James Investment Research Inc. decreased its position in Deckers Outdoor Corporation (NYSE:DECK – Free Report) by 17.8% during the first quarter, HoldingsChannel.com reports. The fund owned 37,102 shares of the textile maker’s stock after selling 8,009 shares during the quarter. James Investment Research Inc.’s holdings in Deckers Outdoor were worth $3,714,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in shares of 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 purchasing an additional 215 shares in the last quarter. Elyxium Wealth LLC bought a new stake in Deckers Outdoor in the fourth quarter worth $30,000. Rakuten Securities Inc. raised its stake in Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. Activest Wealth Management raised its stake in Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position 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.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. Telsey Advisory Group set a $113.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 22nd. Argus set a $128.00 price target on shares of Deckers Outdoor in a report on Friday, May 29th. UBS Group lifted their price target on Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Raymond James Financial cut Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price objective on the stock. in a research note on Thursday, April 23rd. Finally, Truist Financial set a $125.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, May 22nd. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $121.11.
Deckers Outdoor Trading Up 1.1%
DECK stock opened at $100.34 on Thursday. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $126.50. The company has a 50-day moving average price of $105.26 and a 200 day moving average price of $105.86. The stock has a market cap of $13.94 billion, a PE ratio of 14.25, a P/E/G ratio of 1.96 and a beta of 1.16.
Deckers Outdoor (NYSE:DECK – Get Free Report) last posted its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.15. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Sell-side analysts forecast that Deckers Outdoor Corporation will post 7.45 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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