SummitTX Capital L.P. Invests $5.77 Million in Deckers Outdoor Corporation $DECK

SummitTX Capital L.P. bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 57,613 shares of the textile maker’s stock, valued at approximately $5,766,000.

Other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. increased its holdings in Deckers Outdoor by 374.1% in the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock worth $326,531,000 after buying an additional 2,485,338 shares during the period. Norges Bank acquired a new stake in Deckers Outdoor during the 4th quarter valued at approximately $252,729,000. AQR Capital Management LLC lifted its stake in Deckers Outdoor by 340.5% during the 4th quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after acquiring an additional 2,035,517 shares during the period. Viking Global Investors LP purchased a new stake in shares of Deckers Outdoor in the 3rd quarter valued at $175,058,000. Finally, Marshall Wace LLP boosted its holdings in shares of Deckers Outdoor by 5,324.4% in the 4th quarter. Marshall Wace LLP now owns 1,498,106 shares of the textile maker’s stock valued at $155,309,000 after acquiring an additional 1,470,488 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Truist Financial reduced their target price on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a report on Friday. Stifel Nicolaus set a $133.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Friday, July 17th. Raymond James Financial cut Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price objective for the company. in a report on Thursday, April 23rd. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a research note on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Hold” and a consensus price target of $117.16.

Deckers Outdoor Stock Performance

DECK stock opened at $97.90 on Tuesday. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $125.45. The firm’s fifty day moving average is $106.20 and its 200 day moving average is $105.96. The firm has a market cap of $13.60 billion, a PE ratio of 13.89, a P/E/G ratio of 1.90 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share 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 business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The company’s revenue 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. Research analysts predict that Deckers Outdoor Corporation will post 7.44 earnings per share for the current fiscal 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.