Man Group plc Invests $82.45 Million in Deckers Outdoor Corporation $DECK

Man Group plc acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 830,376 shares of the textile maker’s stock, valued at approximately $82,448,000. Man Group plc owned approximately 0.61% of Deckers Outdoor as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its stake in Deckers Outdoor by 330.8% in 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 during the last quarter. Elyxium Wealth LLC bought a new stake in Deckers Outdoor during the fourth quarter worth about $30,000. Rakuten Securities Inc. boosted its holdings in shares of Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Activest Wealth Management boosted its holdings in shares of 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 purchasing an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Deckers Outdoor during the 4th quarter valued at about $35,000. 97.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DECK has been the topic of a number of research reports. UBS Group reissued a “buy” rating on shares of Deckers Outdoor in a report on Friday, July 24th. KGI Securities lowered Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price for the company. in a research note on Friday, May 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a research note on Friday, July 17th. Needham & Company LLC lowered 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. Finally, Argus set a $128.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 29th. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Hold” and a consensus target price of $117.16.

Deckers Outdoor Trading Down 3.7%

NYSE DECK opened at $88.69 on Wednesday. The firm has a market cap of $12.08 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 1.71 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. The stock has a 50-day moving average of $100.33 and a 200-day moving average of $104.65.

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

Deckers Outdoor Company 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.