Northwestern Mutual Wealth Management Co. Takes Position in Deckers Outdoor Corporation $DECK

Northwestern Mutual Wealth Management Co. acquired a new position in Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 62,247 shares of the textile maker’s stock, valued at approximately $6,181,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DECK. Geneos Wealth Management Inc. lifted its stake in Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 215 shares during the last quarter. Elyxium Wealth LLC acquired a new position in Deckers Outdoor in the fourth quarter worth approximately $30,000. Rakuten Securities Inc. grew its position in 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 buying an additional 100 shares during the last quarter. Activest Wealth Management increased its holdings in shares of Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after buying an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Deckers Outdoor in the fourth quarter valued at $35,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $91.50 on Monday. The company has a market cap of $12.46 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 1.71 and a beta of 1.17. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $125.45. The firm has a 50 day simple moving average of $101.17 and a 200 day simple moving average of $104.96.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data 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 firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business posted $0.93 EPS. The company’s revenue was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, equities analysts predict that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DECK shares. Argus set a $128.00 price objective on Deckers Outdoor in a research report on Friday, May 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a research report on Friday, May 22nd. Truist Financial cut their target price on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. UBS Group reaffirmed a “buy” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Finally, Barclays set a $133.00 price target on Deckers Outdoor and gave the company an “overweight” rating in a research report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.