Caisse de depot et placement du Quebec Makes New $119.66 Million Investment in Deckers Outdoor Corporation $DECK

Caisse de depot et placement du Quebec bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,205,113 shares of the textile maker’s stock, valued at approximately $119,656,000. Caisse de depot et placement du Quebec owned about 0.88% of Deckers Outdoor as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in DECK. Geneos Wealth Management Inc. lifted its position 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 buying an additional 215 shares in the last quarter. Elyxium Wealth LLC bought a new stake in Deckers Outdoor during the 4th quarter worth about $30,000. Rakuten Securities Inc. increased its position in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Activest Wealth Management increased its position in Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at about $35,000. Institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DECK. Piper Sandler reiterated a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Needham & Company LLC lowered their price target on shares of Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a report on Friday, July 24th. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research report on Friday, July 17th. Robert W. Baird dropped their price objective on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Finally, Argus set a $128.00 price objective on Deckers Outdoor in a report on Friday, May 29th. Nine research 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. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Hold” and a consensus target price of $117.16.

Deckers Outdoor Stock Up 0.8%

Shares of Deckers Outdoor stock opened at $89.43 on Thursday. The business has a fifty day simple moving average of $100.00 and a 200 day simple moving average of $104.50. The stock has a market cap of $12.18 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $125.45.

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

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.