Wealthfront Advisers LLC Acquires Shares of 7,455 Deckers Outdoor Corporation $DECK

Wealthfront Advisers LLC bought a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,455 shares of the textile maker’s stock, valued at approximately $740,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Deckers Outdoor during the 2nd quarter worth approximately $1,343,613,000. Federated Hermes Inc. grew its stake in shares of Deckers Outdoor by 374.1% in the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after purchasing an additional 2,485,338 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Deckers Outdoor by 0.5% in the fourth quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker’s stock valued at $285,380,000 after purchasing an additional 12,350 shares during the period. AQR Capital Management LLC raised its stake in shares of Deckers Outdoor by 340.5% during the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock worth $273,000,000 after purchasing an additional 2,035,517 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $252,729,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $91.50 on Friday. The firm has a market capitalization of $12.46 billion, a P/E ratio of 12.98, a PEG ratio of 1.65 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. The company’s fifty day moving average is $101.17 and its two-hundred day moving average is $105.04.

Deckers Outdoor (NYSE:DECK) last posted its quarterly 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 net margin of 18.54% and a return on equity of 41.51%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the company posted $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. On average, sell-side analysts forecast that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $105.00 price target on shares of Deckers Outdoor in a report on Friday, May 22nd. Argus set a $128.00 target price on shares of Deckers Outdoor in a research note on Friday, May 29th. Stifel Nicolaus set a $133.00 target price on shares of Deckers Outdoor and gave the company a “buy” rating in a report on Friday, July 24th. Truist Financial dropped their price target on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Finally, Robert W. Baird dropped 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, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Hold” and an average price target of $117.16.

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.