United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Increases Stock Position in Deckers Outdoor Corporation $DECK

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in Deckers Outdoor Corporation (NYSE:DECK) by 2,161.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 92,702 shares of the textile maker’s stock after purchasing an additional 88,602 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Deckers Outdoor were worth $9,610,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DECK. Revolve Wealth Partners LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Deckers Outdoor by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock valued at $1,858,000 after purchasing an additional 522 shares during the last quarter. Empowered Funds LLC increased its holdings in Deckers Outdoor by 165.6% during the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock worth $1,145,000 after buying an additional 6,384 shares during the last quarter. Focus Partners Wealth increased its holdings in Deckers Outdoor by 8.1% during the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock worth $773,000 after buying an additional 521 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Deckers Outdoor by 163.2% during the second 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 during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

DECK has been the subject of a number of research analyst reports. Truist Financial set a $125.00 price objective on shares of Deckers Outdoor and gave the stock a “buy” rating in a report on Friday, May 22nd. UBS Group raised their price objective on shares of Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Evercore set a $108.00 price objective on shares of Deckers Outdoor in a report on Friday, January 30th. KeyCorp restated a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, May 22nd. Finally, Argus upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $120.72.

Deckers Outdoor Stock Down 0.1%

DECK opened at $114.24 on Friday. The company has a market capitalization of $15.87 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 2.27 and a beta of 1.14. The firm has a 50-day moving average price of $102.97 and a 200-day moving average price of $102.66. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $126.50.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.15. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $1.00 earnings per share. 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 7.41 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.