Ieq Capital LLC Takes Position in Deckers Outdoor Corporation $DECK

Ieq Capital LLC purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 101,974 shares of the textile maker’s stock, valued at approximately $10,125,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Deckers Outdoor in the 2nd quarter valued at approximately $1,343,613,000. Federated Hermes Inc. boosted its position in Deckers Outdoor by 374.1% in the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after buying an additional 2,485,338 shares in the last quarter. Invesco Ltd. grew its stake in shares of Deckers Outdoor by 0.5% during the fourth quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker’s stock worth $285,380,000 after buying an additional 12,350 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Deckers Outdoor by 340.5% during the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock worth $273,000,000 after buying an additional 2,035,517 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Deckers Outdoor during the fourth quarter worth $252,729,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DECK has been the subject of a number of research reports. Wells Fargo & Company reiterated an “underweight” rating and issued a $85.00 price target on shares of Deckers Outdoor in a research note on Friday, July 24th. Robert W. Baird reduced their price objective on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Barclays set a $133.00 target price on Deckers Outdoor and gave the stock an “overweight” rating in a report on Friday, July 24th. Piper Sandler reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Finally, Needham & Company LLC dropped 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 given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $117.16.

Deckers Outdoor Price Performance

DECK opened at $91.50 on Friday. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $125.45. The company’s 50 day moving average price is $101.17 and its two-hundred day moving average price is $105.04. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.71 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results 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. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $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 predict that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

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.