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

Vega Investment Solutions purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the second quarter, according to its most recent filing with the SEC. The fund purchased 95,554 shares of the textile maker’s stock, valued at approximately $9,593,000. Deckers Outdoor comprises 1.4% of Vega Investment Solutions’ portfolio, making the stock its 23rd biggest position. Vega Investment Solutions owned approximately 0.07% of Deckers Outdoor as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in DECK. Danske Bank A S acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at about $46,235,000. Private Wealth Advisors LLC bought a new stake in shares of Deckers Outdoor during the 2nd quarter valued at about $4,634,000. ProShare Advisors LLC raised 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 period. GSA Capital Partners LLP acquired a new stake in Deckers Outdoor during the second quarter worth about $1,870,000. Finally, Revolve Wealth Partners LLC bought a new position in Deckers Outdoor in the fourth quarter worth about $247,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Up 0.4%

Shares of NYSE:DECK opened at $92.09 on Tuesday. The company’s 50-day moving average price is $100.76 and its 200 day moving average price is $104.81. The company has a market cap of $12.54 billion, a PE ratio of 13.06, a P/E/G ratio of 1.71 and a beta of 1.17. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $125.45.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, July 23rd. The textile maker reported $0.94 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 firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. Deckers Outdoor’s quarterly revenue was up 5.7% on a year-over-year basis. 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 7.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Friday, July 17th. Barclays set a $133.00 price target on Deckers Outdoor and gave the stock an “overweight” rating in a research report on Friday, July 24th. Truist Financial cut their price target on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Sanford C. Bernstein restated a “market perform” rating and set a $105.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 22nd. Finally, Argus set a $128.00 price objective on Deckers Outdoor in a research note on Friday, May 29th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.