Mitsubishi UFJ Asset Management Co. Ltd. Takes $34.40 Million Position in Deckers Outdoor Corporation $DECK

Key Points

• Mitsubishi UFJ Asset Management acquired 346,447 shares of Deckers Outdoor worth approximately $34.4 million, giving it a 0.25% stake. Institutional investors collectively own 97.79% of the company.
• Deckers reported quarterly earnings of $0.94 per share, beating estimates of $0.88, while revenue reached $1.02 billion and rose 5.7% year over year.
• Analyst sentiment remains mixed: nine analysts rate the stock a Buy, 13 a Hold and two a Sell, resulting in a consensus Hold rating and an average price target of $117.16.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 346,447 shares of the textile maker's stock, valued at approximately $34,399,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.25% of Deckers Outdoor as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Private Wealth Advisors LLC acquired a new stake in shares of Deckers Outdoor in the second quarter valued at about $4,634,000. ProShare Advisors LLC raised its holdings 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 acquiring an additional 14,470 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Deckers Outdoor during the second quarter valued at approximately $1,870,000. Revolve Wealth Partners LLC acquired a new position in Deckers Outdoor during the fourth quarter valued at approximately $247,000. Finally, New York State Teachers Retirement System grew its stake in Deckers Outdoor by 21.1% in the fourth quarter. New York State Teachers Retirement System now owns 141,272 shares of the textile maker's stock valued at $14,646,000 after purchasing an additional 24,608 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Stock Up 2.3%

NYSE:DECK opened at $91.54 on Thursday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $125.45. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 1.67 and a beta of 1.17. The stock's 50 day moving average price is $102.13 and its two-hundred day moving average price is $105.35.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. The company had revenue of $1.02 billion during 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 firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities research analysts expect that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DECK. UBS Group reaffirmed a "buy" rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Argus set a $128.00 price objective on Deckers Outdoor in a report on Friday, May 29th. KeyCorp reissued a "sector weight" rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Deckers Outdoor in a research report on Friday, July 17th. Finally, Robert W. Baird dropped their price target on shares of Deckers Outdoor from $125.00 to $115.00 and set a "neutral" rating on the stock in a research report on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $117.16.

About Deckers Outdoor

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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