Varma Mutual Pension Insurance Co bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 40,000 shares of the textile maker’s stock, valued at approximately $3,972,000.
A number of other large investors have also modified their holdings of the business. Geneos Wealth Management Inc. lifted its stake in shares of Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after buying an additional 215 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in Deckers Outdoor during the 4th quarter valued at about $30,000. Rakuten Securities Inc. grew its stake in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Activest Wealth Management raised its holdings in Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 245 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on DECK shares. Wells Fargo & Company restated an “underweight” rating and set a $85.00 target price on shares of Deckers Outdoor in a report on Friday, July 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a report on Friday, July 17th. KGI Securities downgraded Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective on the stock. in a research report on Friday, May 22nd. Needham & Company LLC lowered their price objective on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Finally, Stifel Nicolaus set a $133.00 target price on Deckers Outdoor and gave the company a “buy” rating in a report on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $117.16.
Deckers Outdoor Price Performance
Shares of DECK stock opened at $91.50 on Monday. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $125.45. The firm has a market cap of $12.46 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 1.71 and a beta of 1.17. The company has a 50-day moving average of $101.17 and a two-hundred day moving average of $104.96.
Deckers Outdoor (NYSE:DECK – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the business posted $0.93 earnings per share. 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. Sell-side analysts anticipate that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal 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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