Deckers Outdoor Corporation $DECK Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 33.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,538 shares of the textile maker’s stock after buying an additional 14,675 shares during the quarter. Van ECK Associates Corp’s holdings in Deckers Outdoor were worth $5,812,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its stake in shares of Deckers Outdoor by 330.8% during the second 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 period. Elyxium Wealth LLC acquired a new position in Deckers Outdoor in the 4th quarter worth approximately $30,000. Orion Capital Management LLC acquired a new stake in shares of Deckers Outdoor during the 2nd quarter valued at $30,000. Rakuten Securities Inc. increased its position 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. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

DECK has been the topic of a number of recent research reports. KGI Securities downgraded shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target on the stock. in a research note on Friday, May 22nd. Stifel Nicolaus set a $133.00 price target on shares of Deckers Outdoor and gave the company a “buy” rating in a report on Friday, July 24th. KeyCorp reiterated a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Finally, Truist Financial reduced their target price on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $117.16.

Deckers Outdoor Stock Down 1.0%

Deckers Outdoor stock opened at $83.76 on Thursday. The company’s 50-day moving average price is $97.93 and its 200-day moving average price is $103.46. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $125.45. The company has a market cap of $11.41 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.31 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $0.93 EPS. The company’s revenue for the quarter 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. As a group, sell-side analysts expect that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal 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.