Blair William & Co. IL Acquires Shares of 535 Deckers Outdoor Co. (NYSE:DECK)

Posted by on Jun 1st, 2023

Blair William & Co. IL bought a new position in Deckers Outdoor Co. (NYSE:DECK – Get Rating) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 535 shares of the textile maker’s stock, valued at approximately $214,000.

Several other hedge funds have also recently made changes to their positions in the business. Tobam purchased a new stake in Deckers Outdoor during the fourth quarter valued at approximately $36,000. Cutler Group LLC CA purchased a new stake in Deckers Outdoor during the 4th quarter valued at $39,000. FNY Investment Advisers LLC bought a new stake in Deckers Outdoor in the fourth quarter worth $47,000. Lindbrook Capital LLC boosted its stake in Deckers Outdoor by 136.0% during the fourth quarter. Lindbrook Capital LLC now owns 118 shares of the textile maker’s stock worth $47,000 after buying an additional 68 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of Deckers Outdoor by 28.3% in the fourth quarter. Parallel Advisors LLC now owns 136 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 30 shares during the period. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

DECK stock opened at $475.00 on Thursday. The firm has a 50-day simple moving average of $468.41 and a two-hundred day simple moving average of $424.74. Deckers Outdoor Co. has a one year low of $238.43 and a one year high of $503.48. The firm has a market cap of $12.52 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 1.22 and a beta of 0.92.

Deckers Outdoor (NYSE:DECK – Get Rating) last posted its earnings results on Thursday, May 25th. The textile maker reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $0.85. The company had revenue of $791.57 million during the quarter, compared to analysts’ expectations of $723.47 million. Deckers Outdoor had a net margin of 14.28% and a return on equity of 31.77%. Deckers Outdoor’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.51 earnings per share. As a group, equities analysts predict that Deckers Outdoor Co. will post 21.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on DECK shares. BTIG Research increased their price objective on shares of Deckers Outdoor from $515.00 to $560.00 in a research report on Monday, May 1st. Robert W. Baird increased their target price on Deckers Outdoor from $500.00 to $575.00 in a research note on Friday, May 26th. Cowen boosted their target price on shares of Deckers Outdoor from $476.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $485.00 price target on shares of Deckers Outdoor in a research note on Wednesday, February 15th. Finally, StockNews.com began coverage on shares of Deckers Outdoor in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $497.69.

Deckers Outdoor Profile

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Deckers Outdoor Corp. engages in the business of designing, marketing, and distributing footwear, apparel, and accessories developed for both everyday casual lifestyle use and high performance activities. It operates through the following segments: UGG Brand, HOKA Brand, Teva Brand, Sanuk Brand, Other Brands, and Direct-to-Consumer.

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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