Ardsley Advisory Partners LP Makes New Investment in Deckers Outdoor Corporation $DECK

Ardsley Advisory Partners LP purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,000 shares of the textile maker’s stock, valued at approximately $3,628,000.

Other large investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares during the period. Elyxium Wealth LLC purchased a new stake in Deckers Outdoor during the 4th quarter worth about $30,000. Rakuten Securities Inc. increased its holdings in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares during the period. Activest Wealth Management increased its holdings in Deckers Outdoor by 298.8% during the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after purchasing an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new stake in Deckers Outdoor during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

DECK has been the topic of a number of recent analyst reports. KGI Securities downgraded Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective on the stock. in a report on Friday, May 22nd. Barclays reiterated an “overweight” rating and issued a $141.00 price objective (down from $143.00) on shares of Deckers Outdoor in a report on Tuesday, May 26th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $105.00 price objective on shares of Deckers Outdoor in a report on Friday, May 22nd. KeyCorp reiterated a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, May 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a report on Monday, April 20th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $121.11.

Deckers Outdoor Stock Performance

DECK opened at $105.90 on Thursday. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $126.50. The company has a market cap of $14.71 billion, a P/E ratio of 15.04, a PEG ratio of 2.18 and a beta of 1.16. The business’s 50-day simple moving average is $106.06 and its 200-day simple moving average is $105.33.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, analysts predict 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.