Livforsakringsbolaget Skandia Omsesidigt Takes $13.36 Million Position in Deckers Outdoor Corporation $DECK

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 134,574 shares of the textile maker’s stock, valued at approximately $13,359,000. Livforsakringsbolaget Skandia Omsesidigt owned about 0.10% of Deckers Outdoor at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its position in Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after buying an additional 215 shares during the last quarter. Elyxium Wealth LLC purchased a new position in Deckers Outdoor during the 4th quarter worth $30,000. Orion Capital Management LLC acquired a new stake in shares of Deckers Outdoor in the 2nd quarter worth $30,000. Rakuten Securities Inc. lifted its stake in shares of Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares during the period. Finally, Activest Wealth Management boosted its holdings in shares of Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 245 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DECK shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $105.00 price target on shares of Deckers Outdoor in a research note on Friday, May 22nd. KGI Securities lowered Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective on the stock. in a report on Friday, May 22nd. Telsey Advisory Group dropped their target price on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a research report on Friday, July 24th. Barclays set a $133.00 target price on Deckers Outdoor and gave the stock an “overweight” rating in a research note on Friday, July 24th. Finally, Needham & Company LLC reduced their price target on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Hold” and a consensus price target of $117.16.

Deckers Outdoor Stock Up 1.8%

Shares of DECK opened at $87.90 on Friday. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $125.45. The company has a 50-day simple moving average of $99.12 and a 200-day simple moving average of $104.18. The company has a market capitalization of $11.97 billion, a PE ratio of 12.47, a P/E/G ratio of 1.61 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, research analysts anticipate that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

About Deckers Outdoor

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.