EP Wealth Advisors LLC Takes Position in Deckers Outdoor Corporation $DECK

EP Wealth Advisors LLC bought a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, Holdings Channel.com reports. The fund bought 6,217 shares of the textile maker’s stock, valued at approximately $617,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its position in Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 215 shares during the last quarter. Elyxium Wealth LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter worth about $30,000. Rakuten Securities Inc. grew its holdings 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 during the last quarter. Activest Wealth Management increased its position in shares of Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after purchasing an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth about $35,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. UBS Group reissued a “buy” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Wells Fargo & Company restated an “underweight” rating and set a $85.00 price target on shares of Deckers Outdoor in a research note on Friday, July 24th. Truist Financial cut their price target on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Telsey Advisory Group reduced their price objective on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a research note on Friday, July 24th. Finally, KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Nine investment 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. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Hold” and an average price target of $117.16.

Deckers Outdoor Stock Performance

NYSE DECK opened at $92.09 on Tuesday. The firm’s fifty day moving average is $100.76 and its two-hundred day moving average is $104.81. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $125.45. The firm has a market cap of $12.54 billion, a PE ratio of 13.06, a P/E/G ratio of 1.71 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping 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 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 earned $0.93 earnings per share. The business’s quarterly 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 7.5 earnings per share for the current year.

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.