Capricorn Fund Managers Ltd Takes Position in Deckers Outdoor Corporation $DECK

Capricorn Fund Managers Ltd purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the first quarter, HoldingsChannel reports. The fund purchased 40,000 shares of the textile maker’s stock, valued at approximately $4,004,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. increased its position in shares of Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Hilton Head Capital Partners LLC boosted its stake in Deckers Outdoor by 29.8% during the first quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker’s stock worth $44,000 after buying an additional 101 shares during the period. GW Henssler & Associates Ltd. increased its position in Deckers Outdoor by 5.8% during the fourth quarter. GW Henssler & Associates Ltd. now owns 2,159 shares of the textile maker’s stock valued at $224,000 after acquiring an additional 118 shares during the last quarter. Perennial Investment Advisors LLC increased its position in Deckers Outdoor by 5.4% during the third quarter. Perennial Investment Advisors LLC now owns 2,709 shares of the textile maker’s stock valued at $275,000 after acquiring an additional 138 shares during the last quarter. Finally, waypoint wealth counsel raised its stake 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 valued at $294,000 after acquiring an additional 148 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $99.40 on Wednesday. The firm’s 50 day simple moving average is $105.48 and its 200-day simple moving average is $105.86. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $126.50. The firm has a market cap of $13.81 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 2.00 and a beta of 1.16.

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

Wall Street Analyst Weigh In

DECK has been the subject of a number of recent analyst reports. Wells Fargo & Company cut shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $115.00 to $90.00 in a research note on Friday, May 8th. Telsey Advisory Group set a $113.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 22nd. Stifel Nicolaus set a $144.00 target price on Deckers Outdoor in a research note on Friday, May 29th. KGI Securities downgraded Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target on the stock. in a report on Friday, May 22nd. Finally, Barclays reissued an “overweight” rating and set a $141.00 price target (down from $143.00) on shares of Deckers Outdoor in a research note on Tuesday, May 26th. Nine research 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $121.11.

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.