OP Asset Management Ltd Invests $1.48 Million in Deckers Outdoor Corporation $DECK

OP Asset Management Ltd bought a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,824 shares of the textile maker’s stock, valued at approximately $1,484,000.

A number of other large investors also recently made changes to their positions in DECK. Revolve Wealth Partners LLC purchased a new position in Deckers Outdoor during the fourth quarter worth about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Deckers Outdoor by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock valued at $1,858,000 after buying an additional 522 shares during the last quarter. Empowered Funds LLC increased its stake in Deckers Outdoor by 165.6% in the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after buying an additional 6,384 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Deckers Outdoor by 8.1% during the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock worth $773,000 after buying an additional 521 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Deckers Outdoor by 163.2% during the 2nd quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock worth $1,062,000 after buying an additional 6,391 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company downgraded Deckers Outdoor from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $115.00 to $90.00 in a research report on Friday, May 8th. KeyCorp reiterated a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, May 22nd. Truist Financial set a $125.00 target price on Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, May 22nd. Telsey Advisory Group set a $113.00 target price on Deckers Outdoor in a research report on Friday, May 22nd. Finally, Barclays restated an “overweight” rating and issued a $141.00 target price (down from $143.00) on shares of Deckers Outdoor in a research note on Tuesday, May 26th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $121.11.

Deckers Outdoor Stock Down 3.4%

DECK opened at $101.01 on Tuesday. The firm has a 50-day moving average price of $105.73 and a 200-day moving average price of $105.87. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $126.50. The company has a market capitalization of $14.03 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 2.07 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. Deckers Outdoor’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, sell-side analysts expect that Deckers Outdoor Corporation will post 7.45 earnings per share for the current fiscal 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.