7,455 Shares in Deckers Outdoor Corporation $DECK Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,455 shares of the textile maker’s stock, valued at approximately $740,000.

Several other large investors also recently bought and sold shares of DECK. BlackRock Inc. acquired a new position in shares of Deckers Outdoor during the 2nd quarter worth $1,343,613,000. Federated Hermes Inc. boosted its position in shares of Deckers Outdoor by 374.1% in the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock worth $326,531,000 after buying an additional 2,485,338 shares in the last quarter. Invesco Ltd. grew its stake in Deckers Outdoor by 0.5% in the 4th quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker’s stock valued at $285,380,000 after acquiring an additional 12,350 shares during the last quarter. AQR Capital Management LLC grew its stake in Deckers Outdoor by 340.5% in the 4th quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after acquiring an additional 2,035,517 shares during the last quarter. Finally, Norges Bank purchased a new position in Deckers Outdoor during the 4th quarter valued at about $252,729,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $91.50 on Friday. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $125.45. The firm has a 50 day moving average price of $101.17 and a 200 day moving average price of $105.04. The company has a market cap of $12.46 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.65 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company earned $0.93 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Sell-side analysts predict that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DECK. Needham & Company LLC cut their target price on shares of Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. UBS Group restated a “buy” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Stifel Nicolaus set a $133.00 target price on Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $85.00 target price on shares of Deckers Outdoor in a research note 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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.