Swedbank AB Grows Position in Deckers Outdoor Corporation $DECK

Swedbank AB boosted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 32.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,753 shares of the textile maker’s stock after acquiring an additional 70,000 shares during the period. Swedbank AB’s holdings in Deckers Outdoor were worth $28,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Rakuten Securities Inc. raised its holdings 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 valued at $33,000 after purchasing an additional 100 shares in the last quarter. Hilton Head Capital Partners LLC boosted its stake in shares of Deckers Outdoor by 29.8% during the first quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 101 shares in the last quarter. GW Henssler & Associates Ltd. increased its holdings in Deckers Outdoor by 5.8% during the fourth quarter. GW Henssler & Associates Ltd. now owns 2,159 shares of the textile maker’s stock valued at $224,000 after buying an additional 118 shares during the period. waypoint wealth counsel raised its stake in Deckers Outdoor by 5.3% in the first quarter. waypoint wealth counsel now owns 2,938 shares of the textile maker’s stock worth $294,000 after buying an additional 148 shares in the last quarter. Finally, BOKF NA raised its stake in Deckers Outdoor by 0.9% in the third quarter. BOKF NA now owns 17,412 shares of the textile maker’s stock worth $1,765,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $102.44 on Thursday. The business’s 50-day simple moving average is $104.92 and its two-hundred day simple moving average is $105.94. The company has a market cap of $14.23 billion, a PE ratio of 14.55, a PEG ratio of 2.10 and a beta of 1.17. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $126.50.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business posted $1.00 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, analysts predict that Deckers Outdoor Corporation will post 7.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on DECK shares. Zacks Research cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. UBS Group boosted their target price on shares of Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Wells Fargo & Company downgraded shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $115.00 to $90.00 in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research report on Monday, April 20th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $105.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 22nd. Nine 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.