Corient Private Wealth LP Buys Shares of 24,688 Deckers Outdoor Corporation $DECK

Corient Private Wealth LP bought a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, Holdings Channel reports. The institutional investor bought 24,688 shares of the textile maker’s stock, valued at approximately $2,451,000.

A number of other hedge funds have also made changes to their positions in DECK. Geneos Wealth Management Inc. boosted its holdings 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 purchasing an additional 215 shares during the period. Elyxium Wealth LLC purchased a new position in Deckers Outdoor during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. increased its stake 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 buying an additional 100 shares during the period. Hilton Head Capital Partners LLC acquired a new position in Deckers Outdoor in the 4th quarter valued at approximately $35,000. Finally, MUFG Securities EMEA plc purchased a new stake in Deckers Outdoor in the 2nd quarter worth approximately $46,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

Shares of DECK opened at $83.76 on Thursday. The firm has a market cap of $11.41 billion, a PE ratio of 11.88, a PEG ratio of 1.31 and a beta of 1.15. The firm’s 50 day moving average price is $97.93 and its 200 day moving average price is $103.46. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $125.45.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, sell-side analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DECK shares. Argus set a $128.00 target price on shares of Deckers Outdoor in a research note on Friday, May 29th. KGI Securities downgraded shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target on the stock. in a research note on Friday, May 22nd. Piper Sandler reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Telsey Advisory Group reduced their price objective on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a research report on Friday, July 24th. Finally, Stifel Nicolaus set a $133.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $117.16.

Deckers Outdoor Company 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.