Deckers Outdoor Corporation $DECK Shares Purchased by Burney Co.

Burney Co. raised its position in Deckers Outdoor Corporation (NYSE:DECK) by 155.3% in the first quarter, Holdings Channel reports. The fund owned 18,387 shares of the textile maker’s stock after buying an additional 11,185 shares during the period. Burney Co.’s holdings in Deckers Outdoor were worth $1,840,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position in shares of Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 215 shares during the last quarter. Elyxium Wealth LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter worth $30,000. Rakuten Securities Inc. grew its stake in shares of Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Activest Wealth Management increased its holdings in Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after buying an additional 245 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in Deckers Outdoor in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on DECK shares. Wells Fargo & Company downgraded Deckers Outdoor from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $115.00 to $90.00 in a report on Friday, May 8th. Argus set a $128.00 target price on Deckers Outdoor in a research report on Friday, May 29th. Truist Financial set a $125.00 price target on Deckers Outdoor and gave the company a “buy” rating in a report on Friday, May 22nd. KGI Securities lowered 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, Sanford C. Bernstein reissued a “market perform” rating and set a $105.00 price objective on shares of Deckers Outdoor in a report on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $106.19 on Wednesday. The stock’s 50-day moving average is $105.01 and its two-hundred day moving average is $105.92. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $126.50. The firm has a market cap of $14.75 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 2.09 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.15. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, research analysts predict that Deckers Outdoor Corporation will post 7.45 EPS for the current year.

About Deckers Outdoor

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.