Northwestern Mutual Wealth Management Co. Acquires New Shares in Deckers Outdoor Corporation $DECK

Key Points

• Northwestern Mutual Wealth Management acquired 62,247 Deckers Outdoor shares worth approximately $6.18 million in the second quarter. Institutional investors and hedge funds collectively own 97.79% of DECK.
• Analyst sentiment is mixed, with nine Buy, 13 Hold and two Sell ratings; the stock has an average rating of Hold and an average price target of $117.16.
• Deckers reported quarterly EPS of $0.94, beating estimates of $0.88, while revenue reached $1.02 billion, up 5.7% year over year. Shares opened at $91.50, below the 12-month high of $125.45.

Northwestern Mutual Wealth Management Co. acquired a new position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 62,247 shares of the textile maker's stock, valued at approximately $6,181,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Danske Bank A S acquired a new position in Deckers Outdoor during the 2nd quarter valued at about $46,235,000. Private Wealth Advisors LLC bought a new position in Deckers Outdoor in the 2nd quarter worth about $4,634,000. ProShare Advisors LLC increased its stake in shares of Deckers Outdoor by 52.5% in the fourth quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker's stock valued at $4,356,000 after purchasing an additional 14,470 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Deckers Outdoor in the second quarter valued at approximately $1,870,000. Finally, Revolve Wealth Partners LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter valued at approximately $247,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DECK. Weiss Ratings reiterated a "hold (c)" rating on shares of Deckers Outdoor in a research report on Friday, July 17th. Robert W. Baird lowered their target price on Deckers Outdoor from $125.00 to $115.00 and set a "neutral" rating on the stock in a research report on Friday, July 24th. Stifel Nicolaus set a $133.00 target price on Deckers Outdoor and gave the company a "buy" rating in a research note on Friday, July 24th. Piper Sandler reiterated a "neutral" rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Finally, Telsey Advisory Group lowered their price target on Deckers Outdoor from $113.00 to $105.00 and set a "market perform" rating on the stock in a report on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $117.16.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $91.50 on Monday. The stock has a market cap of $12.46 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.71 and a beta of 1.17. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $125.45. The stock's 50 day moving average price is $101.17 and its 200 day moving average price is $104.96.

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

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