Bank of Nova Scotia bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 163,740 shares of the textile maker's stock, valued at approximately $16,258,000. Bank of Nova Scotia owned 0.12% of Deckers Outdoor at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Deckers Outdoor during the 2nd quarter valued at about $1,343,613,000. Federated Hermes Inc. lifted its position in shares of Deckers Outdoor by 374.1% during the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker's stock valued at $326,531,000 after purchasing an additional 2,485,338 shares in the last quarter. Invesco Ltd. boosted its holdings in Deckers Outdoor by 0.5% during the fourth quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker's stock worth $285,380,000 after purchasing an additional 12,350 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Deckers Outdoor by 340.5% during the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker's stock worth $273,000,000 after purchasing an additional 2,035,517 shares during the last quarter. Finally, Norges Bank purchased a new position in Deckers Outdoor in the fourth quarter worth $252,729,000. 97.79% of the stock is owned by institutional investors.
Deckers Outdoor Trading Up 0.4%
Shares of NYSE:DECK opened at $92.09 on Tuesday. The company has a 50 day moving average of $100.76 and a 200 day moving average of $104.81. The stock has a market cap of $12.54 billion, a P/E ratio of 13.06, a P/E/G ratio of 1.71 and a beta of 1.17. 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 posted its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.06. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, equities analysts forecast that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently commented on DECK. Argus set a $128.00 target price on Deckers Outdoor in a research note on Friday, May 29th. Piper Sandler reissued a "neutral" rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Telsey Advisory Group decreased their target price on Deckers Outdoor from $113.00 to $105.00 and set a "market perform" rating for the company in a research report on Friday, July 24th. KGI Securities lowered Deckers Outdoor from an "outperform" rating to a "neutral" rating and set a $117.00 target price on the stock. in a research note on Friday, May 22nd. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and set a $105.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $117.16.
Check Out Our Latest Stock Analysis 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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