Contravisory Investment Management Inc. Buys New Position in Deckers Outdoor Corporation $DECK

Contravisory Investment Management Inc. purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,788 shares of the textile maker’s stock, valued at approximately $880,000.

Other institutional investors have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter valued at about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Deckers Outdoor by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after purchasing an additional 522 shares in the last quarter. Empowered Funds LLC boosted its stake in Deckers Outdoor by 165.6% in the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock worth $1,145,000 after purchasing an additional 6,384 shares in the last quarter. Focus Partners Wealth grew its position in Deckers Outdoor by 8.1% during the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock worth $773,000 after purchasing an additional 521 shares during the last quarter. Finally, Marshall Wace LLP grew its position in 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 during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $102.52 on Friday. The firm has a fifty day moving average price of $105.97 and a 200 day moving average price of $105.85. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $126.50. The stock has a market cap of $14.24 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 2.09 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last posted 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 company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, equities analysts expect that Deckers Outdoor Corporation will post 7.45 EPS for the current year.

Analysts Set New Price Targets

DECK has been the subject of a number of research analyst reports. Raymond James Financial cut shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target for the company. in a report on Thursday, April 23rd. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Wells Fargo & Company downgraded Deckers Outdoor from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $115.00 to $90.00 in a research report on Friday, May 8th. Truist Financial set a $125.00 target price on Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $138.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.