Belpointe Asset Management LLC Acquires 1,134 Shares of Deckers Outdoor Corporation $DECK

Belpointe Asset Management LLC raised its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 16.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,161 shares of the textile maker’s stock after purchasing an additional 1,134 shares during the quarter. Belpointe Asset Management LLC’s holdings in Deckers Outdoor were worth $841,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mountain Hill Investment Partners Corp. bought a new stake in shares of Deckers Outdoor during the first quarter worth $34,000. Cromwell Holdings LLC lifted its position in shares of Deckers Outdoor by 4,766.7% during the second quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock worth $45,000 after purchasing an additional 429 shares during the last quarter. Olde Wealth Management LLC bought a new stake in shares of Deckers Outdoor during the first quarter worth $47,000. Banque Transatlantique SA purchased a new position in shares of Deckers Outdoor during the first quarter valued at $51,000. Finally, Costello Asset Management INC purchased a new position in shares of Deckers Outdoor during the first quarter valued at $78,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Price Performance

DECK opened at $101.51 on Thursday. The business’s 50-day moving average is $109.96 and its two-hundred day moving average is $109.73. Deckers Outdoor Corporation has a 1 year low of $93.72 and a 1 year high of $223.98. The firm has a market capitalization of $15.06 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 3.74 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.25. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The company had revenue of $964.54 million for the quarter, compared to analyst estimates of $901.45 million. During the same quarter in the previous year, the firm earned $4.52 earnings per share. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, sell-side analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on DECK shares. UBS Group set a $157.00 price target on Deckers Outdoor and gave the company a “buy” rating in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and set a $128.00 price target (up previously from $120.00) on shares of Deckers Outdoor in a research note on Wednesday, July 23rd. Truist Financial raised their price target on Deckers Outdoor from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Barclays raised their price target on Deckers Outdoor from $134.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Finally, Robert W. Baird raised their price target on Deckers Outdoor from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $136.26.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the sale, the director owned 10,979 shares of the company’s stock, valued at approximately $1,295,741.58. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company’s stock.

About Deckers Outdoor

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.