United Capital Financial Advisors LLC Makes New Investment in Deckers Outdoor Corporation $DECK

United Capital Financial Advisors LLC purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,091 shares of the textile maker’s stock, valued at approximately $803,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its holdings in shares of Deckers Outdoor by 330.8% in 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 during the fourth quarter worth about $30,000. Rakuten Securities Inc. grew its holdings in Deckers Outdoor by 45.5% during the second 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. Hilton Head Capital Partners LLC acquired a new position in Deckers Outdoor during the fourth quarter worth approximately $35,000. Finally, MUFG Securities EMEA plc acquired a new position in Deckers Outdoor during the second quarter worth approximately $46,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Up 0.2%

Deckers Outdoor stock opened at $87.90 on Monday. The company’s 50-day moving average price is $99.12 and its two-hundred day moving average price is $104.10. The stock has a market cap of $11.97 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.63 and a beta of 1.17. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $125.45.

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

Analysts Set New Price Targets

DECK has been the subject of a number of recent analyst reports. KGI Securities cut Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective for the company. in a research report on Friday, May 22nd. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Wells Fargo & Company restated an “underweight” rating and issued a $85.00 price target on shares of Deckers Outdoor in a research note on Friday, July 24th. UBS Group reaffirmed a “buy” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research report on Friday, July 17th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.