GSA Capital Partners LLP Buys New Position in Deckers Outdoor Corporation $DECK

GSA Capital Partners LLP purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) in the 2nd quarter, HoldingsChannel reports. The firm purchased 18,829 shares of the textile maker’s stock, valued at approximately $1,870,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DECK. Geneos Wealth Management Inc. boosted its stake 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 valued at $29,000 after purchasing an additional 215 shares during the last quarter. Elyxium Wealth LLC bought a new position in Deckers Outdoor during the fourth quarter worth $30,000. Rakuten Securities Inc. raised its stake in Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Activest Wealth Management lifted its holdings in Deckers Outdoor by 298.8% in the fourth 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 bought a new stake in Deckers Outdoor during the fourth quarter valued at $35,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Trading Down 0.3%

Shares of NYSE DECK opened at $92.85 on Monday. The firm’s 50-day moving average price is $103.37 and its 200-day moving average price is $105.54. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $125.45. The firm has a market capitalization of $12.64 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.73 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $1.02 billion during 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 firm’s revenue for the quarter 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 research analysts forecast that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

Wall Street Analysts Forecast Growth

DECK has been the subject of a number of recent analyst reports. Truist Financial decreased their price target on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a report on Friday, July 24th. KGI Securities lowered Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price on the stock. in a research report on Friday, May 22nd. Raymond James Financial cut Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price for the company. in a research note on Thursday, April 23rd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Finally, Zacks Research lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Nine equities 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. According to MarketBeat, Deckers Outdoor presently has a consensus rating of “Hold” and a consensus price target of $117.16.

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.