Sei Investments Co. Increases Stock Position in Deckers Outdoor Corporation $DECK

Sei Investments Co. raised its stake in Deckers Outdoor Corporation (NYSE:DECK) by 159.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 226,705 shares of the textile maker’s stock after purchasing an additional 139,484 shares during the period. Sei Investments Co.’s holdings in Deckers Outdoor were worth $22,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers increased its position in shares of Deckers Outdoor by 33.4% during the first quarter. Cetera Investment Advisers now owns 45,627 shares of the textile maker’s stock worth $4,567,000 after purchasing an additional 11,432 shares in the last quarter. Aureus Asset Management LLC acquired a new stake in shares of Deckers Outdoor in the 1st quarter valued at about $1,770,000. First Trust Advisors LP boosted its position in shares of Deckers Outdoor by 38.6% in the 1st quarter. First Trust Advisors LP now owns 214,987 shares of the textile maker’s stock valued at $21,518,000 after purchasing an additional 59,898 shares during the period. Westpac Banking Corp purchased a new position in Deckers Outdoor during the 1st quarter worth approximately $173,000. Finally, PNC Financial Services Group Inc. grew its stake in Deckers Outdoor by 11.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 28,257 shares of the textile maker’s stock worth $2,828,000 after buying an additional 2,870 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $104.02 on Wednesday. The stock has a fifty day moving average price of $106.39 and a 200 day moving average price of $105.96. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $125.45. The company has a market cap of $14.17 billion, a PE ratio of 14.75, a P/E/G ratio of 1.82 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. Deckers Outdoor’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Analysts anticipate that Deckers Outdoor Corporation will post 7.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial reduced their price objective on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Robert W. Baird lowered their target price on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Barclays set a $133.00 price target on shares of Deckers Outdoor and gave the company an “overweight” rating in a research report on Friday. Finally, Needham & Company LLC decreased their price target on shares of Deckers Outdoor from $138.00 to $125.00 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 assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock 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.