Man Group plc Purchases New Position in Deckers Outdoor Corporation $DECK

Man Group plc purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 830,376 shares of the textile maker’s stock, valued at approximately $82,448,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings in shares of Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 215 shares in the last quarter. Elyxium Wealth LLC bought a new stake in Deckers Outdoor in the fourth quarter valued at $30,000. Rakuten Securities Inc. increased its position in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Activest Wealth Management increased its position in Deckers Outdoor by 298.8% during the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new position in Deckers Outdoor in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays set a $133.00 target price on shares of Deckers Outdoor and gave the stock an “overweight” rating in a research report on Friday, July 24th. Needham & Company LLC decreased their price target on shares of Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, July 24th. KeyCorp restated a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Stifel Nicolaus set a $133.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, KGI Securities downgraded Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price on the stock. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $117.16.

Deckers Outdoor Trading Down 3.7%

Shares of Deckers Outdoor stock opened at $88.69 on Wednesday. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $125.45. The firm has a market capitalization of $12.08 billion, a P/E ratio of 12.58, a P/E/G ratio of 1.71 and a beta of 1.17. The business has a fifty day simple moving average of $100.33 and a two-hundred day simple moving average of $104.65.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share 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 the consensus estimate of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Analysts predict that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

About Deckers Outdoor

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.