Korea Investment CORP Purchases New Position in Deckers Outdoor Corporation $DECK

Korea Investment CORP purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 243,145 shares of the textile maker’s stock, valued at approximately $24,142,000. Korea Investment CORP owned approximately 0.18% of Deckers Outdoor as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings 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 valued at $29,000 after buying an additional 215 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at about $30,000. Rakuten Securities Inc. increased its position in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Activest Wealth Management increased its position in Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after acquiring 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 worth about $35,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Trading Down 0.2%

Shares of NYSE:DECK opened at $91.50 on Monday. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $125.45. The stock has a market capitalization of $12.46 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.71 and a beta of 1.17. The business has a 50-day moving average price of $101.17 and a two-hundred day moving average price of $104.96.

Deckers Outdoor (NYSE:DECK) last issued its 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. 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 analyst estimates of $1.02 billion. During the same quarter last year, the firm earned $0.93 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, equities analysts predict that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. KeyCorp reiterated a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a report on Friday, July 17th. Sanford C. Bernstein restated a “market perform” rating and issued a $105.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 22nd. Telsey Advisory Group reduced their price objective on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a report on Friday, July 24th. Finally, Needham & Company LLC decreased their price objective on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $117.16.

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.