Forsta AP Fonden Reduces Holdings in Deckers Outdoor Corporation $DECK

Forsta AP Fonden reduced its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 16.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,400 shares of the textile maker’s stock after selling 13,900 shares during the period. Forsta AP Fonden’s holdings in Deckers Outdoor were worth $7,153,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DECK. CVA Family Office LLC grew its stake in Deckers Outdoor by 137.4% during the second quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock worth $32,000 after buying an additional 180 shares during the period. Cromwell Holdings LLC raised its stake in Deckers Outdoor by 4,766.7% during the second quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock worth $45,000 after acquiring an additional 429 shares during the period. Banque Transatlantique SA acquired a new position in shares of Deckers Outdoor during the first quarter valued at $51,000. Costello Asset Management INC bought a new stake in Deckers Outdoor during the 1st quarter valued at $78,000. Finally, Whittier Trust Co. boosted its holdings in shares of Deckers Outdoor by 187.3% in the second quarter. Whittier Trust Co. now owns 767 shares of the textile maker’s stock valued at $79,000 after acquiring an additional 500 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. The Goldman Sachs Group reduced their price objective on shares of Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating for the company in a research note on Friday, October 24th. KeyCorp upgraded shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Stifel Nicolaus set a $127.00 price target on shares of Deckers Outdoor in a research report on Tuesday, October 21st. Jefferies Financial Group lowered their target price on Deckers Outdoor from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Thursday, October 23rd. Finally, Sanford C. Bernstein assumed coverage on shares of Deckers Outdoor in a research report on Thursday, September 18th. They issued an “underperform” rating and a $100.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $118.11.

Deckers Outdoor Stock Performance

Shares of DECK opened at $82.87 on Friday. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 3.79 and a beta of 1.10. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $223.98. The business’s fifty day moving average is $99.08 and its 200-day moving average is $105.95.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 23rd. The textile maker reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.24. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business earned $1.59 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. As a group, research analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the transaction, the director directly owned 10,979 shares in the company, valued at $1,295,741.58. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela Ogbechie sold 1,460 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $81.45, for a total value of $118,917.00. Following the completion of the sale, the insider directly owned 34,020 shares of the company’s stock, valued at approximately $2,770,929. This trade represents a 4.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.