Te Ahumairangi Investment Management Ltd Invests $2.92 Million in Deckers Outdoor Corporation $DECK

Te Ahumairangi Investment Management Ltd bought a new position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 29,431 shares of the textile maker's stock, valued at approximately $2,922,000.

A number of other large investors have also recently modified their holdings of the company. Danske Bank A S bought a new position in Deckers Outdoor in the second quarter worth approximately $46,235,000. Private Wealth Advisors LLC purchased a new position in shares of Deckers Outdoor in the 2nd quarter valued at $4,634,000. ProShare Advisors LLC raised its position in shares of Deckers Outdoor by 52.5% in the 4th 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 purchased a new stake in shares of Deckers Outdoor during the 2nd quarter worth $1,870,000. Finally, Revolve Wealth Partners LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter worth $247,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Down 0.2%

Shares of DECK opened at $91.50 on Monday. The company has a market capitalization 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 52 week low of $78.91 and a 52 week 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 released its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The firm's revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, equities analysts anticipate that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DECK. Telsey Advisory Group cut their target price 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. Sanford C. Bernstein reissued a "market perform" rating and set a $105.00 target price on shares of Deckers Outdoor in a research report on Friday, May 22nd. KGI Securities downgraded Deckers Outdoor from an "outperform" rating to a "neutral" rating and set a $117.00 price target on the stock. in a research report on Friday, May 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Deckers Outdoor in a report on Friday, July 17th. Finally, Argus set a $128.00 price objective on Deckers Outdoor in a research report on Friday, May 29th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Deckers Outdoor currently 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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