Cetera Investment Advisers Acquires 11,432 Shares of Deckers Outdoor Corporation $DECK

Cetera Investment Advisers grew its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK – Free Report) by 33.4% during the 1st quarter, HoldingsChannel reports. The fund owned 45,627 shares of the textile maker’s stock after acquiring an additional 11,432 shares during the quarter. Cetera Investment Advisers’ holdings in Deckers Outdoor were worth $4,567,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its holdings in shares of Deckers Outdoor by 330.8% during the 2nd 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 during the last quarter. Elyxium Wealth LLC purchased a new position in Deckers Outdoor in the 4th quarter worth approximately $30,000. Rakuten Securities Inc. lifted its position in Deckers Outdoor by 45.5% in 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 during the last quarter. Activest Wealth Management lifted its position in Deckers Outdoor by 298.8% in 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 during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter valued at approximately $35,000. 97.79% of the stock is currently owned by institutional investors.

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Deckers Outdoor Price Performance

Shares of DECK opened at $99.31 on Tuesday. The company has a 50-day simple moving average of $106.11 and a two-hundred day simple moving average of $105.86. The firm has a market capitalization of $13.52 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 1.80 and a beta of 1.17. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $125.45.

Deckers Outdoor (NYSE:DECK – Get Free Report) last posted its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share 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 firm 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 earned $0.93 EPS. The business’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. Analysts expect that Deckers Outdoor Corporation will post 7.49 EPS for the current fiscal year.

Analyst Ratings Changes

DECK has been the topic of several recent analyst reports. Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Telsey Advisory Group lowered their price target on shares of Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a report on Friday, July 24th. Stifel Nicolaus set a $133.00 price target on shares of Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, July 24th. Needham & Company LLC cut their price target on shares of Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research report on Friday, July 17th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $117.16.

Read Our Latest Report on Deckers Outdoor

Deckers Outdoor Company 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.

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