Collaborative Fund Advisors LLC Invests $1.95 Million in Deckers Outdoor Corporation $DECK

Collaborative Fund Advisors LLC acquired a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 19,518 shares of the textile maker’s stock, valued at approximately $1,954,000. Deckers Outdoor comprises 1.2% of Collaborative Fund Advisors LLC’s investment portfolio, making the stock its 28th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its holdings in Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter worth approximately $30,000. Rakuten Securities Inc. grew 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 buying an additional 100 shares during the last quarter. Activest Wealth Management raised its stake in shares of Deckers Outdoor by 298.8% during the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after acquiring an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $35,000. Institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DECK shares. Raymond James Financial downgraded shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price for the company. in a research note on Thursday, April 23rd. Barclays reaffirmed an “overweight” rating and set a $141.00 price target (down from $143.00) on shares of Deckers Outdoor in a research report on Tuesday, May 26th. Telsey Advisory Group set a $113.00 price objective on Deckers Outdoor in a report on Friday, May 22nd. KGI Securities cut Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective for the company. in a research report on Friday, May 22nd. Finally, Wells Fargo & Company downgraded Deckers Outdoor from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $115.00 to $90.00 in a research note on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Deckers Outdoor has a consensus rating of “Hold” and a consensus price target of $121.11.

Deckers Outdoor Stock Up 0.1%

Shares of NYSE DECK opened at $104.81 on Monday. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $126.50. The business’s 50 day moving average price is $105.10 and its 200 day moving average price is $105.89. The firm has a market cap of $14.56 billion, a P/E ratio of 14.89, a P/E/G ratio of 2.07 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 (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm posted $1.00 EPS. Deckers Outdoor’s revenue for the quarter was up 9.5% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, research analysts expect that Deckers Outdoor Corporation will post 7.45 earnings per share for the current 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.