Adams Diversified Equity Fund Inc. Invests $8.46 Million in Deckers Outdoor Corporation $DECK

Adams Diversified Equity Fund Inc. purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 84,500 shares of the textile maker’s stock, valued at approximately $8,458,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its position 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 bought a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $30,000. Rakuten Securities Inc. boosted its position in shares of Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Activest Wealth Management grew its stake in shares of Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after buying an additional 245 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $35,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DECK has been the topic of several analyst reports. Raymond James Financial downgraded Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price on the stock. in a report on Thursday, April 23rd. KGI Securities cut shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target on the stock. in a research note on Friday, May 22nd. Stifel Nicolaus set a $144.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 29th. Telsey Advisory Group set a $113.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Finally, Barclays reiterated an “overweight” rating and set a $141.00 price target (down from $143.00) on shares of Deckers Outdoor in a report on Tuesday, May 26th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor presently has an average rating of “Hold” and an average price target of $121.11.

Deckers Outdoor Stock Performance

NYSE DECK opened at $104.51 on Friday. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $126.50. The stock has a 50-day moving average of $105.88 and a 200 day moving average of $105.84. The company has a market capitalization of $14.51 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 2.07 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.15. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, equities analysts predict that Deckers Outdoor Corporation will post 7.45 earnings per share for the current fiscal year.

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.