Empowered Funds LLC Buys 487,117 Shares of Deckers Outdoor Corporation $DECK

Empowered Funds LLC grew its stake in shares of Deckers Outdoor Corporation (NYSE:DECKFree Report) by 6,520.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 494,588 shares of the textile maker’s stock after acquiring an additional 487,117 shares during the period. Empowered Funds LLC’s holdings in Deckers Outdoor were worth $49,503,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in 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 buying an additional 215 shares during the period. Elyxium Wealth LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter valued at about $30,000. Rakuten Securities Inc. grew its stake in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Activest Wealth Management increased its position in Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after acquiring an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new position in Deckers Outdoor during the fourth quarter worth about $35,000. Institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. UBS Group reiterated a “buy” rating on shares of Deckers Outdoor in a research note on Friday. Zacks Research downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Raymond James Financial downgraded shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target for the company. in a research report on Thursday, April 23rd. Argus set a $128.00 price target on Deckers Outdoor in a research report on Friday, May 29th. Finally, KGI Securities downgraded Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price for the company. in a research report on Friday, May 22nd. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $117.16.

Check Out Our Latest Research Report on DECK

Deckers Outdoor Trading Up 1.9%

Shares of NYSE:DECK opened at $97.90 on Tuesday. The firm has a 50 day moving average of $106.20 and a 200-day moving average of $105.96. The stock has a market capitalization of $13.60 billion, a PE ratio of 13.89, a PEG ratio of 1.90 and a beta of 1.17. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $125.45.

Deckers Outdoor (NYSE:DECKGet Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The company had revenue of $1.02 billion during 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 firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, research analysts predict that Deckers Outdoor Corporation will post 7.44 EPS for the current fiscal year.

Deckers Outdoor Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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