rating and set a $85.00 price objective on shares of Deckers Outdoor in a research note on Friday, July 24th. KeyCorp restated a "sector weight" rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Deckers Outdoor in a report on Friday, July 17th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $117.16.

Deckers Outdoor Price Performance

DECK stock opened at $83.76 on Thursday. The company has a market cap of $11.41 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 1.31 and a beta of 1.15. The stock's fifty day moving average price is $97.93 and its 200-day moving average price is $103.46. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year 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 analysts' consensus estimates of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the prior year, the company earned $0.93 earnings per share. The firm's 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. As a group, analysts expect that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Deckers Outdoor Company 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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