Inspire Investing LLC Purchases 26,881 Shares of Deckers Outdoor Corporation $DECK

Inspire Investing LLC boosted its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 902.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,860 shares of the textile maker’s stock after buying an additional 26,881 shares during the period. Inspire Investing LLC’s holdings in Deckers Outdoor were worth $3,096,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its position in Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 215 shares during the period. Elyxium Wealth LLC purchased a new stake in Deckers Outdoor during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. raised its position in Deckers Outdoor by 45.5% during 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 position in Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new stake in Deckers Outdoor during the fourth quarter valued at approximately $35,000. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $105.90 on Thursday. The business’s 50 day moving average price is $106.06 and its 200-day moving average price is $105.33. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $126.50. The company has a market cap of $14.71 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 2.18 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last issued its quarterly 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 firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business posted $1.00 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Sell-side analysts predict that Deckers Outdoor Corporation will post 7.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Wells Fargo & Company downgraded Deckers Outdoor from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $115.00 to $90.00 in a research report on Friday, May 8th. Argus set a $128.00 price objective on Deckers Outdoor in a research report on Friday, May 29th. Telsey Advisory Group set a $113.00 price objective on Deckers Outdoor in a research report on Friday, May 22nd. Finally, KGI Securities downgraded Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective on the stock. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $121.11.

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.