Deckers Outdoor Corporation $DECK Stock Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC boosted its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 191.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,130 shares of the textile maker’s stock after buying an additional 7,305 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Deckers Outdoor were worth $870,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DECK. Orion Capital Management LLC acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at approximately $30,000. Continuum Advisory LLC bought a new stake in shares of Deckers Outdoor during the 2nd quarter worth approximately $38,000. Hilton Head Capital Partners LLC lifted its holdings in shares of Deckers Outdoor by 29.8% during the 1st quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker’s stock worth $44,000 after acquiring an additional 101 shares during the period. Toth Financial Advisory Corp boosted its position in shares of Deckers Outdoor by 785.7% during the 3rd quarter. Toth Financial Advisory Corp now owns 620 shares of the textile maker’s stock worth $48,000 after acquiring an additional 550 shares in the last quarter. Finally, Westfuller Advisors LLC boosted its position in shares of Deckers Outdoor by 28,000.0% during the 1st quarter. Westfuller Advisors LLC now owns 562 shares of the textile maker’s stock worth $56,000 after acquiring an additional 560 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. BMO Capital Markets started coverage on shares of Deckers Outdoor in a research note on Tuesday, September 8th. They issued an “underperform” rating and a $70.00 price objective on the stock. Needham & Company LLC lowered their price objective on shares of Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, July 24th. KeyCorp restated a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Telsey Advisory Group restated a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a research note on Thursday. Finally, Weiss Ratings downgraded Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $113.32.

Deckers Outdoor Stock Up 4.4%

Deckers Outdoor stock opened at $86.49 on Friday. The stock has a market cap of $11.78 billion, a PE ratio of 11.75, a P/E/G ratio of 1.29 and a beta of 1.12. Deckers Outdoor Corporation has a 12-month low of $77.20 and a 12-month high of $122.29. The business’s 50-day moving average price is $84.51 and its two-hundred day moving average price is $97.43.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping analysts’ consensus estimates 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 business earned $0.93 earnings per share. The business’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. As a group, analysts expect that Deckers Outdoor Corporation will post 7.50 earnings per share for the current year.

Deckers Outdoor Profile

Deckers Outdoor Corporation, doing business as Deckers Brands, is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual lifestyle products; HOKA, which develops performance running and outdoor footwear; and Teva, which offers outdoor and adventure sandals and footwear. The company also markets Koolaburra by UGG and other product lines.

Deckers sells its products through company-owned retail stores, e-commerce websites, wholesale accounts and selected distributors.