Conway Capital Management Inc. Purchases Shares of 20,042 Deckers Outdoor Corporation $DECK

Conway Capital Management Inc. acquired a new position in Deckers Outdoor Corporation (NYSE:DECK) in the 2nd quarter, HoldingsChannel reports. The firm acquired 20,042 shares of the textile maker’s stock, valued at approximately $1,990,000. Deckers Outdoor makes up 0.9% of Conway Capital Management Inc.’s portfolio, making the stock its 18th largest position.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Deckers Outdoor during the second quarter valued at approximately $1,343,613,000. Federated Hermes Inc. boosted its holdings in Deckers Outdoor by 374.1% in the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after acquiring an additional 2,485,338 shares in the last quarter. Norges Bank bought a new stake in Deckers Outdoor in the fourth quarter valued at $252,729,000. AQR Capital Management LLC increased its position in Deckers Outdoor by 340.5% during the 4th quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after purchasing an additional 2,035,517 shares during the period. Finally, Viking Global Investors LP purchased a new position in Deckers Outdoor during the 3rd quarter valued at $175,058,000. 97.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DECK shares. Robert W. Baird dropped their target price on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Telsey Advisory Group reduced their price target on shares of Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a research report on Friday, July 24th. Wells Fargo & Company reissued an “underweight” rating and issued a $85.00 price target on shares of Deckers Outdoor in a research note on Friday, July 24th. UBS Group restated a “buy” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Finally, Stifel Nicolaus set a $133.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Deckers Outdoor has a consensus rating of “Hold” and an average target price of $117.16.

Deckers Outdoor Stock Down 3.2%

DECK stock opened at $90.11 on Tuesday. The business has a 50 day moving average of $102.98 and a 200 day moving average of $105.47. The firm has a market cap of $12.27 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.73 and a beta of 1.17. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $125.45.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, research analysts expect that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

Deckers Outdoor Company 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.