Canada Pension Plan Investment Board Buys New Position in Deckers Outdoor Corporation $DECK

Key Points

• Canada Pension Plan Investment Board acquired 473,800 Deckers Outdoor shares in the second quarter, worth approximately $47 million and representing a 0.35% stake. Institutional investors collectively own 97.79% of the company.
• Deckers reported quarterly EPS of $0.94, beating estimates by $0.06, while revenue reached $1.02 billion, up 5.7% year over year. The company maintained fiscal 2027 EPS guidance of $7.35–$7.50.
• DECK shares opened at $86.14, down 3.7%, and remain below their 50-day and 200-day moving averages. Analysts have a consensus “Hold” rating with an average price target of $117.16.

Canada Pension Plan Investment Board 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 473,800 shares of the textile maker's stock, valued at approximately $47,044,000. Canada Pension Plan Investment Board owned 0.35% of Deckers Outdoor at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its holdings in shares of Deckers Outdoor by 330.8% during the 2nd 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 bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at $30,000. Rakuten Securities Inc. lifted its position in shares of 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 during the period. Activest Wealth Management lifted its position in shares of Deckers Outdoor by 298.8% during 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 period. Finally, Hilton Head Capital Partners LLC bought a new position in Deckers Outdoor during the fourth quarter worth $35,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Down 3.7%

Shares of DECK opened at $86.14 on Friday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $125.45. The business's fifty day moving average is $99.55 and its 200 day moving average is $104.29. The stock has a market cap of $11.73 billion, a P/E ratio of 12.22, a P/E/G ratio of 1.66 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted 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 business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. Deckers Outdoor's revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, analysts expect that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

Wall Street Analyst Weigh In

DECK has been the subject of a number of research reports. Barclays set a $133.00 price target on shares of Deckers Outdoor and gave the stock an "overweight" rating in a report on Friday, July 24th. UBS Group reiterated a "buy" rating on shares of Deckers Outdoor in a report on Friday, July 24th. Weiss Ratings reissued a "hold (c)" rating on shares of Deckers Outdoor in a research report on Friday, July 17th. Argus set a $128.00 target price on Deckers Outdoor in a research note on Friday, May 29th. Finally, Wells Fargo & Company restated an "underweight" rating and issued a $85.00 target price on shares of Deckers Outdoor in a research note on Friday, July 24th. 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 stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $117.16.

Deckers Outdoor Company 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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