MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 98,051 Shares of Deckers Outdoor Corporation $DECK

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH sold 98,051 shares of Deckers Outdoor Corporation, reducing its position in the company by 97.5% during the 2nd quarter.
• Several other institutional investors, including Marks Group Wealth Management and Principal Financial Group, increased their stakes in Deckers Outdoor during the same period.
• Deckers Outdoor reported a strong quarterly earnings performance, with revenue of $964.54 million and a net margin of 19.42%, exceeding consensus estimates.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 97.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,555 shares of the textile maker's stock after selling 98,051 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Deckers Outdoor were worth $263,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Marks Group Wealth Management Inc raised its stake in shares of Deckers Outdoor by 15.4% during the 1st quarter. Marks Group Wealth Management Inc now owns 62,902 shares of the textile maker's stock worth $7,033,000 after acquiring an additional 8,410 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Deckers Outdoor by 17.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock worth $1,997,000 after acquiring an additional 2,706 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Deckers Outdoor by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker's stock worth $116,310,000 after acquiring an additional 39,211 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Deckers Outdoor by 32.3% during the 1st quarter. Park Avenue Securities LLC now owns 26,929 shares of the textile maker's stock worth $3,011,000 after acquiring an additional 6,569 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Deckers Outdoor by 17.7% during the 1st quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock valued at $65,716,000 after purchasing an additional 88,179 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the sale, the director directly owned 10,979 shares of the company's stock, valued at approximately $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DECK shares. Evercore ISI lifted their price objective on shares of Deckers Outdoor from $110.00 to $115.00 and gave the stock an "in-line" rating in a research note on Friday, July 25th. Truist Financial lifted their price objective on shares of Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Bank of America lifted their price objective on shares of Deckers Outdoor from $120.00 to $122.00 and gave the stock a "neutral" rating in a research note on Thursday. Barclays lifted their price objective on shares of Deckers Outdoor from $134.00 to $141.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Finally, Raymond James Financial lifted their price objective on shares of Deckers Outdoor from $123.00 to $137.00 and gave the stock a "strong-buy" rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Deckers Outdoor currently has an average rating of "Hold" and a consensus price target of $136.32.

Deckers Outdoor Price Performance

DECK stock opened at $105.83 on Friday. The firm's fifty day simple moving average is $111.10 and its 200-day simple moving average is $110.71. The company has a market capitalization of $15.70 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 4.20 and a beta of 1.05. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.68 by $0.25. The business had revenue of $964.54 million for the quarter, compared to the consensus estimate of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The business's revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, sell-side analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Deckers Outdoor Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.

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