Pallas Capital Advisors LLC Acquires Shares of 6,655 Deckers Outdoor Corporation $DECK

Pallas Capital Advisors LLC bought a new position in Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,655 shares of the textile maker’s stock, valued at approximately $661,000.

Several other institutional investors and hedge funds have also made changes to their positions in DECK. Geneos Wealth Management Inc. grew its holdings in shares of Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Elyxium Wealth LLC bought a new stake in Deckers Outdoor during the 4th quarter valued at about $30,000. Rakuten Securities Inc. lifted its holdings in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after buying an additional 100 shares in the last quarter. Activest Wealth Management boosted its position in Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after buying an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new stake in Deckers Outdoor in the 4th quarter valued at about $35,000. 97.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays set a $133.00 target price on shares of Deckers Outdoor and gave the stock an “overweight” rating in a research report on Friday, July 24th. Argus set a $128.00 price target on Deckers Outdoor in a report on Friday, May 29th. Telsey Advisory Group dropped their price objective on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a research note on Friday, July 24th. Sanford C. Bernstein restated a “market perform” rating and set a $105.00 price objective on shares of Deckers Outdoor in a report on Friday, May 22nd. Finally, Needham & Company LLC decreased their target price on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $117.16.

Deckers Outdoor Stock Up 2.3%

Deckers Outdoor stock opened at $91.54 on Thursday. The firm has a market cap of $12.47 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.67 and a beta of 1.17. The business has a fifty day moving average of $102.13 and a two-hundred day moving average of $105.35. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $125.45.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate 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 was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities analysts expect that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

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.