6,441 Shares in Deckers Outdoor Corporation $DECK Purchased by Commerce Bank

Commerce Bank purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,441 shares of the textile maker’s stock, valued at approximately $640,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its position in shares of Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after buying an additional 215 shares during the last quarter. Elyxium Wealth LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. raised its holdings in shares of 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 acquiring an additional 100 shares in the last quarter. Activest Wealth Management raised its holdings in shares of 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 acquiring an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in Deckers Outdoor in the fourth quarter worth $35,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $89.43 on Thursday. The company has a 50-day simple moving average of $100.00 and a two-hundred day simple moving average of $104.50. The stock has a market capitalization of $12.18 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $125.45.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, equities research analysts forecast that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DECK has been the topic of several recent analyst reports. Piper Sandler reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Telsey Advisory Group decreased their price objective on shares of Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a report on Friday, July 24th. 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. Stifel Nicolaus set a $133.00 price target on shares of Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $85.00 price target on shares of Deckers Outdoor in a research report on Friday, July 24th. 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 stock. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Hold” and an average target price 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.