Legal & General Group Plc Acquires New Stake in Deckers Outdoor Corporation $DECK

Legal & General Group Plc bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 717,500 shares of the textile maker’s stock, valued at approximately $71,241,000. Legal & General Group Plc owned approximately 0.53% of Deckers Outdoor as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its position in shares of Deckers Outdoor by 330.8% in the second 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 bought a new stake in Deckers Outdoor during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. lifted its position in 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 purchasing an additional 100 shares during the last quarter. Activest Wealth Management grew its stake 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 buying an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in Deckers Outdoor in the 4th quarter worth approximately $35,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

DECK stock opened at $86.14 on Friday. The firm has a market cap of $11.73 billion, a P/E ratio of 12.22, a P/E/G ratio of 1.66 and a beta of 1.17. The firm’s fifty day moving average is $99.55 and its 200 day moving average is $104.29. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $125.45.

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, beating the consensus estimate of $0.88 by $0.06. The business 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 company’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, analysts forecast that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Robert W. Baird lowered their price objective on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Argus set a $128.00 target price on shares of Deckers Outdoor in a research report on Friday, May 29th. KGI Securities cut Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price on the stock. in a research note on Friday, May 22nd. KeyCorp restated a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Finally, UBS Group reaffirmed a “buy” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Hold” and an average 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.