Legal & General Group Plc Invests $71.24 Million in Deckers Outdoor Corporation $DECK

Legal & General Group Plc bought a new position in Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 717,500 shares of the textile maker’s stock, valued at approximately $71,241,000.

A number of other hedge funds also recently bought and sold shares of DECK. Geneos Wealth Management Inc. lifted its holdings 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 buying an additional 215 shares during the period. Elyxium Wealth LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. increased its stake in shares of 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 during the period. Activest Wealth Management raised its holdings in shares of Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $86.14 on Friday. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $125.45. The company has a 50 day simple moving average of $99.55 and a two-hundred day simple moving average of $104.29. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 1.66 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $1.02 billion for 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 for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, analysts forecast that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on DECK shares. Wells Fargo & Company reiterated an “underweight” rating and set a $85.00 target price on shares of Deckers Outdoor in a report on Friday, July 24th. Truist Financial lowered their target price on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Telsey Advisory Group dropped their price target 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. Piper Sandler reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. Finally, Barclays set a $133.00 price objective on Deckers Outdoor and gave the stock an “overweight” rating in a report on Friday, July 24th. Nine 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.