Cibc World Market Inc. Makes New $1.76 Million Investment in Deckers Outdoor Corporation $DECK

Cibc World Market Inc. bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,760 shares of the textile maker’s stock, valued at approximately $1,763,000.

A number of other hedge funds have also recently made changes to their positions in DECK. BlackRock Inc. purchased a new position in shares of Deckers Outdoor during the second quarter worth approximately $1,343,613,000. Federated Hermes Inc. boosted its holdings in shares of Deckers Outdoor by 374.1% in the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after purchasing an additional 2,485,338 shares during the period. Invesco Ltd. grew its stake in Deckers Outdoor by 0.5% in the fourth quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker’s stock worth $285,380,000 after purchasing an additional 12,350 shares in the last quarter. AQR Capital Management LLC grew its stake in Deckers Outdoor by 340.5% in the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock worth $273,000,000 after purchasing an additional 2,035,517 shares in the last quarter. Finally, Norges Bank bought a new position in Deckers Outdoor in the fourth quarter worth approximately $252,729,000. 97.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DECK shares. Truist Financial decreased their target price on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Stifel Nicolaus set a $133.00 price target on Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Telsey Advisory Group decreased their price objective on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a report on Friday, July 24th. Nine research 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $117.16.

Deckers Outdoor Stock Performance

NYSE DECK opened at $86.14 on Friday. The firm’s 50 day moving average price is $99.55 and its 200-day moving average price is $104.29. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $125.45. The company has a market cap of $11.73 billion, a PE ratio of 12.22, a P/E/G ratio of 1.66 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 (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. Deckers Outdoor’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, analysts forecast that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

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.