Louisiana State Employees Retirement System Purchases New Stake in Deckers Outdoor Corporation $DECK

Louisiana State Employees Retirement System acquired a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 1st quarter, Holdings Channel.com reports. The firm acquired 7,200 shares of the textile maker’s stock, valued at approximately $721,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Rakuten Securities Inc. lifted 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. Hilton Head Capital Partners LLC boosted its stake in 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 acquiring an additional 101 shares during the period. GW Henssler & Associates Ltd. boosted its holdings in shares of 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 period. BOKF NA grew its position in Deckers Outdoor by 0.9% in the 3rd quarter. BOKF NA now owns 17,412 shares of the textile maker’s stock worth $1,765,000 after purchasing an additional 150 shares during the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of Deckers Outdoor by 7.3% in the fourth quarter. Ritholtz Wealth Management now owns 2,232 shares of the textile maker’s stock valued at $231,000 after purchasing an additional 152 shares during the period. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Up 1.0%

DECK traded up $1.04 during trading on Tuesday, reaching $106.71. The stock had a trading volume of 58,816 shares, compared to its average volume of 2,328,465. The stock has a 50 day moving average of $105.06 and a two-hundred day moving average of $105.90. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 2.07 and a beta of 1.17. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $126.50.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 EPS 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 company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $1.00 EPS. The company’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. On average, research analysts forecast that Deckers Outdoor Corporation will post 7.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DECK shares. Zacks Research downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. 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 report on Friday, May 8th. KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, May 22nd. Argus set a $128.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 29th. Finally, Stifel Nicolaus set a $144.00 price objective on shares of Deckers Outdoor in a report on Friday, May 29th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor currently has an average rating of “Hold” and an average target price 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.