SummitTX Capital L.P. Purchases New Position in Deckers Outdoor Corporation $DECK

SummitTX Capital L.P. purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 57,613 shares of the textile maker’s stock, valued at approximately $5,766,000.

A number of other large investors have also added to or reduced their stakes in DECK. Revolve Wealth Partners LLC purchased a new position in shares of Deckers Outdoor in the fourth quarter valued at $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Deckers Outdoor by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock valued at $1,858,000 after purchasing an additional 522 shares in the last quarter. Empowered Funds LLC lifted its position in Deckers Outdoor by 165.6% during the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after purchasing an additional 6,384 shares during the last quarter. Focus Partners Wealth lifted its position in Deckers Outdoor by 8.1% during the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after purchasing an additional 521 shares during the last quarter. Finally, Marshall Wace LLP grew its position in Deckers Outdoor by 163.2% in the second quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock worth $1,062,000 after acquiring an additional 6,391 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on DECK. Piper Sandler reiterated a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. KGI Securities cut shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target for the company. in a research note on Friday, May 22nd. Raymond James Financial downgraded shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target on the stock. in a report on Thursday, April 23rd. Wells Fargo & Company reissued an “underweight” rating and issued a $85.00 price objective on shares of Deckers Outdoor in a research note on Friday. Finally, Truist Financial dropped their target price on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $117.16.

Deckers Outdoor Stock Up 1.9%

Shares of NYSE:DECK opened at $97.90 on Tuesday. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $125.45. The stock has a market cap of $13.60 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17. The business’s 50 day moving average is $106.20 and its 200 day moving average is $105.96.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.Deckers Outdoor’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, sell-side analysts anticipate that Deckers Outdoor Corporation will post 7.44 EPS for the current fiscal year.

Deckers Outdoor Company 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.