Y Intercept Hong Kong Ltd Buys New Stake in Deckers Outdoor Corporation $DECK

Y Intercept Hong Kong Ltd purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 98,182 shares of the textile maker’s stock, valued at approximately $9,827,000. Y Intercept Hong Kong Ltd owned approximately 0.07% of Deckers Outdoor at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in Deckers Outdoor by 24.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 407,698 shares of the textile maker’s stock valued at $43,538,000 after buying an additional 81,345 shares during the last quarter. Lombard Odier Asset Management USA Corp purchased a new stake in Deckers Outdoor in the 3rd quarter valued at $1,142,000. ProShare Advisors LLC boosted its stake in Deckers Outdoor by 52.5% during the 4th quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker’s stock worth $4,356,000 after purchasing an additional 14,470 shares during the period. SG Americas Securities LLC grew its position in Deckers Outdoor by 309.0% during the 4th quarter. SG Americas Securities LLC now owns 240,466 shares of the textile maker’s stock worth $24,929,000 after purchasing an additional 181,675 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in Deckers Outdoor by 19.8% in the fourth quarter. Park Avenue Securities LLC now owns 30,211 shares of the textile maker’s stock valued at $3,132,000 after purchasing an additional 4,993 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

DECK opened at $104.81 on Friday. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $126.50. The stock has a market capitalization of $14.56 billion, a P/E ratio of 14.89, a P/E/G ratio of 1.98 and a beta of 1.17. The business has a 50 day simple moving average of $105.16 and a 200-day simple moving average of $105.88.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DECK shares. Wells Fargo & Company downgraded shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $115.00 to $90.00 in a research note on Friday, May 8th. Telsey Advisory Group set a $113.00 target price on Deckers Outdoor in a research note on Friday, May 22nd. Sanford C. Bernstein reissued a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a report on Monday, April 20th. Finally, Truist Financial set a $125.00 price objective on shares of Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, May 22nd. Nine 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $121.11.

Deckers Outdoor Company 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.