Te Ahumairangi Investment Management Ltd Acquires Shares of 29,431 Deckers Outdoor Corporation $DECK

Te Ahumairangi Investment Management Ltd bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 29,431 shares of the textile maker’s stock, valued at approximately $2,922,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Deckers Outdoor in the 2nd quarter worth $1,343,613,000. Federated Hermes Inc. boosted its holdings in Deckers Outdoor by 374.1% in the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after purchasing an additional 2,485,338 shares during the last quarter. Norges Bank acquired a new position in Deckers Outdoor in the 4th quarter valued at about $252,729,000. AQR Capital Management LLC grew its stake in shares of Deckers Outdoor by 340.5% in the 4th quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after buying an additional 2,035,517 shares during the period. Finally, Viking Global Investors LP acquired a new stake in shares of Deckers Outdoor during the 3rd quarter worth approximately $175,058,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 0.2%

NYSE:DECK opened at $91.50 on Monday. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $125.45. The company has a fifty day simple moving average of $101.17 and a two-hundred day simple moving average of $104.96. The company has a market cap of $12.46 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 1.71 and a beta of 1.17.

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 the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm earned $0.93 earnings per share. The company’s revenue for the quarter 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. On average, analysts expect that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on DECK. KGI Securities downgraded 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. Stifel Nicolaus set a $133.00 price objective on shares of Deckers Outdoor and gave the stock a “buy” rating in a report on Friday, July 24th. Barclays set a $133.00 target price on shares of Deckers Outdoor and gave the company an “overweight” rating in a report on Friday, July 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research note on Friday, July 17th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a research note on Friday, May 22nd. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.