Varma Mutual Pension Insurance Co Takes Position in Deckers Outdoor Corporation $DECK

Varma Mutual Pension Insurance Co bought a new position in Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,000 shares of the textile maker’s stock, valued at approximately $3,972,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Deckers Outdoor during the 2nd quarter worth approximately $1,343,613,000. Federated Hermes Inc. lifted its stake in shares of Deckers Outdoor by 374.1% in the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after purchasing an additional 2,485,338 shares during the period. Norges Bank purchased a new stake in Deckers Outdoor during the fourth quarter worth $252,729,000. AQR Capital Management LLC boosted its holdings in Deckers Outdoor by 340.5% during 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 in the last quarter. Finally, Viking Global Investors LP purchased a new stake in Deckers Outdoor during the third quarter worth $175,058,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DECK shares. Piper Sandler reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. UBS Group restated a “buy” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Argus set a $128.00 price target on Deckers Outdoor in a research note on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a report on Friday, July 17th. Finally, 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. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor presently has an average rating of “Hold” and a consensus price target of $117.16.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $91.50 on Monday. The stock has a market capitalization of $12.46 billion, a PE ratio of 12.98, a P/E/G ratio of 1.71 and a beta of 1.17. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $125.45. The company has a fifty day moving average of $101.17 and a two-hundred day moving average of $104.96.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business earned $0.93 earnings per share. The company’s revenue for the quarter 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 forecast that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Deckers Outdoor Company 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.