Rakuten Investment Management Inc. Invests $2.35 Million in Deckers Outdoor Corporation $DECK

Key Points

• Rakuten Investment Management purchased 23,218 shares of Deckers Outdoor worth approximately $2.35 million in the second quarter. Institutional investors collectively own 97.79% of the company.
• Deckers reported quarterly earnings of $0.94 per share, beating estimates by $0.06, while revenue reached $1.02 billion, up 5.7% year over year.
• Analysts maintain a consensus “Hold” rating, with an average price target of $117.16; shares opened at $87.90, below their 50-day and 200-day moving averages.

Rakuten Investment Management Inc. purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 23,218 shares of the textile maker's stock, valued at approximately $2,352,000.

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

Deckers Outdoor Trading Up 0.2%

Shares of NYSE DECK opened at $87.90 on Monday. 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 $11.97 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.63 and a beta of 1.17. The business has a 50-day moving average of $99.12 and a 200-day moving average of $104.10.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DECK shares. Weiss Ratings reissued a "hold (c)" rating on shares of Deckers Outdoor in a report on Friday, July 17th. Telsey Advisory Group decreased their target price on shares of Deckers Outdoor from $113.00 to $105.00 and set a "market perform" rating on the stock in a report on Friday, July 24th. Argus set a $128.00 target price on shares of Deckers Outdoor in a research note on Friday, May 29th. Wells Fargo & Company reissued an "underweight" rating and issued a $85.00 price target on shares of Deckers Outdoor in a report 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 assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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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