The Manufacturers Life Insurance Company Lowers Stake in Deckers Outdoor Corporation $DECK

The Manufacturers Life Insurance Company cut its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 7.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,390 shares of the textile maker’s stock after selling 6,486 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Deckers Outdoor were worth $7,546,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DECK. 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 purchasing an additional 215 shares during the period. Elyxium Wealth LLC acquired a new stake in Deckers Outdoor during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. raised its holdings in Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after buying an additional 100 shares during the period. Activest Wealth Management raised its holdings in Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after buying an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in Deckers Outdoor during the fourth quarter valued at approximately $35,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Up 0.5%

DECK stock opened at $99.97 on Wednesday. The firm has a 50 day simple moving average of $105.89 and a 200-day simple moving average of $105.85. The company has a market capitalization of $13.61 billion, a P/E ratio of 14.18, a PEG ratio of 1.85 and a beta of 1.17. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $125.45.

Deckers Outdoor (NYSE:DECK) last posted 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. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the company posted $0.93 earnings per share. The firm’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. On average, research analysts predict that Deckers Outdoor Corporation will post 7.49 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DECK shares. KGI Securities lowered shares of 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. Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Telsey Advisory Group cut their price objective on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a research report on Friday, July 24th. Barclays set a $133.00 price objective on Deckers Outdoor and gave the stock an “overweight” rating in a research note on Friday, July 24th. Finally, Truist Financial decreased their target price 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. 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $117.16.

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.