Tidal Investments LLC Purchases 13,445 Shares of Deckers Outdoor Corporation $DECK

Tidal Investments LLC increased its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 37.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 48,934 shares of the textile maker’s stock after purchasing an additional 13,445 shares during the quarter. Tidal Investments LLC’s holdings in Deckers Outdoor were worth $4,859,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its holdings 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 buying an additional 215 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth $30,000. Orion Capital Management LLC acquired a new stake in shares of Deckers Outdoor during the second quarter worth $30,000. Rakuten Securities Inc. boosted its position 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 acquiring an additional 100 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $35,000. 97.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts 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. Robert W. Baird cut their price objective on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Truist Financial decreased their target price on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Sanford C. Bernstein reissued a “market perform” rating and set a $105.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. Finally, Weiss Ratings downgraded Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 3rd. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $114.80.

Deckers Outdoor Price Performance

Shares of DECK opened at $81.39 on Monday. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $122.29. The company has a market cap of $11.08 billion, a P/E ratio of 11.54, a P/E/G ratio of 1.26 and a beta of 1.15. The firm has a 50 day simple moving average of $95.18 and a two-hundred day simple moving average of $101.76.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 earnings per share. 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 Company Profile

Deckers Outdoor Corporation (NYSE: DECK) designs, markets and distributes branded footwear, apparel and accessories. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, a performance and lifestyle footwear brand; Teva, which specializes in outdoor and adventure sandals and footwear; and Koolaburra by UGG, which offers accessible casual footwear and related products.

The company sells its products through department and specialty stores, independent retailers, digital commerce platforms and its own brand websites and retail stores.