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

Westerkirk Capital Inc. boosted its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 78.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,700 shares of the textile maker’s stock after purchasing an additional 10,400 shares during the quarter. Westerkirk Capital Inc.’s holdings in Deckers Outdoor were worth $2,457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $252,729,000. Viking Global Investors LP bought a new stake in shares of Deckers Outdoor in the 3rd quarter valued at about $175,058,000. Northern Trust Corp increased its stake in shares of Deckers Outdoor by 3.6% in the 3rd quarter. Northern Trust Corp now owns 1,721,542 shares of the textile maker’s stock valued at $174,513,000 after acquiring an additional 60,029 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Deckers Outdoor by 109.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,656,405 shares of the textile maker’s stock valued at $171,720,000 after acquiring an additional 867,397 shares during the last quarter. Finally, TD Asset Management Inc increased its stake in shares of Deckers Outdoor by 5.7% in the 4th quarter. TD Asset Management Inc now owns 1,456,239 shares of the textile maker’s stock valued at $150,968,000 after acquiring an additional 77,896 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Performance

NYSE DECK opened at $109.61 on Tuesday. The business has a 50 day simple moving average of $104.22 and a 200 day simple moving average of $104.01. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $126.50. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 2.14 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business earned $1.00 EPS. Deckers Outdoor’s revenue for the quarter was up 9.5% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, analysts predict that Deckers Outdoor Corporation will post 7.44 EPS for the current year.

Wall Street Analyst Weigh In

DECK has been the subject of a number of recent analyst reports. UBS Group upped their price target on Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research note on Monday, April 20th. KGI Securities cut Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target for the company. in a research note on Friday, May 22nd. Argus set a $128.00 price target on Deckers Outdoor in a research note on Friday, May 29th. Finally, Piper Sandler raised Deckers Outdoor from an “underweight” rating to a “neutral” rating and upped their price target for the company from $95.00 to $100.00 in a research note on Monday, May 18th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $121.11.

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.