Nykredit A S Buys Shares of 78,257 Deckers Outdoor Corporation $DECK

Nykredit A S purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, Holdings Channel.com reports. The firm purchased 78,257 shares of the textile maker’s stock, valued at approximately $7,770,000.

Several other large investors have also recently made changes to their positions in DECK. B. Metzler seel. Sohn & Co. AG lifted its stake in shares of Deckers Outdoor by 242.4% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 12,525 shares of the textile maker’s stock worth $1,244,000 after purchasing an additional 8,867 shares during the last quarter. Keeler Thomas Management LLC raised its holdings in Deckers Outdoor by 9.7% in the second quarter. Keeler Thomas Management LLC now owns 11,478 shares of the textile maker’s stock worth $1,140,000 after purchasing an additional 1,016 shares in the last quarter. Railway Pension Investments Ltd lifted its position in shares of Deckers Outdoor by 608.8% during the second quarter. Railway Pension Investments Ltd now owns 159,472 shares of the textile maker’s stock valued at $15,834,000 after buying an additional 136,972 shares during the last quarter. Meiji Yasuda Life Insurance Co purchased a new stake in shares of Deckers Outdoor during the second quarter valued at about $327,000. Finally, Thornburg Investment Management Inc. boosted its holdings in shares of Deckers Outdoor by 17.6% in the 2nd quarter. Thornburg Investment Management Inc. now owns 59,841 shares of the textile maker’s stock valued at $5,942,000 after buying an additional 8,952 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DECK shares. Needham & Company LLC decreased their target price on shares of Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $85.00 price target 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 report on Thursday, June 11th. Robert W. Baird reduced their target price on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Finally, Barclays set a $133.00 price target on Deckers Outdoor and gave the company an “overweight” rating in a research note on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Deckers Outdoor has a consensus rating of “Hold” and a consensus price target of $117.16.

Deckers Outdoor Trading Up 1.6%

Shares of DECK stock opened at $85.87 on Friday. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $124.88. The stock has a market cap of $11.69 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.33 and a beta of 1.15. The stock has a 50 day moving average of $97.19 and a 200 day moving average of $103.12.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data 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 business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, research analysts predict that Deckers Outdoor Corporation will post 7.5 earnings per share 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.