8,940 Shares in Deckers Outdoor Corporation $DECK Purchased by Weiss Asset Management LP

Weiss Asset Management LP purchased a new position in Deckers Outdoor Corporation (NYSE:DECK) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,940 shares of the textile maker’s stock, valued at approximately $895,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DECK. Geneos Wealth Management Inc. boosted its position in shares of Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. Elyxium Wealth LLC bought a new stake in Deckers Outdoor in the 4th quarter valued at $30,000. Rakuten Securities Inc. increased its holdings in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. Activest Wealth Management lifted its stake in Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after purchasing an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in Deckers Outdoor in the 4th quarter worth $35,000. 97.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DECK has been the subject of several research reports. Truist Financial dropped their price objective on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a report on Friday. Robert W. Baird decreased their target price on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday. Needham & Company LLC reduced their price target on shares of Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday. Piper Sandler reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. Finally, Stifel Nicolaus set a $133.00 price target on shares of Deckers Outdoor and gave the company a “buy” rating in a research note on Friday. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Deckers Outdoor currently has an average rating of “Hold” and a consensus target price of $117.16.

Deckers Outdoor Price Performance

NYSE:DECK opened at $97.90 on Tuesday. The firm has a market capitalization of $13.60 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 1.90 and a beta of 1.17. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $125.45. The business has a 50 day simple moving average of $106.20 and a 200-day simple moving average of $105.96.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share 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 the consensus estimate of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, analysts expect that Deckers Outdoor Corporation will post 7.44 earnings per share for the current fiscal 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.