Forsta AP Fonden Sells 13,900 Shares of Deckers Outdoor Corporation $DECK

Forsta AP Fonden reduced its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 16.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 69,400 shares of the textile maker’s stock after selling 13,900 shares during the quarter. Forsta AP Fonden’s holdings in Deckers Outdoor were worth $7,153,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its holdings in Deckers Outdoor by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker’s stock worth $116,310,000 after purchasing an additional 39,211 shares during the last quarter. Trillium Asset Management LLC increased its holdings in shares of Deckers Outdoor by 28.1% in the second quarter. Trillium Asset Management LLC now owns 188,486 shares of the textile maker’s stock worth $19,428,000 after purchasing an additional 41,325 shares during the last quarter. Jump Financial LLC increased its holdings in shares of Deckers Outdoor by 5,481.7% in the 1st quarter. Jump Financial LLC now owns 156,568 shares of the textile maker’s stock worth $17,506,000 after buying an additional 153,763 shares during the last quarter. OFI Invest Asset Management boosted its stake in Deckers Outdoor by 32.1% during the second quarter. OFI Invest Asset Management now owns 361,543 shares of the textile maker’s stock worth $37,264,000 after buying an additional 87,834 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Deckers Outdoor by 0.6% in the first quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker’s stock worth $1,984,339,000 after buying an additional 107,635 shares during the period. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 0.3%

DECK stock opened at $82.87 on Friday. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth 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 stock’s fifty day simple moving average is $99.08 and its 200-day simple moving average is $105.95.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results 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. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.59 earnings per share. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. As a group, analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Insider Activity at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 10,979 shares in the company, valued at $1,295,741.58. The trade was a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $118,917.00. Following the completion of the sale, the insider owned 34,020 shares of the company’s stock, valued at approximately $2,770,929. The trade was a 4.11% decrease in their position. The SEC filing for this sale provides additional information. 0.40% of the stock is owned by company insiders.

Analyst Ratings Changes

DECK has been the topic of several recent research reports. TD Cowen dropped their target price on Deckers Outdoor from $125.00 to $124.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Truist Financial set a $105.00 target price on Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, October 24th. Raymond James Financial set a $115.00 price objective on shares of Deckers Outdoor and gave the stock a “strong-buy” rating in a research report on Friday, October 24th. Telsey Advisory Group reduced their price objective on shares of Deckers Outdoor from $120.00 to $105.00 and set a “market perform” rating for the company in a research report on Friday, October 24th. Finally, Wells Fargo & Company dropped their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Hold” and an average price target of $118.11.

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.