Great Lakes Advisors LLC Purchases Shares of 14,149 Deckers Outdoor Corporation $DECK

Great Lakes Advisors LLC acquired a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 14,149 shares of the textile maker’s stock, valued at approximately $1,405,000.

Several other hedge funds also recently modified their holdings of DECK. Geneos Wealth Management Inc. raised its stake in shares of Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 215 shares during the last quarter. Elyxium Wealth LLC bought a new stake in Deckers Outdoor during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. increased its holdings in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. Activest Wealth Management increased its holdings in Deckers Outdoor by 298.8% during the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in Deckers Outdoor in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on DECK. Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Robert W. Baird reduced their target price on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Barclays set a $133.00 price target on shares of Deckers Outdoor and gave the company an “overweight” rating in a research note on Friday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a report on Friday, July 17th. Finally, KeyCorp restated a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $117.16.

Deckers Outdoor Trading Up 3.0%

NYSE DECK opened at $91.50 on Friday. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $125.45. The stock has a 50-day simple moving average of $101.17 and a 200 day simple moving average of $105.04. The company has a market capitalization of $12.46 billion, a PE ratio of 12.98, a P/E/G ratio of 1.65 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, sell-side analysts predict that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

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.