Swedbank AB Grows Position in Deckers Outdoor Corporation $DECK

Swedbank AB boosted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 1,038.9% during the 1st quarter, Holdings Channel reports. The firm owned 758,683 shares of the textile maker’s stock after acquiring an additional 692,065 shares during the quarter. Swedbank AB’s holdings in Deckers Outdoor were worth $84,828,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of DECK. Federated Hermes Inc. boosted its holdings in shares of Deckers Outdoor by 1,998.7% in the 1st quarter. Federated Hermes Inc. now owns 1,163,977 shares of the textile maker’s stock valued at $130,144,000 after acquiring an additional 1,108,516 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Deckers Outdoor in the 1st quarter valued at $97,935,000. Pacer Advisors Inc. boosted its holdings in shares of Deckers Outdoor by 4,770.0% in the 1st quarter. Pacer Advisors Inc. now owns 641,082 shares of the textile maker’s stock valued at $71,679,000 after acquiring an additional 627,918 shares during the last quarter. Atreides Management LP boosted its holdings in shares of Deckers Outdoor by 123.6% in the 1st quarter. Atreides Management LP now owns 1,078,693 shares of the textile maker’s stock valued at $120,609,000 after acquiring an additional 596,359 shares during the last quarter. Finally, AMF Tjanstepension AB boosted its holdings in shares of Deckers Outdoor by 1,037.7% in the 1st quarter. AMF Tjanstepension AB now owns 596,735 shares of the textile maker’s stock valued at $66,721,000 after acquiring an additional 544,283 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

DECK opened at $118.45 on Friday. The firm has a fifty day moving average price of $108.86 and a 200 day moving average price of $111.97. The stock has a market cap of $17.57 billion, a P/E ratio of 18.17, a P/E/G ratio of 4.45 and a beta of 1.05. Deckers Outdoor Corporation has a 1 year low of $93.72 and a 1 year high of $223.98.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.25. The company had revenue of $964.54 million during the quarter, compared to analysts’ expectations of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Equities analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor declared that its board has authorized a share buyback program on Thursday, May 22nd that authorizes the company to buyback $2.25 billion in shares. This buyback authorization authorizes the textile maker to purchase up to 11.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DECK. Needham & Company LLC reaffirmed a “buy” rating and issued a $128.00 price objective (up from $120.00) on shares of Deckers Outdoor in a report on Wednesday, July 23rd. Robert W. Baird upped their price objective on shares of Deckers Outdoor from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Bank of America dropped their price objective on shares of Deckers Outdoor from $128.00 to $114.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. Cowen reiterated a “buy” rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. Finally, KeyCorp reiterated a “sector weight” rating and issued a $150.00 target price on shares of Deckers Outdoor in a research note on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Deckers Outdoor presently has an average rating of “Hold” and an average price target of $137.89.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction on 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 approximately $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor 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.