Mediolanum International Funds Ltd Acquires 51,424 Shares of Deckers Outdoor Corporation $DECK

Mediolanum International Funds Ltd lifted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 96.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,711 shares of the textile maker’s stock after purchasing an additional 51,424 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Deckers Outdoor were worth $9,944,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spartan Wealth Advisory Services LLC acquired a new stake in shares of Deckers Outdoor in the 1st quarter valued at $649,000. Dorsey Wright & Associates bought a new stake in Deckers Outdoor in the first quarter worth $243,000. California Public Employees Retirement System increased its position in Deckers Outdoor by 15.9% during the first quarter. California Public Employees Retirement System now owns 325,242 shares of the textile maker’s stock worth $32,553,000 after buying an additional 44,597 shares during the last quarter. MTM Investment Management LLC increased its position in Deckers Outdoor by 1.7% during the first quarter. MTM Investment Management LLC now owns 20,572 shares of the textile maker’s stock worth $2,059,000 after buying an additional 340 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in Deckers Outdoor by 3.2% during the first quarter. Assetmark Inc. now owns 5,365 shares of the textile maker’s stock valued at $537,000 after buying an additional 166 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of DECK opened at $106.50 on Monday. The company has a market capitalization of $14.79 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.10 and a beta of 1.17. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $126.50. The company’s fifty day moving average price is $105.55 and its 200 day moving average price is $106.19.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.15. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business earned $1.00 EPS. The business’s revenue was up 9.5% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Analysts anticipate that Deckers Outdoor Corporation will post 7.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Zacks Research cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Truist Financial set a $125.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a report on Friday, May 22nd. Stifel Nicolaus set a $144.00 price objective on Deckers Outdoor in a research note on Friday, May 29th. UBS Group raised their price objective on Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Nine equities 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $121.11.

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.