Great Lakes Advisors LLC Buys New Stake in Deckers Outdoor Corporation $DECK

Great Lakes Advisors LLC bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 14,149 shares of the textile maker’s stock, valued at approximately $1,405,000.

Other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in Deckers Outdoor by 330.8% during the 2nd 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 bought a new position in Deckers Outdoor in the 4th quarter worth approximately $30,000. Rakuten Securities Inc. increased its position in Deckers Outdoor by 45.5% in the 2nd 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 period. Activest Wealth Management lifted its holdings in shares of Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after buying an additional 245 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $35,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Trading Up 3.0%

Shares of DECK opened at $91.50 on Friday. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $125.45. The stock has a 50 day simple moving average of $101.17 and a 200-day simple moving average of $105.04. The stock has a market cap of $12.46 billion, a PE ratio of 12.98, a PEG ratio of 1.65 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS 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 business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. Deckers Outdoor’s quarterly revenue was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, sell-side analysts forecast that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reduced their price objective 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. Barclays set a $133.00 target price on shares of Deckers Outdoor and gave the stock an “overweight” rating in a research report on Friday, July 24th. Telsey Advisory Group cut their target price on shares of Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a research note on Friday, July 24th. UBS Group reissued a “buy” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $85.00 price target on shares of Deckers Outdoor in a research report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $117.16.

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.