Meeder Asset Management Inc. Purchases Shares of 35,982 Deckers Outdoor Corporation $DECK

Key Points

• Meeder Asset Management initiated a position in Deckers Outdoor by purchasing 35,982 shares worth approximately $3.57 million. Institutional investors and hedge funds collectively own 97.79% of the company.
• Deckers beat quarterly earnings expectations, reporting $0.94 in EPS versus the $0.88 consensus estimate, while revenue reached $1.02 billion and rose 5.7% year over year.
• Analyst sentiment is mixed: the stock has an average “Hold” rating and a consensus price target of $117.16, compared with its reported market price of $89.52.

Meeder Asset Management Inc. purchased a new position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 35,982 shares of the textile maker's stock, valued at approximately $3,573,000.

Several other large investors also recently modified their holdings of the company. Private Wealth Advisors LLC acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at about $4,634,000. ProShare Advisors LLC grew its stake in Deckers Outdoor by 52.5% during the fourth quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker's stock worth $4,356,000 after purchasing an additional 14,470 shares during the period. Revolve Wealth Partners LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth approximately $247,000. New York State Teachers Retirement System boosted its holdings in shares of Deckers Outdoor by 21.1% during the 4th quarter. New York State Teachers Retirement System now owns 141,272 shares of the textile maker's stock worth $14,646,000 after buying an additional 24,608 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Deckers Outdoor during the 2nd quarter worth approximately $1,870,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $89.52 on Wednesday. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $125.45. The firm has a 50-day moving average price of $102.52 and a two-hundred day moving average price of $105.41. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 1.73 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its 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 company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.Deckers Outdoor's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, sell-side analysts forecast that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DECK shares. Barclays set a $133.00 target price on shares of Deckers Outdoor and gave the company an "overweight" rating in a research 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. Truist Financial reduced their target price on Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Needham & Company LLC reduced their price objective on Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Finally, Raymond James Financial downgraded Deckers Outdoor from a "strong-buy" rating to an "outperform" rating and set a $133.00 price objective for the company. in a report on Thursday, April 23rd. Nine equities research 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.com, the stock currently has an average rating of "Hold" and an average target price 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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