Meeder Asset Management Inc. Acquires Shares of 35,982 Deckers Outdoor Corporation $DECK

Meeder Asset Management Inc. bought a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 35,982 shares of the textile maker’s stock, valued at approximately $3,573,000.

Other large investors also recently added to or reduced their stakes in the company. Costello Asset Management INC lifted its holdings in Deckers Outdoor by 14.3% during the first quarter. Costello Asset Management INC now owns 800 shares of the textile maker’s stock valued at $80,000 after purchasing an additional 100 shares during the last quarter. Rakuten Securities Inc. increased its stake in shares of Deckers Outdoor by 45.5% in the second 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. Hilton Head Capital Partners LLC increased its stake in shares of Deckers Outdoor by 29.8% in the first quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker’s stock worth $44,000 after purchasing an additional 101 shares in the last quarter. GW Henssler & Associates Ltd. raised its position in shares of Deckers Outdoor by 5.8% in the fourth quarter. GW Henssler & Associates Ltd. now owns 2,159 shares of the textile maker’s stock valued at $224,000 after purchasing an additional 118 shares during the period. Finally, Cim LLC raised its position in shares of Deckers Outdoor by 1.1% in the first quarter. Cim LLC now owns 12,207 shares of the textile maker’s stock valued at $1,222,000 after purchasing an additional 133 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $89.52 on Wednesday. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $125.45. The company has a fifty day moving average of $102.52 and a 200-day moving average of $105.41. The stock has a market capitalization of $12.19 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 1.73 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company earned $0.93 EPS. The firm’s revenue 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, equities research analysts forecast that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DECK. Argus set a $128.00 price objective on shares of Deckers Outdoor in a report on Friday, May 29th. Truist Financial lowered their target price on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, July 24th. UBS Group restated a “buy” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Raymond James Financial lowered Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target for the company. in a report on Thursday, April 23rd. Finally, Robert W. Baird decreased their price objective on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Hold” and a consensus price target of $117.16.

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.