Talon Private Wealth LLC Acquires Shares of 6,226 Deckers Outdoor Corporation $DECK

Talon Private Wealth LLC bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,226 shares of the textile maker’s stock, valued at approximately $623,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DECK. Revolve Wealth Partners LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter valued at $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Deckers Outdoor by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after buying an additional 522 shares during the last quarter. Empowered Funds LLC grew its position in Deckers Outdoor by 165.6% during the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after buying an additional 6,384 shares during the period. Focus Partners Wealth grew its position in Deckers Outdoor by 8.1% during the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after buying an additional 521 shares during the period. Finally, Marshall Wace LLP grew its position in Deckers Outdoor by 163.2% during the second quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock valued at $1,062,000 after buying an additional 6,391 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $103.50 on Thursday. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 1.93 and a beta of 1.17. The company’s fifty day simple moving average is $106.50 and its two-hundred day simple moving average is $105.94. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $125.45.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates 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 for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities research analysts anticipate that Deckers Outdoor Corporation will post 7.49 EPS for the current year.

Analysts Set New Price Targets

DECK has been the topic of several research reports. Argus set a $128.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 29th. Zacks Research downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Telsey Advisory Group decreased their price target on shares of Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company 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 reiterated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Friday, July 17th. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus 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.