Edgestream Partners L.P. Has $9.02 Million Holdings in Deckers Outdoor Corporation $DECK

Edgestream Partners L.P. grew its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 103.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,066 shares of the textile maker’s stock after acquiring an additional 45,890 shares during the quarter. Edgestream Partners L.P.’s holdings in Deckers Outdoor were worth $9,015,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of DECK. Geneos Wealth Management Inc. grew its position in 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 period. Elyxium Wealth LLC acquired a new position in Deckers Outdoor during the fourth quarter worth $30,000. Rakuten Securities Inc. raised its holdings in 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 buying an additional 100 shares during the last quarter. Activest Wealth Management lifted its stake in shares of 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 in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Deckers Outdoor in the fourth quarter valued at $35,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Price Performance

NYSE DECK opened at $103.50 on Thursday. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $125.45. The firm has a market cap of $14.09 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 1.93 and a beta of 1.17. The company has a fifty day moving average price of $106.50 and a 200-day moving average price of $105.94.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company 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 company posted $0.93 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, research analysts anticipate that Deckers Outdoor Corporation will post 7.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Stifel Nicolaus set a $133.00 target price on shares of Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, July 24th. Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. KeyCorp reaffirmed a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Wells Fargo & Company reiterated an “underweight” rating and set a $85.00 price target on shares of Deckers Outdoor in a research note on Friday, July 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a report on Friday, July 17th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.