Y Intercept Hong Kong Ltd Acquires New Shares in Deckers Outdoor Corporation $DECK

Y Intercept Hong Kong Ltd acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 98,182 shares of the textile maker’s stock, valued at approximately $9,827,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. grew its holdings in Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Hilton Head Capital Partners LLC lifted its position in shares of Deckers Outdoor by 29.8% in the first quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 101 shares in the last quarter. GW Henssler & Associates Ltd. boosted its stake in shares of Deckers Outdoor by 5.8% during the fourth quarter. GW Henssler & Associates Ltd. now owns 2,159 shares of the textile maker’s stock valued at $224,000 after acquiring an additional 118 shares during the last quarter. Perennial Investment Advisors LLC increased its position in Deckers Outdoor by 5.4% during the 3rd quarter. Perennial Investment Advisors LLC now owns 2,709 shares of the textile maker’s stock worth $275,000 after purchasing an additional 138 shares in the last quarter. Finally, waypoint wealth counsel increased its position in Deckers Outdoor by 5.3% during the 1st quarter. waypoint wealth counsel now owns 2,938 shares of the textile maker’s stock worth $294,000 after purchasing an additional 148 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Trading Up 4.5%

Shares of NYSE:DECK opened at $104.81 on Friday. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 1.98 and a beta of 1.17. The stock’s 50-day moving average price is $105.16 and its two-hundred day moving average price is $105.88. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $126.50.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.00 EPS. 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. KGI Securities lowered shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price on the stock. in a report on Friday, May 22nd. Needham & Company LLC reiterated a “buy” rating and set a $138.00 price target on shares of Deckers Outdoor in a report on Friday, May 22nd. Zacks Research lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. UBS Group upped their price objective on shares of Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a research note on Friday, May 22nd. Nine research 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.com, Deckers Outdoor currently has a consensus rating of “Hold” and an average target price of $121.11.

About Deckers Outdoor

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.