Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in Deckers Outdoor Corporation $DECK

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 346,447 shares of the textile maker’s stock, valued at approximately $34,399,000.

Other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. lifted its position in shares of Deckers Outdoor by 374.1% during the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock worth $326,531,000 after buying an additional 2,485,338 shares during the last quarter. Norges Bank bought a new position in Deckers Outdoor in the fourth quarter valued at about $252,729,000. AQR Capital Management LLC grew its position in Deckers Outdoor by 340.5% in the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after acquiring an additional 2,035,517 shares during the last quarter. Viking Global Investors LP acquired a new position in Deckers Outdoor during the third quarter worth about $175,058,000. Finally, Bank of New York Mellon Corp acquired a new position in Deckers Outdoor during the 2nd quarter worth approximately $170,905,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research note on Friday, July 17th. Robert W. Baird decreased their price target on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Wells Fargo & Company reissued an “underweight” rating and issued a $85.00 price objective on shares of Deckers Outdoor in a research note on Friday, July 24th. Finally, Telsey Advisory Group cut their target price 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. 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $117.16.

Deckers Outdoor Trading Up 2.3%

Shares of NYSE DECK opened at $91.54 on Thursday. The firm’s 50-day moving average price is $102.13 and its 200-day moving average price is $105.35. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $125.45. The firm has a market capitalization of $12.47 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.67 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating 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 company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business posted $0.93 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities research analysts forecast that Deckers Outdoor Corporation will post 7.5 EPS 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.