WP Advisors LLC Acquires Shares of 2,288 Deckers Outdoor Corporation $DECK

WP Advisors LLC bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,288 shares of the textile maker’s stock, valued at approximately $236,000.

Several other hedge funds also recently made changes to their positions in the business. Revolve Wealth Partners LLC bought a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $247,000. Alps Advisors Inc. raised its holdings in Deckers Outdoor by 33.7% in the 1st quarter. Alps Advisors Inc. now owns 3,056 shares of the textile maker’s stock valued at $342,000 after acquiring an additional 770 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Deckers Outdoor during the 1st quarter valued at $10,249,000. Wealthfront Advisers LLC lifted its position in shares of Deckers Outdoor by 25.8% during the 1st quarter. Wealthfront Advisers LLC now owns 4,219 shares of the textile maker’s stock valued at $472,000 after acquiring an additional 865 shares during the period. Finally, Larson Financial Group LLC grew its holdings in shares of Deckers Outdoor by 30.1% during the 1st quarter. Larson Financial Group LLC now owns 2,337 shares of the textile maker’s stock worth $261,000 after purchasing an additional 540 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DECK shares. KeyCorp raised shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Citigroup cut their price target on shares of Deckers Outdoor from $150.00 to $120.00 and set a “buy” rating for the company in a report on Friday, October 24th. Raymond James Financial set a $115.00 price target on shares of Deckers Outdoor and gave the stock a “strong-buy” rating in a research report on Friday, October 24th. Barclays decreased their price objective on shares of Deckers Outdoor from $141.00 to $113.00 and set an “overweight” rating on the stock in a research note on Monday, October 27th. Finally, Cowen restated a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Hold” and a consensus price target of $118.11.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $81.45, for a total value of $118,917.00. Following the completion of the transaction, the insider owned 34,020 shares of the company’s stock, valued at $2,770,929. This represents a 4.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the transaction, the director owned 10,979 shares of the company’s stock, valued at $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Price Performance

DECK stock opened at $83.08 on Friday. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 3.79 and a beta of 1.10. The company has a 50 day simple moving average of $99.83 and a 200 day simple moving average of $106.14. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.24. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $1.59 earnings per share. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. On average, equities research analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

About Deckers Outdoor

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.