Tredje AP fonden Has $133.01 Million Stake in Deckers Outdoor Corporation $DECK

Tredje AP fonden raised its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 507.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,290,498 shares of the textile maker’s stock after acquiring an additional 1,077,965 shares during the period. Deckers Outdoor comprises about 1.1% of Tredje AP fonden’s investment portfolio, making the stock its 16th largest holding. Tredje AP fonden owned about 0.87% of Deckers Outdoor worth $133,012,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC grew its stake in Deckers Outdoor by 137.4% in the second quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 180 shares during the period. Mountain Hill Investment Partners Corp. acquired a new position in Deckers Outdoor in the first quarter valued at about $34,000. Cromwell Holdings LLC grew its stake in Deckers Outdoor by 4,766.7% in the second quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 429 shares during the period. Olde Wealth Management LLC acquired a new position in Deckers Outdoor in the first quarter valued at about $47,000. Finally, Banque Transatlantique SA acquired a new position in Deckers Outdoor in the first quarter valued at about $51,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the sale, the director 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. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

DECK has been the subject of several recent research reports. TD Cowen reduced their price objective on Deckers Outdoor from $125.00 to $124.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Bank of America upped their price objective on Deckers Outdoor from $120.00 to $122.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Wells Fargo & Company reduced their price objective on Deckers Outdoor from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, October 24th. Truist Financial set a $105.00 price objective on Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, Citigroup reduced their price objective on Deckers Outdoor from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $118.11.

Deckers Outdoor Stock Performance

DECK opened at $81.52 on Friday. Deckers Outdoor Corporation has a 52-week low of $80.30 and a 52-week high of $223.98. The firm has a market capitalization of $12.09 billion, a PE ratio of 12.08, a PEG ratio of 3.79 and a beta of 1.05. The business’s 50-day simple moving average is $106.57 and its 200 day simple moving average is $107.70.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.24. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the company posted $1.59 earnings per share. Deckers Outdoor’s 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. On average, research analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

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.