Ieq Capital LLC Makes New Investment in Deckers Outdoor Corporation $DECK

Ieq Capital LLC bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 101,974 shares of the textile maker’s stock, valued at approximately $10,125,000. Ieq Capital LLC owned approximately 0.07% of Deckers Outdoor as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its stake in shares of Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after buying an additional 215 shares during the period. Elyxium Wealth LLC bought a new position in Deckers Outdoor during the 4th quarter worth $30,000. Rakuten Securities Inc. raised 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 in the last quarter. Activest Wealth Management raised its holdings in Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in Deckers Outdoor in the 4th quarter valued at $35,000. 97.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DECK. Sanford C. Bernstein reissued a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Needham & Company LLC decreased their price target on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research note on Friday, July 17th. Barclays set a $133.00 price objective on shares of Deckers Outdoor and gave the stock an “overweight” rating in a research report on Friday, July 24th. Finally, Argus set a $128.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 29th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $117.16.

Deckers Outdoor Price Performance

Shares of DECK opened at $91.50 on Friday. The firm has a 50 day simple moving average of $101.17 and a two-hundred day simple moving average of $105.04. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $125.45. The company has a market cap of $12.46 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.71 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted $0.93 EPS. The company’s revenue 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, analysts expect that Deckers Outdoor Corporation will post 7.5 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.