Spartan Wealth Advisory Services LLC Invests $649,000 in Deckers Outdoor Corporation $DECK

Spartan Wealth Advisory Services LLC purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,489 shares of the textile maker’s stock, valued at approximately $649,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DECK. Allspring Global Investments Holdings LLC grew its stake in Deckers Outdoor by 24.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 407,698 shares of the textile maker’s stock valued at $43,538,000 after acquiring an additional 81,345 shares in the last quarter. ProShare Advisors LLC increased its holdings in Deckers Outdoor by 52.5% during the 4th 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. SG Americas Securities LLC lifted its stake in Deckers Outdoor by 309.0% in the 4th quarter. SG Americas Securities LLC now owns 240,466 shares of the textile maker’s stock worth $24,929,000 after purchasing an additional 181,675 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Deckers Outdoor by 19.8% in the 4th quarter. Park Avenue Securities LLC now owns 30,211 shares of the textile maker’s stock worth $3,132,000 after purchasing an additional 4,993 shares in the last quarter. Finally, Stratos Wealth Advisors LLC boosted its holdings in Deckers Outdoor by 54.8% in the 4th quarter. Stratos Wealth Advisors LLC now owns 33,524 shares of the textile maker’s stock valued at $3,475,000 after purchasing an additional 11,869 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Price Performance

DECK stock opened at $106.50 on Monday. The firm has a 50 day simple moving average of $105.55 and a two-hundred day simple moving average of $106.19. The stock has a market cap of $14.79 billion, a PE ratio of 15.13, a P/E/G ratio of 2.10 and a beta of 1.17. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $126.50.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data 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. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the company posted $1.00 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, research analysts expect that Deckers Outdoor Corporation will post 7.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research report on Monday, April 20th. KGI Securities lowered Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective for the company. in a research note on Friday, May 22nd. UBS Group boosted their target price on Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Stifel Nicolaus set a $144.00 target price on Deckers Outdoor in a research report on Friday, May 29th. Finally, Needham & Company LLC restated a “buy” rating and issued a $138.00 target price on shares of Deckers Outdoor in a research note on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor 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.