The Manufacturers Life Insurance Company reduced its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK – Free Report) by 7.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,390 shares of the textile maker’s stock after selling 6,486 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.05% of Deckers Outdoor worth $7,546,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Revolve Wealth Partners LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $1,858,000 after buying an additional 522 shares in the last quarter. Empowered Funds LLC lifted 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 valued at $1,145,000 after buying an additional 6,384 shares in the last quarter. Focus Partners Wealth grew its holdings in Deckers Outdoor by 8.1% during the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after buying an additional 521 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in Deckers Outdoor by 163.2% during the 2nd quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock valued at $1,062,000 after buying an additional 6,391 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on DECK. KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Barclays set a $133.00 price objective on Deckers Outdoor and gave the stock an “overweight” rating in a research report on Friday, July 24th. 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. Truist Financial reduced their target price on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $117.16.
Deckers Outdoor Price Performance
DECK opened at $99.97 on Wednesday. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17. The business has a 50-day moving average of $105.89 and a two-hundred day moving average of $105.85. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $125.45.
Deckers Outdoor (NYSE:DECK – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm posted $0.93 EPS. The company’s 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. Equities research analysts anticipate that Deckers Outdoor Corporation will post 7.49 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.
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