Delta Global Management LP Increases Stock Position in Deckers Outdoor Corporation $DECK

Delta Global Management LP increased its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 903.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 204,876 shares of the textile maker’s stock after purchasing an additional 184,463 shares during the period. Deckers Outdoor accounts for about 1.0% of Delta Global Management LP’s holdings, making the stock its 24th biggest holding. Delta Global Management LP owned approximately 0.14% of Deckers Outdoor worth $21,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DECK. Federated Hermes Inc. raised its stake in Deckers Outdoor by 374.1% during the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock worth $326,531,000 after acquiring an additional 2,485,338 shares during the period. Norges Bank acquired a new stake in Deckers Outdoor during the fourth quarter worth about $252,729,000. Viking Global Investors LP acquired a new stake in Deckers Outdoor during the third quarter worth about $175,058,000. Northern Trust Corp grew its position in Deckers Outdoor by 3.6% in the 3rd quarter. Northern Trust Corp now owns 1,721,542 shares of the textile maker’s stock worth $174,513,000 after purchasing an additional 60,029 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Deckers Outdoor by 109.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,656,405 shares of the textile maker’s stock worth $171,720,000 after purchasing an additional 867,397 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $112.38 on Tuesday. The company has a market cap of $15.61 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 2.25 and a beta of 1.16. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $126.50. The firm has a 50 day simple moving average of $105.74 and a 200 day simple moving average of $105.04.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on DECK shares. KeyCorp restated a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, May 22nd. Truist Financial set a $125.00 target price on shares of Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, May 22nd. Raymond James Financial cut shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price for the company. in a research report on Thursday, April 23rd. Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, UBS Group increased their price objective on shares of Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Nine equities research 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 stock has an average rating of “Hold” and an average target price 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.