10,283 Shares in Deckers Outdoor Corporation $DECK Acquired by Diversify Advisory Services LLC

Diversify Advisory Services LLC acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 10,283 shares of the textile maker’s stock, valued at approximately $1,005,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DECK. BlackRock Inc. bought a new position in Deckers Outdoor in the second quarter valued at about $1,343,613,000. Federated Hermes Inc. raised its holdings 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 worth $326,531,000 after purchasing an additional 2,485,338 shares during the last quarter. Norges Bank bought a new stake in Deckers Outdoor during the 4th quarter worth about $252,729,000. AQR Capital Management LLC lifted its position in 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 valued at $273,000,000 after purchasing an additional 2,035,517 shares during the period. Finally, Viking Global Investors LP bought a new position in shares of Deckers Outdoor in the 3rd quarter valued at about $175,058,000. Institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Stifel Nicolaus set a $133.00 price target on shares of Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, July 24th. Truist Financial cut their price objective on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Robert W. Baird reduced their price objective on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Argus set a $128.00 target price on shares of Deckers Outdoor in a report on Friday, May 29th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a research report on Friday, May 22nd. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $117.16.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $91.54 on Thursday. The company has a market capitalization of $12.47 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17. The business has a 50-day moving average of $102.13 and a two-hundred day moving average of $105.35. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $125.45.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The business 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 business posted $0.93 EPS. Deckers Outdoor’s revenue for the quarter was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, equities analysts anticipate that Deckers Outdoor Corporation will post 7.5 EPS 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.