OP Asset Management Ltd Makes New Investment in Deckers Outdoor Corporation $DECK

OP Asset Management Ltd acquired a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,824 shares of the textile maker’s stock, valued at approximately $1,484,000.

Several other hedge funds also recently modified their holdings of DECK. Revolve Wealth Partners LLC acquired a new stake in Deckers Outdoor in the fourth quarter worth $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Deckers Outdoor by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock valued at $1,858,000 after purchasing an additional 522 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Deckers Outdoor by 165.6% during the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after purchasing an additional 6,384 shares during the period. Focus Partners Wealth raised its holdings in shares of Deckers Outdoor by 8.1% during the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after purchasing an additional 521 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of Deckers Outdoor by 163.2% during the 2nd quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock worth $1,062,000 after purchasing an additional 6,391 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

DECK has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Monday, April 20th. Truist Financial set a $125.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, May 22nd. Raymond James Financial lowered Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target on the stock. in a report on Thursday, April 23rd. Argus set a $128.00 price objective on Deckers Outdoor in a research note on Friday, May 29th. Finally, Telsey Advisory Group set a $113.00 target price on Deckers Outdoor in a research report on Friday, May 22nd. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $121.11.

Deckers Outdoor Price Performance

DECK opened at $101.01 on Tuesday. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $126.50. The firm has a market capitalization of $14.03 billion, a PE ratio of 14.35, a P/E/G ratio of 2.07 and a beta of 1.16. The company’s 50-day moving average is $105.73 and its 200 day moving average is $105.87.

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