Deckers Outdoor Corporation $DECK Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Deckers Outdoor Corporation (NYSE:DECK) by 50.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,150 shares of the textile maker’s stock after purchasing an additional 31,950 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Deckers Outdoor were worth $9,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its position in Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after buying an additional 215 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in Deckers Outdoor in the 4th quarter valued at $30,000. Rakuten Securities Inc. grew its holdings in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after buying an additional 100 shares in the last quarter. Activest Wealth Management grew its holdings in Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after buying an additional 245 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth $35,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Up 0.1%

DECK stock opened at $104.81 on Friday. The business has a fifty day moving average of $105.10 and a two-hundred day moving average of $105.87. The stock has a market cap of $14.56 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 2.07 and a beta of 1.17. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $126.50.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, May 21st. The textile maker reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $1.00 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, sell-side analysts anticipate that Deckers Outdoor Corporation will post 7.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DECK shares. Piper Sandler reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Barclays reissued an “overweight” rating and issued a $141.00 price objective (down from $143.00) on shares of Deckers Outdoor in a report on Tuesday, May 26th. Telsey Advisory Group set a $113.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 22nd. Stifel Nicolaus set a $144.00 target price on shares of Deckers Outdoor in a research note on Friday, May 29th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a research note on Friday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $121.11.

Deckers Outdoor Profile

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.