Louisiana State Employees Retirement System Makes New $721,000 Investment in Deckers Outdoor Corporation $DECK

Louisiana State Employees Retirement System bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,200 shares of the textile maker’s stock, valued at approximately $721,000.

A number of other institutional investors also recently bought and sold shares of DECK. Geneos Wealth Management Inc. increased its position in Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 215 shares during the period. Elyxium Wealth LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter valued at approximately $30,000. Rakuten Securities Inc. increased its holdings in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Activest Wealth Management raised its stake in shares of Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after purchasing an additional 245 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $35,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on DECK shares. Truist Financial set a $125.00 price objective on shares of Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, May 22nd. Telsey Advisory Group set a $113.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Raymond James Financial lowered shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target on the stock. in a research note on Thursday, April 23rd. Sanford C. Bernstein restated a “market perform” rating and issued a $105.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 22nd. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor Trading Up 1.0%

NYSE:DECK traded up $1.04 on Tuesday, hitting $106.71. 58,816 shares of the stock were exchanged, compared to its average volume of 2,328,465. The stock has a fifty day moving average of $105.06 and a 200-day moving average of $105.90. The stock has a market cap of $14.82 billion, a PE ratio of 15.16, a PEG ratio of 2.07 and a beta of 1.17. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $126.50.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. The company’s revenue was up 9.5% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, analysts predict that Deckers Outdoor Corporation will post 7.45 earnings per share for the current 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.