K.J. Harrison & Partners Inc Acquires New Holdings in Deckers Outdoor Corporation $DECK

K.J. Harrison & Partners Inc bought a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) in the 1st quarter, Holdings Channel.com reports. The fund bought 6,000 shares of the textile maker’s stock, valued at approximately $601,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DECK. Federated Hermes Inc. increased its stake in shares of Deckers Outdoor by 374.1% during the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock worth $326,531,000 after purchasing an additional 2,485,338 shares in the last quarter. Invesco Ltd. grew its holdings in Deckers Outdoor by 0.5% during the 4th quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker’s stock valued at $285,380,000 after buying an additional 12,350 shares during the last quarter. AQR Capital Management LLC grew its holdings in Deckers Outdoor by 340.5% during the 4th quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after buying an additional 2,035,517 shares during the last quarter. Norges Bank purchased a new position in Deckers Outdoor during the fourth quarter worth $252,729,000. Finally, Northern Trust Corp lifted its position in shares of Deckers Outdoor by 3.1% in the fourth quarter. Northern Trust Corp now owns 1,774,448 shares of the textile maker’s stock valued at $183,957,000 after acquiring an additional 52,906 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DECK shares. UBS Group increased their price objective on Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Zacks Research lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. KeyCorp reaffirmed a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, May 22nd. KGI Securities downgraded Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target for the company. in a report on Friday, May 22nd. Finally, Wells Fargo & Company lowered Deckers Outdoor from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $115.00 to $90.00 in a research note on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $121.11.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $104.81 on Monday. The business’s 50-day simple moving average is $105.10 and its 200 day simple moving average is $105.89. The company has a market cap of $14.56 billion, a P/E ratio of 14.89, a PEG ratio of 2.07 and a beta of 1.17. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $126.50.

Deckers Outdoor (NYSE:DECK) last released 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. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the business earned $1.00 EPS. Deckers Outdoor’s quarterly revenue 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. Analysts predict that Deckers Outdoor Corporation will post 7.45 earnings per share for the current year.

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.