Pacer Advisors Inc. Reduces Holdings in Deckers Outdoor Corporation $DECK

Pacer Advisors Inc. reduced its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 24.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 391,836 shares of the textile maker’s stock after selling 125,197 shares during the period. Pacer Advisors Inc.’s holdings in Deckers Outdoor were worth $40,622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. grew 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 valued at $29,000 after purchasing an additional 215 shares in the last quarter. Elyxium Wealth LLC acquired a new position in Deckers Outdoor in the 4th quarter worth $30,000. Rakuten Securities Inc. boosted its position in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after buying an additional 100 shares during the last quarter. Activest Wealth Management grew its stake in shares of Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth about $35,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $109.04 on Friday. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 2.16 and a beta of 1.16. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $126.50. The company’s 50-day simple moving average is $106.29 and its 200-day simple moving average is $105.51.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company earned $1.00 earnings per share. Deckers Outdoor’s quarterly revenue was up 9.5% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, research analysts forecast that Deckers Outdoor Corporation will post 7.45 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $105.00 price target on shares of Deckers Outdoor in a research note on Friday, May 22nd. Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Argus set a $128.00 target price on Deckers Outdoor in a research report on Friday, May 29th. Raymond James Financial cut Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price for the company. in a research note on Thursday, April 23rd. Finally, Stifel Nicolaus set a $144.00 price target on shares of Deckers Outdoor in a research report on Friday, May 29th. Nine 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’s stock. According to MarketBeat, the stock has a consensus 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.