Deckers Outdoor Corporation $DECK Holdings Raised by Delta Global Management LP

Delta Global Management LP grew its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 903.7% during the fourth quarter, Holdings Channel reports. The firm owned 204,876 shares of the textile maker’s stock after purchasing an additional 184,463 shares during the period. Deckers Outdoor accounts for about 1.0% of Delta Global Management LP’s portfolio, making the stock its 24th largest position. Delta Global Management LP’s holdings in Deckers Outdoor were worth $21,239,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. raised 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 in the last quarter. Elyxium Wealth LLC bought a new position in shares of Deckers Outdoor during the 4th quarter valued at $30,000. Rakuten Securities Inc. raised its holdings 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 valued at $33,000 after purchasing an additional 100 shares in the last quarter. Activest Wealth Management raised its holdings in shares of Deckers Outdoor by 298.8% during 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 in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Deckers Outdoor during the 4th quarter valued at $35,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Down 1.3%

NYSE:DECK opened at $112.38 on Tuesday. The firm has a market capitalization of $15.61 billion, a PE ratio of 15.96, a PEG ratio of 2.25 and a beta of 1.16. The firm’s fifty day simple moving average is $105.74 and its 200 day simple moving average is $105.04. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $126.50.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, analysts anticipate that Deckers Outdoor Corporation will post 7.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DECK shares. Truist Financial set a $125.00 target price on shares of Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, May 22nd. Argus set a $128.00 target price on shares of Deckers Outdoor in a research note on Friday, May 29th. Raymond James Financial lowered shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price on the stock. in a research note on Thursday, April 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Monday, April 20th. Finally, Wells Fargo & Company lowered shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $115.00 to $90.00 in a research note on Friday, May 8th. Nine investment 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 presently has a consensus rating of “Hold” and an average price target of $121.11.

About Deckers Outdoor

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.