Rakuten Investment Management Inc. Buys New Shares in Deckers Outdoor Corporation $DECK

Rakuten Investment Management Inc. purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 23,218 shares of the textile maker’s stock, valued at approximately $2,352,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position 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 valued at $29,000 after purchasing an additional 215 shares during the last quarter. Elyxium Wealth LLC purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at about $30,000. Orion Capital Management LLC bought a new stake in Deckers Outdoor in the 2nd quarter worth approximately $30,000. Rakuten Securities Inc. lifted its position in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in Deckers Outdoor in the fourth quarter worth approximately $35,000. Institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a research report on Friday, July 17th. Needham & Company LLC lowered their price objective on shares of Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a report on Friday, July 24th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $85.00 price objective on shares of Deckers Outdoor in a research note 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. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a research report 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 company. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Hold” and an average price target of $117.16.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $87.90 on Monday. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $125.45. The company has a market cap of $11.97 billion, a PE ratio of 12.47, a P/E/G ratio of 1.63 and a beta of 1.17. The stock’s 50-day moving average is $99.12 and its 200 day moving average is $104.10.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations 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 last year, the business posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Analysts expect that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

Deckers Outdoor Company 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.