EFG International AG Makes New Investment in Deckers Outdoor Corporation $DECK

EFG International AG purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 68,260 shares of the textile maker’s stock, valued at approximately $6,777,000.

Other institutional investors also recently modified their holdings of the company. Ancora Advisors LLC bought a new stake in shares of Deckers Outdoor during the 2nd quarter worth $5,068,000. Canada Pension Plan Investment Board bought a new position in Deckers Outdoor in the 2nd quarter worth $47,044,000. Legal & General Group Plc bought a new position in Deckers Outdoor in the 2nd quarter worth $71,241,000. The Manufacturers Life Insurance Company acquired a new position in Deckers Outdoor during the 2nd quarter worth $6,989,000. Finally, Van Hulzen Asset Management LLC acquired a new position in Deckers Outdoor during the 2nd quarter worth $366,000. Institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DECK shares. Stifel Nicolaus set a $133.00 price target on Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, July 24th. Telsey Advisory Group lowered their target price on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a report on Friday, July 24th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $85.00 price target on shares of Deckers Outdoor in a research report on Friday, July 24th. Sanford C. Bernstein reiterated a “market perform” rating and set a $105.00 price target on shares of Deckers Outdoor in a report on Friday, May 22nd. Finally, KGI Securities cut Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective for the company. in a research report on Friday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $117.16.

Deckers Outdoor Stock Performance

NYSE DECK opened at $88.69 on Wednesday. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $125.45. The stock has a market cap of $12.08 billion, a PE ratio of 12.58, a PEG ratio of 1.71 and a beta of 1.17. The firm has a 50-day simple moving average of $100.33 and a 200 day simple moving average of $104.65.

Deckers Outdoor (NYSE:DECK) last issued its quarterly 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. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share. 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 fiscal 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.