Elevation Point Wealth Partners LLC Takes $526,000 Position in Deckers Outdoor Corporation $DECK

Elevation Point Wealth Partners LLC bought a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,260 shares of the textile maker’s stock, valued at approximately $526,000.

Other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. raised its holdings in shares of Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares during the period. Hilton Head Capital Partners LLC lifted its holdings in shares of Deckers Outdoor by 29.8% in the first quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 101 shares in the last quarter. GW Henssler & Associates Ltd. lifted its holdings in shares of Deckers Outdoor by 5.8% in the fourth quarter. GW Henssler & Associates Ltd. now owns 2,159 shares of the textile maker’s stock valued at $224,000 after purchasing an additional 118 shares in the last quarter. waypoint wealth counsel boosted its position in shares of Deckers Outdoor by 5.3% in the first quarter. waypoint wealth counsel now owns 2,938 shares of the textile maker’s stock worth $294,000 after buying an additional 148 shares during the period. Finally, BOKF NA grew its holdings in shares of Deckers Outdoor by 0.9% during the third quarter. BOKF NA now owns 17,412 shares of the textile maker’s stock valued at $1,765,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $102.44 on Thursday. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $126.50. The business’s 50-day moving average price is $104.92 and its two-hundred day moving average price is $105.94. The company has a market capitalization of $14.23 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 2.10 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.15. The company 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 business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last 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 anticipate that Deckers Outdoor Corporation will post 7.45 EPS for the current year.

Analyst Ratings Changes

DECK has been the topic of several recent analyst reports. UBS Group upped their price target on Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. KeyCorp reaffirmed a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, May 22nd. Barclays reiterated an “overweight” rating and issued a $141.00 target price (down from $143.00) on shares of Deckers Outdoor in a report on Tuesday, May 26th. Telsey Advisory Group set a $113.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. Finally, Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Deckers Outdoor has a consensus rating of “Hold” and a consensus 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.