Engineers Gate Manager LP Boosts Position in Deckers Outdoor Corporation $DECK

Engineers Gate Manager LP raised its position in Deckers Outdoor Corporation (NYSE:DECKFree Report) by 1,894.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 564,874 shares of the textile maker’s stock after buying an additional 536,548 shares during the quarter. Deckers Outdoor makes up approximately 0.7% of Engineers Gate Manager LP’s portfolio, making the stock its 11th biggest position. Engineers Gate Manager LP’s holdings in Deckers Outdoor were worth $56,086,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in DECK. Revolve Wealth Partners LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Deckers Outdoor by 3.2% in the first 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 in the last quarter. Empowered Funds LLC raised its position in Deckers Outdoor by 165.6% during the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock worth $1,145,000 after acquiring an additional 6,384 shares during the last quarter. Focus Partners Wealth raised its position in shares of Deckers Outdoor by 8.1% during the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock worth $773,000 after purchasing an additional 521 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Deckers Outdoor by 163.2% in the second quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock valued at $1,062,000 after acquiring an additional 6,391 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DECK has been the subject of a number of recent research reports. Truist Financial lowered their price target on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a report on Friday, July 24th. Argus set a $128.00 target price on shares of Deckers Outdoor in a research report on Friday, May 29th. Stifel Nicolaus set a $133.00 target price on shares of Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, July 24th. Needham & Company LLC lowered their price objective on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Finally, Barclays set a $133.00 price objective on shares of Deckers Outdoor and gave the company an “overweight” rating in a research note on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Deckers Outdoor has an average rating of “Hold” and an average target price of $114.80.

Check Out Our Latest Research Report on DECK

Deckers Outdoor Trading Down 3.8%

Shares of NYSE DECK opened at $82.52 on Wednesday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $122.29. The company has a market cap of $11.24 billion, a PE ratio of 11.70, a P/E/G ratio of 1.33 and a beta of 1.15. The stock has a 50 day simple moving average of $96.55 and a 200-day simple moving average of $102.55.

Deckers Outdoor (NYSE:DECKGet Free Report) last posted its earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Sell-side analysts forecast that Deckers Outdoor Corporation will post 7.5 earnings per share 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.

Further Reading

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

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