Vega Investment Solutions Invests $9.59 Million in Deckers Outdoor Corporation $DECK

Vega Investment Solutions purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 95,554 shares of the textile maker’s stock, valued at approximately $9,593,000. Deckers Outdoor accounts for 1.4% of Vega Investment Solutions’ holdings, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Deckers Outdoor in the second quarter worth about $1,343,613,000. Federated Hermes Inc. increased its stake in Deckers Outdoor by 374.1% during the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after buying an additional 2,485,338 shares during the period. Norges Bank bought a new stake in shares of Deckers Outdoor during the 4th quarter worth about $252,729,000. AQR Capital Management LLC raised its position in shares of 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 worth $273,000,000 after buying an additional 2,035,517 shares in the last quarter. Finally, Viking Global Investors LP acquired a new stake in shares of Deckers Outdoor in the 3rd quarter worth approximately $175,058,000. 97.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DECK. Barclays set a $133.00 price objective on shares of Deckers Outdoor and gave the company an “overweight” rating in a report on Friday, July 24th. Truist Financial dropped their target price on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Stifel Nicolaus set a $133.00 target price on Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, July 24th. Telsey Advisory Group decreased their price target on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a research note on Friday, July 24th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $105.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $117.16.

Deckers Outdoor Trading Up 0.4%

Shares of NYSE DECK opened at $92.09 on Tuesday. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $125.45. The firm has a 50-day moving average of $100.76 and a two-hundred day moving average of $104.81. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 1.71 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, topping the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the company posted $0.93 EPS. The business’s 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. As a group, research analysts predict that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Deckers Outdoor 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.