WINTON GROUP Ltd Boosts Stock Position in Deckers Outdoor Corporation $DECK

Key Points

• WINTON GROUP Ltd increased its Deckers Outdoor stake by 153.6% in the second quarter, ending with 64,258 shares valued at approximately $6.38 million. Institutional investors collectively own 97.79% of DECK.
• Deckers reported quarterly EPS of $0.94, exceeding the $0.88 consensus estimate, while revenue reached $1.02 billion and rose 5.7% year over year.
• DECK shares opened at $79.81, near their 52-week low, while analysts maintain a consensus “Hold” rating with an average price target of $114.80.

WINTON GROUP Ltd lifted its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 153.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,258 shares of the textile maker's stock after buying an additional 38,921 shares during the period. WINTON GROUP Ltd's holdings in Deckers Outdoor were worth $6,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DECK. Danske Bank A S acquired a new stake in shares of Deckers Outdoor during the second quarter worth $46,235,000. Private Wealth Advisors LLC purchased a new stake in shares of Deckers Outdoor in the second quarter worth about $4,634,000. ProShare Advisors LLC raised its position in Deckers Outdoor by 52.5% during the fourth quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker's stock valued at $4,356,000 after acquiring an additional 14,470 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Deckers Outdoor during the second quarter valued at approximately $1,870,000. Finally, Revolve Wealth Partners LLC acquired a new position in Deckers Outdoor in the fourth quarter valued at approximately $247,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $79.81 on Friday. The company has a fifty day moving average of $95.65 and a two-hundred day moving average of $102.01. The stock has a market capitalization of $10.87 billion, a PE ratio of 11.32, a P/E/G ratio of 1.25 and a beta of 1.15. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $122.29.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping 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 company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $0.93 EPS. Deckers Outdoor's quarterly 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. Research analysts forecast that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on DECK shares. Robert W. Baird lowered their price objective on Deckers Outdoor from $125.00 to $115.00 and set a "neutral" rating on the stock in a research report on Friday, July 24th. Wells Fargo & Company reaffirmed an "underweight" rating and set a $85.00 target price on shares of Deckers Outdoor in a report on Friday, July 24th. Piper Sandler reiterated a "neutral" rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. Truist Financial lowered their price target on shares of Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Finally, Telsey Advisory Group dropped their price target on shares of Deckers Outdoor from $113.00 to $105.00 and set a "market perform" rating on the stock in a research report on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $114.80.

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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