The Manufacturers Life Insurance Company Takes Position in Deckers Outdoor Corporation $DECK

Key Points

• The Manufacturers Life Insurance Company acquired 70,391 Deckers Outdoor shares worth approximately $6.99 million, while institutional investors collectively own 97.79% of the company.
• Deckers reported quarterly earnings of $0.94 per share, beating estimates of $0.88, on revenue of $1.02 billion—up 5.7% year over year. The company guided to fiscal 2027 EPS of $7.35–$7.50.
• Analyst sentiment is mixed: nine analysts rate DECK a Buy, 13 a Hold and two a Sell, producing an average “Hold” rating and a $117.16 price target, compared with a recent share price of $87.90.

The Manufacturers Life Insurance Company bought a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 70,391 shares of the textile maker's stock, valued at approximately $6,989,000. The Manufacturers Life Insurance Company owned about 0.05% of Deckers Outdoor as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in DECK. BlackRock Inc. bought a new stake in Deckers Outdoor in the second quarter worth $1,343,613,000. Federated Hermes Inc. grew its stake in shares of Deckers Outdoor by 374.1% during the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker's stock valued at $326,531,000 after buying an additional 2,485,338 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Deckers Outdoor by 0.5% in the fourth quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker's stock worth $285,380,000 after buying an additional 12,350 shares during the period. AQR Capital Management LLC increased its holdings in shares of Deckers Outdoor by 340.5% in the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker's stock worth $273,000,000 after buying an additional 2,035,517 shares during the period. Finally, Norges Bank bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $252,729,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Price Performance

NYSE DECK opened at $87.90 on Monday. The stock has a market capitalization of $11.97 billion, a PE ratio of 12.47, a PEG ratio of 1.63 and a beta of 1.17. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $125.45. The business's 50-day moving average is $99.12 and its 200 day moving average is $104.10.

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 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 business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company posted $0.93 EPS. 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. As a group, equities research analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DECK shares. Truist Financial dropped their target price on Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating for the company in a report on Friday, July 24th. UBS Group reiterated a "buy" rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Piper Sandler reissued a "neutral" rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. Sanford C. Bernstein restated a "market perform" rating and issued a $105.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Finally, KGI Securities downgraded shares of Deckers Outdoor from an "outperform" rating to a "neutral" rating and set a $117.00 target price on the stock. in a research note on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Deckers Outdoor has an average rating of "Hold" and an average price target 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.