Caitlin John LLC Makes New $993,000 Investment in Deckers Outdoor Corporation $DECK

Caitlin John LLC acquired a new position in Deckers Outdoor Corporation (NYSE:DECK) in the second quarter, HoldingsChannel reports. The firm acquired 10,005 shares of the textile maker’s stock, valued at approximately $993,000. Deckers Outdoor comprises about 0.5% of Caitlin John LLC’s holdings, making the stock its 29th largest position.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Deckers Outdoor in the 2nd quarter worth $1,343,613,000. Federated Hermes Inc. boosted its position 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 valued at $326,531,000 after buying an additional 2,485,338 shares during the period. Norges Bank purchased a new stake in Deckers Outdoor during the fourth quarter valued at about $252,729,000. AQR Capital Management LLC boosted its position in Deckers Outdoor by 340.5% during the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after buying an additional 2,035,517 shares during the period. Finally, Viking Global Investors LP bought a new position in shares of Deckers Outdoor during the third quarter valued at about $175,058,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Down 3.7%

DECK stock opened at $86.14 on Friday. The firm’s 50-day moving average price is $99.55 and its two-hundred day moving average price is $104.29. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $125.45. The stock has a market capitalization of $11.73 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 1.66 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities analysts predict that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DECK shares. Truist Financial decreased their price objective on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Wells Fargo & Company restated an “underweight” rating and set a $85.00 target price on shares of Deckers Outdoor in a report on Friday, July 24th. Argus set a $128.00 price target on Deckers Outdoor in a research report on Friday, May 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Finally, Stifel Nicolaus set a $133.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $117.16.

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.