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

The Manufacturers Life Insurance Company purchased a new position in Deckers Outdoor Corporation (NYSE:DECK) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 70,391 shares of the textile maker’s stock, valued at approximately $6,989,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Geneos Wealth Management Inc. grew its holdings in shares of 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 acquiring an additional 215 shares during the period. Elyxium Wealth LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter valued at approximately $30,000. Rakuten Securities Inc. lifted its stake in shares of 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 purchasing an additional 100 shares during the period. Hilton Head Capital Partners LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter valued at approximately $35,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Deckers Outdoor during the second quarter valued at approximately $46,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DECK has been the topic of several recent research reports. KGI Securities cut Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target on the stock. in a research note on Friday, May 22nd. Truist Financial dropped their target price on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $85.00 target price on shares of Deckers Outdoor in a research report on Friday, July 24th. Telsey Advisory Group decreased their price target on shares of Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a research note on Friday, July 24th. Finally, UBS Group reiterated a “buy” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $117.16.

Deckers Outdoor Stock Up 0.2%

Deckers Outdoor stock opened at $87.90 on Monday. The company has a market capitalization of $11.97 billion, a P/E ratio of 12.47, a PEG ratio of 1.63 and a beta of 1.17. The stock’s 50 day moving average is $99.12 and its 200 day moving average is $104.10. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $125.45.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (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 analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The firm’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 analysts expect that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

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.