Korea Investment CORP Invests $24.14 Million in Deckers Outdoor Corporation $DECK

Korea Investment CORP purchased a new position in Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 243,145 shares of the textile maker’s stock, valued at approximately $24,142,000.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Deckers Outdoor in the 2nd quarter valued at about $1,343,613,000. Federated Hermes Inc. lifted its holdings in Deckers Outdoor by 374.1% during the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock worth $326,531,000 after acquiring an additional 2,485,338 shares in the last quarter. Norges Bank acquired a new position in Deckers Outdoor in the fourth quarter valued at about $252,729,000. AQR Capital Management LLC grew its stake in 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 valued at $273,000,000 after acquiring an additional 2,035,517 shares during the period. Finally, Viking Global Investors LP bought a new stake in shares of Deckers Outdoor in the third quarter worth about $175,058,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. KGI Securities lowered 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. Needham & Company LLC decreased their price objective on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Truist Financial decreased their price objective on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company 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. Finally, Robert W. Baird dropped their target price on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. 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 company. Based on data from MarketBeat, Deckers Outdoor has a consensus rating of “Hold” and a consensus price target of $117.16.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $91.50 on Monday. The firm has a market cap of $12.46 billion, a PE ratio of 12.98, a P/E/G ratio of 1.71 and a beta of 1.17. The business’s 50 day simple moving average is $101.17 and its 200 day simple moving average is $104.96. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $125.45.

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