Redwood Investment Management LLC Takes $1.15 Million Position in Deckers Outdoor Corporation $DECK

Redwood Investment Management LLC bought a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 11,618 shares of the textile maker’s stock, valued at approximately $1,154,000.

A number of other hedge funds have also recently added to or reduced their stakes in DECK. Costello Asset Management INC boosted its stake in shares of Deckers Outdoor by 14.3% during the 1st quarter. Costello Asset Management INC now owns 800 shares of the textile maker’s stock worth $80,000 after acquiring an additional 100 shares in the last quarter. Rakuten Securities Inc. grew its position 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 valued at $33,000 after acquiring an additional 100 shares during the period. Hilton Head Capital Partners LLC increased its stake in shares of Deckers Outdoor by 29.8% in the 1st quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 101 shares in the last quarter. GW Henssler & Associates Ltd. increased its stake in shares of Deckers Outdoor by 5.8% in the 4th quarter. GW Henssler & Associates Ltd. now owns 2,159 shares of the textile maker’s stock valued at $224,000 after purchasing an additional 118 shares in the last quarter. Finally, Cim LLC increased its stake in shares of Deckers Outdoor by 1.1% in the 1st quarter. Cim LLC now owns 12,207 shares of the textile maker’s stock valued at $1,222,000 after purchasing an additional 133 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $86.14 on Friday. The business has a 50 day simple moving average of $99.55 and a two-hundred day simple moving average of $104.29. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $125.45. The stock has a market capitalization of $11.73 billion, a P/E ratio of 12.22, a PEG ratio of 1.66 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The business’s 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, research analysts anticipate that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DECK. 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. Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research note on Friday, July 17th. Wells Fargo & Company reiterated an “underweight” rating and set a $85.00 target price on shares of Deckers Outdoor in a research report on Friday, July 24th. Finally, UBS Group reissued a “buy” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. 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 company. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Hold” and an average target price 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.