Danske Bank A S acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 465,654 shares of the textile maker’s stock, valued at approximately $46,235,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DECK. Revolve Wealth Partners LLC purchased a new stake in Deckers Outdoor in the fourth quarter valued at $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Deckers Outdoor by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock valued at $1,858,000 after buying an additional 522 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Deckers Outdoor by 165.6% during the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after buying an additional 6,384 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of Deckers Outdoor by 8.1% in the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after buying an additional 521 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Deckers Outdoor by 163.2% in the 2nd quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock valued at $1,062,000 after buying an additional 6,391 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.
Wall Street Analysts Forecast Growth
DECK has been the topic of several analyst reports. Robert W. Baird dropped their target price on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Sanford C. Bernstein reissued a “market perform” rating and issued a $105.00 price target on shares of Deckers Outdoor in a report on Friday, May 22nd. Barclays set a $133.00 price objective on Deckers Outdoor and gave the stock an “overweight” rating in a research report on Friday, July 24th. UBS Group reaffirmed a “buy” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Finally, KGI Securities lowered shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price for the company. in a report on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $117.16.
Deckers Outdoor Stock Up 2.3%
Shares of Deckers Outdoor stock opened at $91.54 on Thursday. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $125.45. The business has a 50-day moving average price of $102.13 and a 200 day moving average price of $105.35. The firm has a market cap of $12.47 billion, a PE ratio of 12.98, a P/E/G ratio of 1.67 and a beta of 1.17.
Deckers Outdoor (NYSE:DECK – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the business posted $0.93 earnings per share. Deckers Outdoor’s revenue for the quarter was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, sell-side analysts expect that Deckers Outdoor Corporation will post 7.5 EPS for the current year.
Deckers Outdoor 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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