Raiffeisen Bank International AG Buys 9,456 Shares of Deckers Outdoor Corporation $DECK

Raiffeisen Bank International AG grew its position in Deckers Outdoor Corporation (NYSE:DECK) by 11.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 89,614 shares of the textile maker’s stock after purchasing an additional 9,456 shares during the period. Raiffeisen Bank International AG’s holdings in Deckers Outdoor were worth $9,076,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DECK. BlackRock Inc. bought a new stake in shares of Deckers Outdoor during the 2nd quarter valued at $1,343,613,000. Federated Hermes Inc. boosted its position in shares of Deckers Outdoor by 374.1% in the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock worth $326,531,000 after purchasing an additional 2,485,338 shares during the last quarter. Norges Bank bought a new position in shares of Deckers Outdoor in the 4th quarter worth $252,729,000. AQR Capital Management LLC grew its stake in shares of Deckers Outdoor by 340.5% during the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock worth $273,000,000 after purchasing an additional 2,035,517 shares during the period. Finally, Viking Global Investors LP acquired a new stake in shares of Deckers Outdoor during the third quarter worth $175,058,000. Institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group reaffirmed a “buy” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. Needham & Company LLC decreased their price objective on shares of Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a report on Friday, July 24th. Barclays set a $133.00 target price on shares of Deckers Outdoor and gave the company an “overweight” rating in a research note on Friday, July 24th. Finally, Argus set a $128.00 target price on shares of Deckers Outdoor in a report on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $117.16.

Deckers Outdoor Stock Up 0.7%

NYSE:DECK opened at $84.32 on Friday. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $124.88. The business has a 50 day moving average price of $97.56 and a two-hundred day moving average price of $103.24. The company has a market cap of $11.48 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.Deckers Outdoor’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal 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.