7,305 Deckers Outdoor Corporation $DECK Shares Bought by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC increased its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 191.0% during the third quarter, HoldingsChannel reports. The fund owned 11,130 shares of the textile maker’s stock after buying an additional 7,305 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Deckers Outdoor were worth $870,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DECK. Orion Capital Management LLC acquired a new position in Deckers Outdoor in the 2nd quarter worth about $30,000. Continuum Advisory LLC bought a new position in Deckers Outdoor in the second quarter valued at about $38,000. Hilton Head Capital Partners LLC boosted its stake in shares of Deckers Outdoor by 29.8% during the first quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 101 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in shares of Deckers Outdoor by 785.7% during the third quarter. Toth Financial Advisory Corp now owns 620 shares of the textile maker’s stock valued at $48,000 after purchasing an additional 550 shares in the last quarter. Finally, Westfuller Advisors LLC boosted its stake in shares of Deckers Outdoor by 28,000.0% during the first quarter. Westfuller Advisors LLC now owns 562 shares of the textile maker’s stock valued at $56,000 after purchasing an additional 560 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Telsey Advisory Group restated a “market perform” rating and set a $105.00 price target on shares of Deckers Outdoor in a report on Thursday. Stifel Nicolaus set a $133.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, July 24th. UBS Group reiterated a “buy” rating and issued a $140.00 price objective on shares of Deckers Outdoor in a report on Thursday. Truist Financial cut their target price on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Finally, Needham & Company LLC reduced their target price on shares of Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Deckers Outdoor presently has an average rating of “Hold” and a consensus price target of $113.32.

Deckers Outdoor Stock Up 4.4%

NYSE DECK opened at $86.49 on Friday. The company has a market capitalization of $11.78 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.29 and a beta of 1.12. Deckers Outdoor Corporation has a twelve month low of $77.20 and a twelve month high of $122.29. The stock has a fifty day simple moving average of $84.51 and a 200 day simple moving average of $97.43.

Deckers Outdoor (NYSE:DECK) last announced 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 firm 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 business earned $0.93 EPS. The business’s quarterly revenue 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. Research analysts expect that Deckers Outdoor Corporation will post 7.50 earnings per share for the current fiscal year.

Deckers Outdoor Profile

Deckers Outdoor Corporation, doing business as Deckers Brands, is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual lifestyle products; HOKA, which develops performance running and outdoor footwear; and Teva, which offers outdoor and adventure sandals and footwear. The company also markets Koolaburra by UGG and other product lines.

Deckers sells its products through company-owned retail stores, e-commerce websites, wholesale accounts and selected distributors.