Fairtree Asset Management Pty Ltd Makes New Investment in Deckers Outdoor Corporation $DECK

Fairtree Asset Management Pty Ltd purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,022 shares of the textile maker’s stock, valued at approximately $2,087,000.

A number of other hedge funds have also modified their holdings of the business. Geneos Wealth Management Inc. lifted its stake in Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after buying an additional 215 shares in the last quarter. Elyxium Wealth LLC purchased a new position in Deckers Outdoor during the fourth quarter worth $30,000. Rakuten Securities Inc. raised its holdings in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares during the last quarter. Activest Wealth Management lifted its position in shares of Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter valued at $35,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Down 3.1%

DECK stock opened at $88.70 on Friday. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.70 and a beta of 1.17. The business has a fifty day simple moving average of $101.62 and a 200-day simple moving average of $105.14. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $125.45.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.02 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The firm’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, analysts expect that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DECK has been the subject of several analyst reports. Stifel Nicolaus set a $133.00 target price on shares of Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, July 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research note on Friday, July 17th. UBS Group reissued a “buy” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. KGI Securities downgraded shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective on the stock. in a research note on Friday, May 22nd. Finally, Truist Financial decreased their target price on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report 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 stock. According to MarketBeat.com, Deckers Outdoor currently has an average rating of “Hold” and an average target price 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.