Deckers Outdoor Corporation $DECK Shares Purchased by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ lifted its stake in Deckers Outdoor Corporation (NYSE:DECK) by 147.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,607 shares of the textile maker’s stock after purchasing an additional 71,869 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Deckers Outdoor were worth $12,071,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DECK. Geneos Wealth Management Inc. lifted its position in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 215 shares during the period. Elyxium Wealth LLC purchased a new position in Deckers Outdoor in the 4th quarter valued at approximately $30,000. Rakuten Securities Inc. raised its holdings in Deckers Outdoor by 45.5% during 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 during the last quarter. Activest Wealth Management boosted its position in Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after purchasing an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in Deckers Outdoor during the fourth quarter worth $35,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $100.34 on Thursday. The firm’s 50-day simple moving average is $105.26 and its 200-day simple moving average is $105.86. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $126.50. The firm has a market cap of $13.94 billion, a P/E ratio of 14.25, a PEG ratio of 1.96 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Analysts expect that Deckers Outdoor Corporation will post 7.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DECK shares. Wells Fargo & Company downgraded Deckers Outdoor from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $115.00 to $90.00 in a research note on Friday, May 8th. Barclays reaffirmed an “overweight” rating and issued a $141.00 price target (down from $143.00) on shares of Deckers Outdoor in a report on Tuesday, May 26th. Needham & Company LLC reiterated a “buy” rating and issued a $138.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Raymond James Financial downgraded Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price objective for the company. in a research report on Thursday, April 23rd. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $121.11.

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.