Sanctuary Advisors LLC Invests $1.02 Million in Deckers Outdoor Corporation $DECK

Sanctuary Advisors LLC purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the second quarter, according to its most recent filing with the SEC. The fund purchased 10,279 shares of the textile maker’s stock, valued at approximately $1,021,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Te Ahumairangi Investment Management Ltd acquired a new position in Deckers Outdoor in the second quarter worth $2,922,000. Globeflex Capital L P acquired a new stake in shares of Deckers Outdoor during the second quarter worth $218,000. Bank of Nova Scotia acquired a new stake in shares of Deckers Outdoor during the second quarter worth $16,258,000. Elevation Point Wealth Partners LLC bought a new position in shares of Deckers Outdoor in the 2nd quarter worth about $490,000. Finally, Daiichi Life Insurance Co. Ltd. bought a new position in shares of Deckers Outdoor in the 2nd quarter worth about $601,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $86.14 on Friday. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $125.45. The company has a 50-day simple moving average of $99.55 and a 200-day simple moving average of $104.29. The firm has a market capitalization of $11.73 billion, a P/E ratio of 12.22, a P/E/G 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 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The firm had revenue of $1.02 billion for 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%. Deckers Outdoor’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, sell-side analysts forecast that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DECK shares. Barclays set a $133.00 price objective on shares of Deckers Outdoor and gave the company an “overweight” rating in a research report on Friday, July 24th. Argus set a $128.00 target price on shares of Deckers Outdoor in a report on Friday, May 29th. Sanford C. Bernstein restated a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a research note on Friday, May 22nd. UBS Group reaffirmed a “buy” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Finally, Stifel Nicolaus set a $133.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $117.16.

Deckers Outdoor 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.