Renaissance Technologies LLC Takes Position in Deckers Outdoor Corporation $DECK

Renaissance Technologies LLC bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the first quarter, Holdings Channel reports. The firm bought 115,800 shares of the textile maker’s stock, valued at approximately $11,590,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Revolve Wealth Partners LLC purchased a new position in Deckers Outdoor in the fourth quarter valued at about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Deckers Outdoor by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after purchasing an additional 522 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Deckers Outdoor by 165.6% in the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock worth $1,145,000 after purchasing an additional 6,384 shares during the period. Focus Partners Wealth raised its holdings in shares of Deckers Outdoor by 8.1% in the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock worth $773,000 after purchasing an additional 521 shares during the period. Finally, Marshall Wace LLP lifted its stake in Deckers Outdoor by 163.2% in the second quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock valued at $1,062,000 after purchasing an additional 6,391 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $96.97 on Friday. The company’s fifty day simple moving average is $106.25 and its two-hundred day simple moving average is $105.84. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $125.45. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.80 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The firm 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%.The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities research analysts anticipate that Deckers Outdoor Corporation will post 7.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Raymond James Financial lowered Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price objective for the company. in a report on Thursday, April 23rd. Piper Sandler reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Stifel Nicolaus set a $133.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, July 24th. KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Friday, July 17th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Deckers Outdoor has an average rating of “Hold” and a consensus price target of $117.16.

Deckers Outdoor 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.