Munich Reinsurance Co Stock Corp in Munich Raises Stock Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Munich Reinsurance increased its Deckers Outdoor stake by 16.6% in the second quarter, holding 168,273 shares worth approximately $16.7 million. Institutional investors collectively own 97.79% of DECK.
• Analyst sentiment is mixed, with nine Buy, thirteen Hold and two Sell ratings; the consensus rating is Hold with an average price target of $117.16.
• Deckers reported quarterly EPS of $0.94, beating estimates by $0.06, while revenue reached $1.02 billion and rose 5.7% year over year. The stock opened at $85.87, near the lower end of its 52-week range.

Munich Reinsurance Co Stock Corp in Munich lifted its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 16.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,273 shares of the textile maker's stock after purchasing an additional 23,895 shares during the period. Munich Reinsurance Co Stock Corp in Munich owned 0.12% of Deckers Outdoor worth $16,708,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Plan A Wealth LLC bought a new position in shares of Deckers Outdoor during the second quarter valued at approximately $254,000. Raiffeisen Bank International AG increased its position in Deckers Outdoor by 11.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 89,614 shares of the textile maker's stock valued at $9,076,000 after purchasing an additional 9,456 shares during the period. denkapparat Operations GmbH raised its holdings in Deckers Outdoor by 51.6% in the 2nd quarter. denkapparat Operations GmbH now owns 5,262 shares of the textile maker's stock worth $522,000 after purchasing an additional 1,792 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Deckers Outdoor by 316.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the textile maker's stock worth $117,000 after purchasing an additional 830 shares during the period. Finally, NEOS Investment Management LLC boosted its stake in shares of Deckers Outdoor by 12.2% during the 2nd quarter. NEOS Investment Management LLC now owns 23,339 shares of the textile maker's stock valued at $2,317,000 after purchasing an additional 2,533 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DECK. Barclays set a $133.00 target price on Deckers Outdoor and gave the stock an "overweight" rating in a report on Friday, July 24th. Telsey Advisory Group reduced their price target on Deckers Outdoor from $113.00 to $105.00 and set a "market perform" rating on the stock in a research note on Friday, July 24th. UBS Group restated a "buy" rating on shares of Deckers Outdoor in a report on Friday, July 24th. Truist Financial decreased their price target on shares of Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Finally, Stifel Nicolaus set a $133.00 price target on shares of Deckers Outdoor and gave the company a "buy" rating in a research report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor has an average rating of "Hold" and a consensus target price of $117.16.

Deckers Outdoor Stock Performance

DECK opened at $85.87 on Friday. The stock has a market capitalization of $11.69 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.31 and a beta of 1.15. The company's 50-day simple moving average is $97.19 and its two-hundred day simple moving average is $103.12. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $124.88.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 41.51% and a net margin of 18.54%.The business's quarterly revenue 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. Research analysts forecast that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Corporation (NYSE:DECK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source