Plato Investment Management Ltd Invests $1.24 Million in Deckers Outdoor Corporation $DECK

Key Points

• Plato Investment Management purchased 12,536 Deckers Outdoor shares worth approximately $1.24 million during the second quarter. Institutional investors collectively own 97.79% of the company.
• Deckers reported quarterly EPS of $0.94, exceeding estimates of $0.88, while revenue rose 5.7% year over year to $1.02 billion. The company posted an 18.54% net margin and 41.51% return on equity.
• Analyst sentiment remains mixed: nine analysts rate DECK a Buy, 13 a Hold, and two a Sell, producing an average rating of Hold and an average price target of $117.16 versus the stock’s $90.11 opening price.

Plato Investment Management Ltd purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,536 shares of the textile maker's stock, valued at approximately $1,237,000.

Other hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its holdings in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock valued at $29,000 after purchasing an additional 215 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in Deckers Outdoor during the fourth quarter valued at about $30,000. Rakuten Securities Inc. boosted its position in Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker's stock valued at $33,000 after buying an additional 100 shares during the period. Activest Wealth Management increased its holdings in shares of Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker's stock worth $34,000 after buying an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $35,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $90.11 on Tuesday. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $125.45. The company's 50-day moving average is $102.98 and its 200 day moving average is $105.47. The stock has a market capitalization of $12.27 billion, a P/E ratio of 12.78, a P/E/G ratio of 1.73 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the business posted $0.93 earnings per share. Deckers Outdoor's quarterly revenue was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Research analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DECK shares. Stifel Nicolaus set a $133.00 price objective on Deckers Outdoor and gave the company a "buy" rating in a research report on Friday, July 24th. Barclays set a $133.00 price target on shares of Deckers Outdoor and gave the company an "overweight" rating in a research report on Friday, July 24th. KeyCorp restated a "sector weight" rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Argus set a $128.00 target price on shares of Deckers Outdoor in a report on Friday, May 29th. Finally, Truist Financial lowered their price target on Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $117.16.

Deckers Outdoor 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.

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