Landscape Capital Management L.L.C. Purchases New Stake in Deckers Outdoor Corporation $DECK

Landscape Capital Management L.L.C. purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 19,423 shares of the textile maker’s stock, valued at approximately $2,014,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its holdings in shares of Deckers Outdoor by 330.8% during the 2nd 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 in the last quarter. Elyxium Wealth LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. increased its position in shares of Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares during the last quarter. Activest Wealth Management increased its stake in shares of Deckers Outdoor by 298.8% during the 4th 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 acquired a new position in shares of Deckers Outdoor during the 4th quarter worth about $35,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $112.38 on Tuesday. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $126.50. The business’s 50 day simple moving average is $105.74 and its two-hundred day simple moving average is $105.04. The firm has a market cap of $15.61 billion, a P/E ratio of 15.96, a PEG ratio of 2.25 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company earned $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. On average, equities analysts forecast that Deckers Outdoor Corporation will post 7.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DECK shares. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a report on Thursday. Stifel Nicolaus set a $144.00 target price on Deckers Outdoor in a research report on Friday, May 29th. Barclays restated an “overweight” rating and set a $141.00 price objective (down from $143.00) on shares of Deckers Outdoor in a research report on Tuesday, May 26th. UBS Group upped their target price on Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Truist Financial set a $125.00 target price on Deckers Outdoor and gave the stock a “buy” rating in a report on Friday, May 22nd. Nine equities 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.