PenderFund Capital Management Ltd. Buys Shares of 19,305 Deckers Outdoor Corporation $DECK

PenderFund Capital Management Ltd. purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 19,305 shares of the textile maker’s stock, valued at approximately $1,917,000.

Other large investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in Deckers Outdoor during the fourth quarter valued at $30,000. Rakuten Securities Inc. boosted its stake in shares of Deckers Outdoor by 45.5% during the 2nd 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 grew its position in shares of Deckers Outdoor by 298.8% during the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at $35,000. 97.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DECK. Telsey Advisory Group decreased their target price on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a report on Friday, July 24th. Robert W. Baird lowered their target price on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, July 24th. 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 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 equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Hold” and an average target price of $117.16.

Deckers Outdoor Price Performance

DECK stock opened at $86.14 on Friday. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $125.45. The business has a 50 day simple moving average of $99.55 and a two-hundred day simple moving average of $104.29. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 1.66 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the business posted $0.93 earnings per share. The company’s revenue for the quarter 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. Sell-side analysts anticipate that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

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.