31,224 Shares in Deckers Outdoor Corporation $DECK Purchased by Draper Asset Management LLC

Draper Asset Management LLC purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 31,224 shares of the textile maker’s stock, valued at approximately $2,440,000. Deckers Outdoor accounts for approximately 1.1% of Draper Asset Management LLC’s investment portfolio, making the stock its 16th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Deckers Outdoor during the 2nd quarter valued at $1,343,613,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Deckers Outdoor by 21.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,116,595 shares of the textile maker’s stock valued at $210,157,000 after acquiring an additional 374,923 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Deckers Outdoor by 123.2% in the first quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker’s stock valued at $180,464,000 after acquiring an additional 995,099 shares in the last quarter. Amundi boosted its stake in Deckers Outdoor by 13.2% in the 1st quarter. Amundi now owns 1,611,174 shares of the textile maker’s stock worth $161,262,000 after purchasing an additional 187,702 shares during the period. Finally, Epoch Investment Partners Inc. lifted its holdings in shares of Deckers Outdoor by 12.1% in the fourth quarter. Epoch Investment Partners Inc. now owns 1,420,744 shares of the textile maker’s stock worth $147,289,000 after buying an additional 153,098 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DECK has been the topic of a number of research reports. Stifel Nicolaus set a $133.00 price target on shares of Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, July 24th. Piper Sandler reiterated a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Truist Financial dropped their price target on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Weiss Ratings cut Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. Finally, Robert W. Baird reduced their price objective on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Deckers Outdoor presently has a consensus rating of “Hold” and a consensus target price of $114.42.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded up $0.32 during mid-day trading on Friday, hitting $82.88. 2,158,727 shares of the company’s stock traded hands, compared to its average volume of 2,489,380. The company’s 50-day moving average is $85.96 and its two-hundred day moving average is $97.93. The company has a market capitalization of $11.29 billion, a P/E ratio of 11.76, a PEG ratio of 1.25 and a beta of 1.12. Deckers Outdoor Corporation has a 1 year low of $77.20 and a 1 year high of $122.29.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities analysts anticipate that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, doing business as Deckers Brands, is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual lifestyle products; HOKA, which develops performance running and outdoor footwear; and Teva, which offers outdoor and adventure sandals and footwear. The company also markets Koolaburra by UGG and other product lines.

Deckers sells its products through company-owned retail stores, e-commerce websites, wholesale accounts and selected distributors.