Eurizon Capital SGR S.p.A. Acquires New Shares in Deckers Outdoor Corporation $DECK

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 95,821 shares of the textile maker’s stock, valued at approximately $9,936,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DECK. Viking Global Investors LP bought a new stake in shares of Deckers Outdoor during the 3rd quarter valued at $175,058,000. Assenagon Asset Management S.A. raised its stake in shares of Deckers Outdoor by 293.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 702,106 shares of the textile maker’s stock valued at $72,787,000 after purchasing an additional 523,442 shares during the period. Man Group plc raised its stake in shares of Deckers Outdoor by 106.1% during the 3rd quarter. Man Group plc now owns 862,318 shares of the textile maker’s stock valued at $87,413,000 after purchasing an additional 443,843 shares during the period. AQR Capital Management LLC raised its stake in shares of Deckers Outdoor by 89.9% during the 2nd quarter. AQR Capital Management LLC now owns 873,105 shares of the textile maker’s stock valued at $89,991,000 after purchasing an additional 413,394 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its stake in shares of Deckers Outdoor by 491.0% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 496,608 shares of the textile maker’s stock valued at $51,185,000 after purchasing an additional 412,586 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Truist Financial set a $125.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, May 22nd. Argus set a $128.00 price objective on Deckers Outdoor in a research note on Friday. Needham & Company LLC reiterated a “buy” rating and set a $138.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 22nd. Telsey Advisory Group set a $113.00 target price on Deckers Outdoor in a research report on Friday, May 22nd. Finally, Stifel Nicolaus set a $144.00 target price on Deckers Outdoor in a research report on Friday. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $121.11.

Deckers Outdoor Stock Down 0.0%

Deckers Outdoor stock opened at $113.84 on Monday. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $126.50. The business has a 50-day simple moving average of $103.16 and a 200 day simple moving average of $102.90. The stock has a market cap of $15.81 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 2.26 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, May 21st. The textile maker reported $0.96 EPS for the quarter, topping the consensus estimate of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the business earned $1.00 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, research analysts anticipate that Deckers Outdoor Corporation will post 7.41 earnings per share for the current 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.