Westerkirk Capital Inc. Acquires 10,400 Shares of Deckers Outdoor Corporation $DECK

Westerkirk Capital Inc. raised its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 78.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 23,700 shares of the textile maker’s stock after buying an additional 10,400 shares during the period. Westerkirk Capital Inc.’s holdings in Deckers Outdoor were worth $2,457,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its stake in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after acquiring an additional 215 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. grew its stake 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 grew its stake 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 worth approximately $35,000. 97.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $138.00 price target on shares of Deckers Outdoor in a research note on Friday, May 22nd. Sanford C. Bernstein reissued a “market perform” rating and issued a $105.00 price objective on shares of Deckers Outdoor in a report on Friday, May 22nd. Stifel Nicolaus set a $144.00 price objective on Deckers Outdoor in a report on Friday, May 29th. Finally, UBS Group increased their price objective on Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor currently has an average rating of “Hold” and an average price target of $121.11.

Deckers Outdoor Trading Up 1.4%

NYSE DECK opened at $109.61 on Tuesday. The company has a market cap of $15.22 billion, a PE ratio of 15.57, a PEG ratio of 2.14 and a beta of 1.16. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $126.50. The stock has a 50 day moving average of $104.22 and a 200-day moving average of $104.01.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 EPS for the quarter, beating the consensus estimate of $0.81 by $0.15. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, sell-side analysts predict that Deckers Outdoor Corporation will post 7.44 EPS for the current fiscal year.

About Deckers Outdoor

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.