Leo Wealth LLC Acquires New Shares in Deckers Outdoor Corporation $DECK

Leo Wealth LLC acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the third quarter, HoldingsChannel.com reports. The fund acquired 11,501 shares of the textile maker’s stock, valued at approximately $899,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in Deckers Outdoor by 45.8% during the 3rd quarter. Signaturefd LLC now owns 2,654 shares of the textile maker’s stock valued at $207,000 after purchasing an additional 834 shares during the last quarter. Citizens Financial Group Inc. RI bought a new position in Deckers Outdoor during the third quarter worth $1,014,000. Fifth Third Wealth Advisors LLC boosted its position in Deckers Outdoor by 31.5% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,183 shares of the textile maker’s stock worth $327,000 after purchasing an additional 1,003 shares during the period. Yousif Capital Management LLC increased its holdings in shares of Deckers Outdoor by 3.7% in the third quarter. Yousif Capital Management LLC now owns 15,594 shares of the textile maker’s stock valued at $1,219,000 after purchasing an additional 550 shares during the last quarter. Finally, MBL Wealth LLC acquired a new position in shares of Deckers Outdoor in the third quarter valued at $673,000. 97.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Evercore dropped their price objective on shares of Deckers Outdoor from $108.00 to $90.00 in a research report on Friday. Needham & Company LLC reduced their target price on shares of Deckers Outdoor from $125.00 to $96.00 and set a “buy” rating for the company in a report on Friday. Wolfe Research initiated coverage on shares of Deckers Outdoor in a research note on Wednesday, October 21st. They issued a “peer perform” rating on the stock. Sanford C. Bernstein lowered their price target on shares of Deckers Outdoor from $105.00 to $100.00 in a report on Friday. Finally, Raymond James Financial lowered their price target on shares of Deckers Outdoor from $105.00 to $92.00 in a report on Friday. Ten investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $105.81.

Deckers Outdoor News Roundup

Here are the key news stories impacting Deckers Outdoor this week:

• Positive Sentiment: Deckers beat quarterly earnings expectations, while expanding margins supported a favorable profit outlook. The company also continued share repurchases, which may enhance per-share results. A Solid Margin Story Means the Sell-Off in DECK May Be Overdone
• Positive Sentiment: A separate analysis argues that DECK’s valuation may now look attractive after the sell-off, with its long-term growth profile and profitability potentially limiting downside. Deckers Outdoor Lifted Profit Outlook, Is The Stock A Bargain?
• Neutral Sentiment: Zacks highlighted Deckers as a stock attracting substantial investor attention and discussed its long-term growth characteristics, but provided limited new company-specific information. Deckers Outdoor Corporation is Attracting Investor Attention Why Deckers Is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Wall Street brokerage coverage remains mixed, with Deckers receiving a “Hold” rating while several firms revised their price expectations lower. Deckers Stock Rated Hold by Wall Street Brokerages
• Negative Sentiment: The key catalyst for the decline was a revenue miss and a reduction in fiscal 2027 sales expectations for HOKA and UGG. The weaker outlook raises concerns about slowing brand momentum, even though earnings surpassed estimates. A Solid Margin Story Means the Sell-Off in DECK May Be Overdone
• Negative Sentiment: Analysts cited a sharp slowdown in direct-to-consumer sales, and Stifel, BNP Paribas Exane, Evercore, Jefferies, Bernstein, and Raymond James all lowered targets or issued more cautious forecasts. Deckers Sharp DTC Slowdown Offset by Cheap Price

Deckers Outdoor Stock Performance

DECK stock opened at $80.49 on Tuesday. Deckers Outdoor Corporation has a 52 week low of $77.20 and a 52 week high of $122.29. The company has a market capitalization of $10.96 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 1.21 and a beta of 1.12. The company’s 50-day simple moving average is $83.32 and its 200 day simple moving average is $99.72.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 22nd. The textile maker reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.52. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. Deckers Outdoor had a return on equity of 42.42% and a net margin of 19.18%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $1.82 EPS. On average, analysts forecast that Deckers Outdoor Corporation will post 7.78 EPS for the current year.

Deckers Outdoor Profile

Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.