Sanders Morris Harris LLC Makes New $563,000 Investment in Deckers Outdoor Corporation $DECK

Sanders Morris Harris LLC acquired a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,202 shares of the textile maker’s stock, valued at approximately $563,000.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Deckers Outdoor in the 2nd quarter valued at about $1,343,613,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Deckers Outdoor by 21.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,116,595 shares of the textile maker’s stock worth $210,157,000 after purchasing an additional 374,923 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Deckers Outdoor by 123.2% in the first quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker’s stock worth $180,464,000 after purchasing an additional 995,099 shares in the last quarter. Amundi grew its stake in Deckers Outdoor by 13.2% in the first quarter. Amundi now owns 1,611,174 shares of the textile maker’s stock worth $161,262,000 after purchasing an additional 187,702 shares in the last quarter. Finally, Caisse de depot et placement du Quebec acquired a new position in Deckers Outdoor in the second quarter worth about $119,656,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $82.79 on Thursday. The firm’s 50-day moving average is $84.74 and its 200-day moving average is $97.49. Deckers Outdoor Corporation has a 1 year low of $77.20 and a 1 year high of $122.29. The company has a market cap of $11.28 billion, a P/E ratio of 11.74, a PEG ratio of 1.30 and a beta of 1.12.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business posted $0.93 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, sell-side analysts predict that Deckers Outdoor Corporation will post 7.50 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DECK shares. BMO Capital Markets initiated coverage on Deckers Outdoor in a report on Tuesday, September 8th. They issued an “underperform” rating and a $70.00 price objective for the company. Telsey Advisory Group reduced their target price on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a report on Friday, July 24th. Truist Financial decreased their target price on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Robert W. Baird decreased their target price on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Finally, Barclays set a $133.00 price target on Deckers Outdoor and gave the company an “overweight” rating in a report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $114.42.

About Deckers Outdoor

Deckers Outdoor Corporation, doing business as Deckers Brands, is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual lifestyle products; HOKA, which develops performance running and outdoor footwear; and Teva, which offers outdoor and adventure sandals and footwear. The company also markets Koolaburra by UGG and other product lines.

Deckers sells its products through company-owned retail stores, e-commerce websites, wholesale accounts and selected distributors.