Canada Pension Plan Investment Board Purchases New Position in Deckers Outdoor Corporation $DECK

Canada Pension Plan Investment Board purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 473,800 shares of the textile maker’s stock, valued at approximately $47,044,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new stake in shares of Deckers Outdoor in the second quarter worth approximately $71,241,000. The Manufacturers Life Insurance Company purchased a new position in shares of Deckers Outdoor during the second quarter valued at approximately $6,989,000. Van Hulzen Asset Management LLC purchased a new position in shares of Deckers Outdoor during the second quarter valued at approximately $366,000. Vega Investment Solutions bought a new stake in Deckers Outdoor during the second quarter worth $9,593,000. Finally, Algert Global LLC grew its holdings in Deckers Outdoor by 11.8% during the second quarter. Algert Global LLC now owns 170,130 shares of the textile maker’s stock worth $16,892,000 after buying an additional 17,961 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Trading Down 3.7%

DECK stock opened at $86.14 on Friday. The stock has a market cap of $11.73 billion, a P/E ratio of 12.22, a P/E/G ratio of 1.66 and a beta of 1.17. The stock’s fifty day simple moving average is $99.55 and its two-hundred day simple moving average is $104.29. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $125.45.

Deckers Outdoor (NYSE:DECK) last announced its 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 during 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 business’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, analysts forecast that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DECK shares. Needham & Company LLC lowered their price target on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, July 24th. UBS Group reaffirmed a “buy” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Piper Sandler reiterated a “neutral” rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. Argus set a $128.00 target price on shares of Deckers Outdoor in a report on Friday, May 29th. Finally, KGI Securities lowered shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target on the stock. 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus 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.