Diversify Advisory Services LLC Invests $1 Million in Deckers Outdoor Corporation $DECK

Diversify Advisory Services LLC bought a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,283 shares of the textile maker’s stock, valued at approximately $1,005,000.

A number of other large investors also recently modified their holdings of DECK. Wealthfront Advisers LLC acquired a new stake in shares of Deckers Outdoor in the second quarter worth $740,000. Aljian Capital Management LLC acquired a new stake in Deckers Outdoor in the 2nd quarter worth $6,255,000. Meeder Asset Management Inc. bought a new position in shares of Deckers Outdoor during the 2nd quarter worth about $3,573,000. Conway Capital Management Inc. acquired a new position in shares of Deckers Outdoor during the second quarter valued at about $1,990,000. Finally, BlackRock Inc. bought a new stake in shares of Deckers Outdoor in the second quarter valued at about $1,343,613,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DECK has been the topic of several recent research reports. Needham & Company LLC decreased their price objective on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Barclays set a $133.00 price target on shares of Deckers Outdoor and gave the company an “overweight” rating in a report on Friday, July 24th. Sanford C. Bernstein reiterated a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a research report on Friday, May 22nd. KGI Securities lowered shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target for the company. in a research report on Friday, May 22nd. Finally, Raymond James Financial downgraded Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price objective on the stock. in a report on Thursday, April 23rd. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Deckers Outdoor currently has an average rating of “Hold” and a consensus target price of $117.16.

Deckers Outdoor Trading Up 2.3%

NYSE DECK opened at $91.54 on Thursday. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $125.45. The company has a 50 day moving average of $102.13 and a 200-day moving average of $105.35. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.67 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company earned $0.93 EPS. Deckers Outdoor’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, analysts forecast that Deckers Outdoor Corporation will post 7.5 earnings per share for the current 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.