BW Gestao de Investimentos Ltda. Takes $4.04 Million Position in Deckers Outdoor Corporation $DECK

BW Gestao de Investimentos Ltda. purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 39,002 shares of the textile maker’s stock, valued at approximately $4,043,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DECK. Geneos Wealth Management Inc. raised its position in shares of 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 buying an additional 215 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. raised its position 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 valued at $33,000 after buying an additional 100 shares in the last quarter. Activest Wealth Management raised its position in Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 245 shares in the last quarter. Finally, Aventura Private Wealth LLC acquired a new position in Deckers Outdoor during the fourth quarter valued at approximately $40,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Down 0.1%

Shares of Deckers Outdoor stock opened at $110.72 on Wednesday. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $126.50. The stock has a market cap of $15.38 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 2.20 and a beta of 1.16. The company’s fifty day moving average is $103.28 and its 200 day moving average is $103.09.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.15. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Deckers Outdoor’s revenue for the quarter was up 9.5% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, equities analysts anticipate that Deckers Outdoor Corporation will post 7.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Truist Financial set a $125.00 price objective on shares of Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, May 22nd. Argus set a $128.00 price objective on shares of Deckers Outdoor in a research report on Friday. Sanford C. Bernstein restated a “market perform” rating and set a $105.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 22nd. Telsey Advisory Group set a $113.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 22nd. Finally, Piper Sandler upgraded shares of Deckers Outdoor from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $95.00 to $100.00 in a research report on Monday, May 18th. Nine investment 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, Deckers Outdoor has a consensus rating of “Hold” and an average price target of $121.11.

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.