Redwood Investment Management LLC Acquires Shares of 11,618 Deckers Outdoor Corporation $DECK

Redwood Investment Management LLC bought a new position in Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, Holdings Channel.com reports. The institutional investor bought 11,618 shares of the textile maker’s stock, valued at approximately $1,154,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Danske Bank A S purchased a new stake in shares of Deckers Outdoor during the 2nd quarter valued at approximately $46,235,000. Private Wealth Advisors LLC purchased a new position in Deckers Outdoor in the second quarter worth approximately $4,634,000. ProShare Advisors LLC increased its stake in Deckers Outdoor by 52.5% during the fourth quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker’s stock worth $4,356,000 after acquiring an additional 14,470 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Deckers Outdoor during the second quarter worth $1,870,000. Finally, Revolve Wealth Partners LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth $247,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Trading Down 3.7%

NYSE:DECK opened at $86.14 on Friday. The firm has a market cap of $11.73 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 1.66 and a beta of 1.17. The stock has a fifty day moving average price of $99.55 and a 200 day moving average price of $104.29. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $125.45.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. The company 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%.Deckers Outdoor’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities analysts forecast that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Robert W. Baird decreased their price target on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Truist Financial dropped 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. KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Stifel Nicolaus set a $133.00 target price on Deckers Outdoor and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Argus set a $128.00 target price on Deckers Outdoor in a research report on Friday, May 29th. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $117.16.

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.