Perennial Investment Advisors LLC Makes New $265,000 Investment in Deckers Outdoor Corporation $DECK

Perennial Investment Advisors LLC acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 2,571 shares of the textile maker’s stock, valued at approximately $265,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DECK. Portside Wealth Group LLC raised its stake in Deckers Outdoor by 21.7% in the 2nd quarter. Portside Wealth Group LLC now owns 3,152 shares of the textile maker’s stock valued at $325,000 after acquiring an additional 561 shares during the period. Empowered Funds LLC boosted its position in shares of Deckers Outdoor by 771.1% in the second quarter. Empowered Funds LLC now owns 89,194 shares of the textile maker’s stock valued at $9,193,000 after acquiring an additional 78,955 shares during the period. Dorsey & Whitney Trust CO LLC raised its position in shares of Deckers Outdoor by 15.6% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 2,321 shares of the textile maker’s stock valued at $239,000 after buying an additional 314 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Deckers Outdoor by 5.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 71,062 shares of the textile maker’s stock valued at $7,324,000 after acquiring an additional 3,921 shares during the period. Finally, Westpac Banking Corp acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at approximately $80,000. 97.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on DECK. Needham & Company LLC cut their target price on Deckers Outdoor from $128.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Cowen reissued a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 24th. Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Jefferies Financial Group reduced their price target on shares of Deckers Outdoor from $114.00 to $107.00 and set a “hold” rating on the stock in a research note on Thursday, October 23rd. Finally, UBS Group reiterated a “buy” rating on shares of Deckers Outdoor in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor presently has an average rating of “Hold” and a consensus price target of $117.58.

Insider Transactions at Deckers Outdoor

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

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $83.01 on Thursday. The company has a 50 day simple moving average of $97.09 and a 200 day simple moving average of $105.28. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $223.98. The firm has a market cap of $12.10 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 3.79 and a beta of 1.10.

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

Deckers Outdoor Profile

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.