Weiss Asset Management LP Invests $895,000 in Deckers Outdoor Corporation $DECK

Weiss Asset Management LP acquired a new position in Deckers Outdoor Corporation (NYSE:DECK) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,940 shares of the textile maker’s stock, valued at approximately $895,000.

A number of other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its stake in shares of 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 during the period. Elyxium Wealth LLC bought a new position in shares of Deckers Outdoor in the 4th quarter worth approximately $30,000. Rakuten Securities Inc. boosted its holdings in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Activest Wealth Management boosted its holdings in shares of Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after buying an additional 245 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in Deckers Outdoor during the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 1.9%

NYSE DECK opened at $97.90 on Tuesday. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $125.45. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 1.90 and a beta of 1.17. The company’s 50 day moving average is $106.20 and its two-hundred day moving average is $105.96.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Sell-side analysts forecast that Deckers Outdoor Corporation will post 7.44 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Telsey Advisory Group cut their price objective on shares of Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a research report on Friday. Wells Fargo & Company restated an “underweight” rating and issued a $85.00 price objective on shares of Deckers Outdoor in a research note on Friday. Raymond James Financial downgraded Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price on the stock. in a research report on Thursday, April 23rd. Finally, Truist Financial cut their price target on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a report on Friday. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Deckers Outdoor presently has an average rating of “Hold” and an average 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.