Plato Investment Management Ltd Takes $1.24 Million Position in Deckers Outdoor Corporation $DECK

Plato Investment Management Ltd purchased a new position in Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,536 shares of the textile maker’s stock, valued at approximately $1,237,000.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DECK shares. Truist Financial reduced their target price on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock 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. Piper Sandler reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. Argus set a $128.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 29th. Finally, Barclays set a $133.00 target price on shares of Deckers Outdoor and gave the stock an “overweight” rating in a research note on Friday, July 24th. Nine 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $117.16.

Deckers Outdoor Price Performance

DECK stock opened at $90.11 on Tuesday. The business has a 50-day moving average price of $102.98 and a 200 day moving average price of $105.47. The company has a market capitalization of $12.27 billion, a P/E ratio of 12.78, a PEG ratio of 1.73 and a beta of 1.17. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $125.45.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data 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 company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, analysts anticipate that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal 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.