Western Wealth Management LLC Takes $673,000 Position in Deckers Outdoor Corporation $DECK

Western Wealth Management LLC bought a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,525 shares of the textile maker’s stock, valued at approximately $673,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. CVA Family Office LLC lifted its holdings in Deckers Outdoor by 137.4% in the 2nd quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 180 shares during the last quarter. Cromwell Holdings LLC lifted its stake in Deckers Outdoor by 4,766.7% during the second quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 429 shares during the last quarter. Banque Transatlantique SA bought a new stake in Deckers Outdoor during the first quarter worth approximately $51,000. Costello Asset Management INC bought a new stake in Deckers Outdoor during the first quarter worth approximately $78,000. Finally, Whittier Trust Co. grew its position in Deckers Outdoor by 187.3% in the second quarter. Whittier Trust Co. now owns 767 shares of the textile maker’s stock worth $79,000 after buying an additional 500 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Trading Down 2.6%

NYSE:DECK opened at $80.66 on Tuesday. The firm has a market capitalization of $11.76 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 3.79 and a beta of 1.10. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $223.98. The business’s fifty day moving average price is $98.35 and its 200 day moving average price is $105.67.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 23rd. The textile maker reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.24. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the company posted $1.59 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. Equities analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $81.45, for a total value of $118,917.00. Following the completion of the sale, the insider owned 34,020 shares in the company, valued at $2,770,929. This represents a 4.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the transaction, the director owned 10,979 shares in the company, valued at approximately $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DECK. UBS Group reiterated a “buy” rating on shares of Deckers Outdoor in a research report on Friday, October 24th. Zacks Research lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Evercore ISI reduced their target price on Deckers Outdoor from $115.00 to $110.00 and set an “in-line” rating for the company in a report on Friday, October 17th. Cowen reiterated a “buy” rating on shares of Deckers Outdoor in a research report on Friday, October 24th. Finally, Barclays dropped their price target on Deckers Outdoor from $141.00 to $113.00 and set an “overweight” rating on the stock in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $118.11.

About Deckers Outdoor

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.