Empowered Funds LLC Invests $37.36 Million in Deckers Outdoor Corporation $DECK

Empowered Funds LLC acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 376,258 shares of the textile maker’s stock, valued at approximately $37,359,000.

Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its stake in 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 acquiring an additional 215 shares during the last quarter. Elyxium Wealth LLC bought a new position in shares of Deckers Outdoor in the 4th quarter valued at about $30,000. Rakuten Securities Inc. increased its stake in shares of Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares during the last quarter. Activest Wealth Management raised its holdings in shares of Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $35,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $86.14 on Friday. The business’s 50 day simple moving average is $99.55 and its 200 day simple moving average is $104.29. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $125.45. The company has a market capitalization of $11.73 billion, a P/E ratio of 12.22, a P/E/G ratio of 1.66 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK – Get Free Report) last released its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (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 for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm posted $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. On average, sell-side analysts anticipate that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Telsey Advisory Group reduced their price objective on shares of Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a research report on Friday, July 24th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $85.00 target price on shares of Deckers Outdoor in a research report on Friday, July 24th. Sanford C. Bernstein reiterated a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a research note on Friday, May 22nd. Needham & Company LLC dropped their price target on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a report on Friday, July 24th. Finally, Barclays set a $133.00 price objective on Deckers Outdoor and gave the company an “overweight” rating in a report on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $117.16.

View Our Latest Analysis on Deckers Outdoor

About Deckers Outdoor

(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.

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