Commerce Bank Takes Position in Deckers Outdoor Corporation $DECK

Commerce Bank acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 6,441 shares of the textile maker’s stock, valued at approximately $640,000.

Other large investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its stake in Deckers Outdoor by 330.8% during the 2nd 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 period. Elyxium Wealth LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $30,000. Rakuten Securities Inc. grew its stake in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares during the period. Activest Wealth Management grew 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 worth $34,000 after acquiring an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $35,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Up 0.8%

Shares of DECK opened at $89.43 on Thursday. The business has a 50-day simple moving average of $100.00 and a two-hundred day simple moving average of $104.50. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $125.45. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.65 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, equities analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Stifel Nicolaus set a $133.00 price objective on shares of Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, July 24th. Truist Financial cut their target price on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Barclays set a $133.00 target price on shares of Deckers Outdoor and gave the company an “overweight” rating in a research note on Friday, July 24th. Wells Fargo & Company reissued an “underweight” rating and set a $85.00 price target on shares of Deckers Outdoor in a report on Friday, July 24th. Finally, KeyCorp restated a “sector weight” 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 issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $117.16.

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.