Pallas Capital Advisors LLC Buys New Stake in Deckers Outdoor Corporation $DECK

Pallas Capital Advisors LLC bought a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,655 shares of the textile maker’s stock, valued at approximately $661,000.

Several other institutional investors and hedge funds have also bought and sold shares of DECK. Revolve Wealth Partners LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter valued at $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Deckers Outdoor by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after buying an additional 522 shares during the last quarter. Empowered Funds LLC increased its position in Deckers Outdoor by 165.6% during the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after buying an additional 6,384 shares in the last quarter. Focus Partners Wealth increased its position in Deckers Outdoor by 8.1% during the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after buying an additional 521 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Deckers Outdoor by 163.2% in the second quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock valued at $1,062,000 after buying an additional 6,391 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $91.54 on Thursday. The business’s 50-day simple moving average is $102.13 and its two-hundred day simple moving average is $105.35. The company has a market cap of $12.47 billion, a PE ratio of 12.98, a PEG ratio of 1.67 and a beta of 1.17. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $125.45.

Deckers Outdoor (NYSE:DECK) last announced 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. 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 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, analysts predict that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

Analyst Ratings Changes

DECK has been the subject of several recent analyst reports. Stifel Nicolaus set a $133.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a report on Friday, July 24th. Telsey Advisory Group cut their price objective on shares of Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a report on Friday, July 24th. Needham & Company LLC decreased their price objective on shares of Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Truist Financial lowered 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 note on Friday, July 24th. Finally, Argus set a $128.00 target price on shares of Deckers Outdoor in a research report on Friday, May 29th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.