Munich Reinsurance Co Stock Corp in Munich Buys 23,895 Shares of Deckers Outdoor Corporation $DECK

Munich Reinsurance Co Stock Corp in Munich increased its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 16.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 168,273 shares of the textile maker’s stock after acquiring an additional 23,895 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Deckers Outdoor were worth $16,708,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its holdings 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 bought a new stake in shares of Deckers Outdoor in the fourth quarter worth about $30,000. Orion Capital Management LLC bought a new stake in shares of Deckers Outdoor in the second quarter worth about $30,000. Rakuten Securities Inc. lifted its position in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth about $35,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $85.87 on Friday. The firm has a market capitalization of $11.69 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 1.31 and a beta of 1.15. The business has a 50 day simple moving average of $97.19 and a two-hundred day simple moving average of $103.12. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $124.88.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results 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. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities research analysts expect that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DECK. KGI Securities downgraded Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective on the stock. in a research note on Friday, May 22nd. KeyCorp reaffirmed a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Barclays set a $133.00 price target on Deckers Outdoor and gave the stock an “overweight” rating in a research report on Friday, July 24th. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. Finally, UBS Group restated a “buy” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Hold” and a consensus 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.