Van Hulzen Asset Management LLC Decreases Stock Holdings in Deckers Outdoor Corporation $DECK

Van Hulzen Asset Management LLC lessened its stake in shares of Deckers Outdoor Corporation (NYSE:DECKFree Report) by 78.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,691 shares of the textile maker’s stock after selling 13,771 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Deckers Outdoor were worth $366,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Elyxium Wealth LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter worth $30,000. Orion Capital Management LLC purchased a new position in shares of Deckers Outdoor in the 2nd quarter worth $30,000. Rakuten Securities Inc. grew its holdings 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 worth $33,000 after acquiring an additional 100 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new stake in Deckers Outdoor during the fourth quarter valued at $35,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $79.81 on Friday. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $122.29. The company has a market capitalization of $10.87 billion, a P/E ratio of 11.32, a P/E/G ratio of 1.25 and a beta of 1.15. The company has a fifty day moving average of $95.65 and a 200 day moving average of $102.01.

Deckers Outdoor (NYSE:DECKGet Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The business 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 business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Analysts forecast that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Telsey Advisory Group dropped their target price on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a research report on Friday, July 24th. Robert W. Baird reduced their price objective on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Barclays set a $133.00 target price on Deckers Outdoor and gave the stock an “overweight” rating in a report on Friday, July 24th. Argus set a $128.00 price target on Deckers Outdoor in a report on Friday, May 29th. Finally, Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $114.80.

Get Our Latest Stock Analysis on Deckers Outdoor

Deckers Outdoor Company Profile

(Free Report)

Deckers Outdoor Corporation (NYSE: DECK) designs, markets and distributes branded footwear, apparel and accessories. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, a performance and lifestyle footwear brand; Teva, which specializes in outdoor and adventure sandals and footwear; and Koolaburra by UGG, which offers accessible casual footwear and related products.

The company sells its products through department and specialty stores, independent retailers, digital commerce platforms and its own brand websites and retail stores.

See Also

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

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