Sanctuary Advisors LLC Invests $1.02 Million in Deckers Outdoor Corporation $DECK

Sanctuary Advisors LLC purchased a new position in Deckers Outdoor Corporation (NYSE:DECK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,279 shares of the textile maker’s stock, valued at approximately $1,021,000.

A number of other large investors also recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Deckers Outdoor in the second quarter worth about $1,343,613,000. Federated Hermes Inc. increased its stake in Deckers Outdoor by 374.1% during the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after buying an additional 2,485,338 shares during the period. Norges Bank acquired a new position in Deckers Outdoor during the 4th quarter valued at about $252,729,000. AQR Capital Management LLC raised its position in shares of Deckers Outdoor by 340.5% during the 4th quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock worth $273,000,000 after buying an additional 2,035,517 shares in the last quarter. Finally, Viking Global Investors LP bought a new stake in shares of Deckers Outdoor during the 3rd quarter worth about $175,058,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DECK has been the subject of several recent analyst reports. UBS Group reiterated a “buy” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Argus set a $128.00 target price on Deckers Outdoor in a report on Friday, May 29th. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research report on Friday, July 17th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $105.00 price target on shares of Deckers Outdoor in a research note on Friday, May 22nd. Finally, Stifel Nicolaus set a $133.00 price target on Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $117.16.

Deckers Outdoor Trading Down 3.7%

Shares of NYSE DECK opened at $86.14 on Friday. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $125.45. The firm has a 50-day moving average of $99.55 and a two-hundred day moving average of $104.29. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 1.66 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (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 for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the company posted $0.93 EPS. The business’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. As a group, research analysts predict that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

About Deckers Outdoor

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.