PenderFund Capital Management Ltd. Invests $1.92 Million in Deckers Outdoor Corporation $DECK

PenderFund Capital Management Ltd. bought a new position in Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, Holdings Channel reports. The firm bought 19,305 shares of the textile maker’s stock, valued at approximately $1,917,000.

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

Deckers Outdoor Price Performance

NYSE:DECK opened at $86.14 on Friday. The firm has a market capitalization of $11.73 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 1.66 and a beta of 1.17. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $125.45. The business has a 50 day simple moving average of $99.55 and a 200-day simple moving average of $104.29.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, analysts expect that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

DECK has been the subject of a number of recent research reports. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $85.00 price target on shares of Deckers Outdoor in a research note on Friday, July 24th. UBS Group reiterated a “buy” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Finally, Truist Financial dropped their price objective on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Nine equities research 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’s stock. Based on data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Hold” and an average price target of $117.16.

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.