Pacer Advisors Inc. Decreases Position in Deckers Outdoor Corporation $DECK

Pacer Advisors Inc. trimmed its position in Deckers Outdoor Corporation (NYSE:DECK) by 3.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 377,240 shares of the textile maker’s stock after selling 14,596 shares during the period. Pacer Advisors Inc.’s holdings in Deckers Outdoor were worth $37,758,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DECK. Geneos Wealth Management Inc. raised its holdings in shares of Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 215 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter worth approximately $30,000. Rakuten Securities Inc. boosted its stake in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares during the last quarter. Activest Wealth Management increased its position in shares of Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after purchasing an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $35,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

NYSE:DECK opened at $99.31 on Tuesday. The firm has a market capitalization of $13.52 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 1.80 and a beta of 1.17. The company’s 50-day moving average is $106.11 and its two-hundred day moving average is $105.86. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $125.45.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The business had revenue of $1.02 billion during 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%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, equities analysts anticipate that Deckers Outdoor Corporation will post 7.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. UBS Group reissued a “buy” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Telsey Advisory Group reduced their target price on shares of Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a research report on Friday, July 24th. KGI Securities downgraded shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target on the stock. in a research note on Friday, May 22nd. Finally, Barclays set a $133.00 price target on shares of Deckers Outdoor and gave the stock an “overweight” rating in a research note on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average 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.