Caisse de depot et placement du Quebec Makes New $119.66 Million Investment in Deckers Outdoor Corporation $DECK

Caisse de depot et placement du Quebec purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECKFree Report) during the second quarter, HoldingsChannel reports. The fund purchased 1,205,113 shares of the textile maker’s stock, valued at approximately $119,656,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DECK. Man Group plc bought a new stake in shares of Deckers Outdoor in the 2nd quarter valued at $82,448,000. Roberts Glore & Co. Inc. IL acquired a new stake in Deckers Outdoor during the 2nd quarter worth $534,000. Jupiter Topco LLC bought a new position in Deckers Outdoor during the second quarter worth about $1,983,000. Hsbc Holdings PLC bought a new position in Deckers Outdoor during the second quarter worth about $73,623,000. Finally, EFG International AG acquired a new position in Deckers Outdoor in the second quarter valued at about $6,777,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 0.8%

Shares of NYSE DECK opened at $89.43 on Thursday. The company has a fifty day moving average price of $100.00 and a 200 day moving average price of $104.50. The firm has a market cap of $12.18 billion, a PE ratio of 12.69, a PEG ratio of 1.65 and a beta of 1.17. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $125.45.

Deckers Outdoor (NYSE:DECKGet Free Report) last released its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities research analysts forecast that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DECK. Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Truist Financial cut their price objective on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, July 24th. KGI Securities lowered Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective for the company. in a research report on Friday, May 22nd. Telsey Advisory Group lowered their target price on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a research note on Friday, July 24th. Finally, UBS Group restated a “buy” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $117.16.

Check Out Our Latest Report on Deckers Outdoor

Deckers Outdoor Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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