Opal Capital LLC Invests $512,000 in Deckers Outdoor Corporation $DECK

Opal Capital LLC acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,112 shares of the textile maker’s stock, valued at approximately $512,000.

A number of other large investors have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Deckers Outdoor by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after purchasing an additional 522 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Deckers Outdoor by 165.6% in the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock worth $1,145,000 after purchasing an additional 6,384 shares in the last quarter. Focus Partners Wealth grew its stake in Deckers Outdoor by 8.1% during the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock worth $773,000 after buying an additional 521 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Deckers Outdoor by 163.2% during the 2nd quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock valued at $1,062,000 after buying an additional 6,391 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DECK has been the topic of a number of research analyst reports. Needham & Company LLC dropped their price target on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Argus set a $128.00 target price on shares of Deckers Outdoor in a research report on Friday, May 29th. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Friday, July 17th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $85.00 price target on shares of Deckers Outdoor in a report on Friday. Finally, KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a report on Friday. 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 data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $117.16.

Deckers Outdoor Trading Up 6.4%

Shares of NYSE DECK opened at $104.02 on Wednesday. The company has a 50 day simple moving average of $106.39 and a two-hundred day simple moving average of $105.96. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.82 and a beta of 1.17. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $125.45.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data 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. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business 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 7.49 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.