Daiichi Life Insurance Co. Ltd. Purchases Shares of 6,049 Deckers Outdoor Corporation $DECK

Daiichi Life Insurance Co. Ltd. purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, HoldingsChannel reports. The institutional investor purchased 6,049 shares of the textile maker’s stock, valued at approximately $601,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Deckers Outdoor during the 2nd quarter worth $1,343,613,000. Federated Hermes Inc. raised its position in Deckers Outdoor by 374.1% in the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after purchasing an additional 2,485,338 shares during the period. Invesco Ltd. raised its position in Deckers Outdoor by 0.5% in the fourth quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker’s stock valued at $285,380,000 after purchasing an additional 12,350 shares during the period. AQR Capital Management LLC raised 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 purchasing an additional 2,035,517 shares during the period. Finally, Norges Bank acquired a new position in shares of Deckers Outdoor during the fourth quarter worth about $252,729,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $92.09 on Tuesday. The company’s fifty day moving average price is $100.76 and its two-hundred day moving average price is $104.81. The firm has a market capitalization of $12.54 billion, a P/E ratio of 13.06, a P/E/G ratio of 1.71 and a beta of 1.17. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $125.45.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The company’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. On average, sell-side analysts anticipate that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DECK shares. UBS Group reaffirmed a “buy” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Piper Sandler reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Telsey Advisory Group decreased their price target on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a report on Friday, July 24th. Finally, Argus set a $128.00 price objective on shares of Deckers Outdoor in a research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $117.16.

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.