Munich Reinsurance Co Stock Corp in Munich Invests $14.45 Million in Deckers Outdoor Corporation $DECK

Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) in the 1st quarter, HoldingsChannel.com reports. The firm bought 144,378 shares of the textile maker’s stock, valued at approximately $14,451,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. increased its stake in Deckers Outdoor by 330.8% in 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 in the last quarter. Elyxium Wealth LLC purchased a new stake in Deckers Outdoor during the fourth quarter valued at about $30,000. Rakuten Securities Inc. lifted its stake in Deckers Outdoor by 45.5% during 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 in the last quarter. Activest Wealth Management boosted its holdings in shares of Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after buying an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DECK shares. Argus set a $128.00 price target on shares of Deckers Outdoor in a report on Friday, May 29th. UBS Group raised their price objective on shares of Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Telsey Advisory Group set a $113.00 price target on Deckers Outdoor in a report on Friday, May 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Monday, April 20th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Deckers Outdoor 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $121.11.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $102.44 on Thursday. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 2.10 and a beta of 1.17. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $126.50. The firm has a fifty day moving average price of $104.92 and a two-hundred day moving average price of $105.94.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business posted $1.00 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, sell-side analysts expect that Deckers Outdoor Corporation will post 7.45 earnings per share for the current year.

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.