Lansforsakringar Fondforvaltning AB publ Raises Holdings in Deckers Outdoor Corporation $DECK

Lansforsakringar Fondforvaltning AB publ lifted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 147.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 120,607 shares of the textile maker’s stock after purchasing an additional 71,869 shares during the quarter. Lansforsakringar Fondforvaltning AB publ owned about 0.08% of Deckers Outdoor worth $12,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DECK. waypoint wealth counsel grew its stake in shares of Deckers Outdoor by 5.3% in the first quarter. waypoint wealth counsel now owns 2,938 shares of the textile maker’s stock valued at $294,000 after buying an additional 148 shares in the last quarter. Patton Fund Management Inc. acquired a new position in Deckers Outdoor during the 1st quarter worth about $268,000. Janney Montgomery Scott LLC lifted its stake in Deckers Outdoor by 16.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 138,468 shares of the textile maker’s stock worth $13,859,000 after acquiring an additional 19,888 shares in the last quarter. Adams Diversified Equity Fund Inc. purchased a new position in Deckers Outdoor during the 1st quarter valued at about $8,458,000. Finally, Trilogy Capital Inc. boosted its holdings in Deckers Outdoor by 10.1% during the 1st quarter. Trilogy Capital Inc. now owns 36,723 shares of the textile maker’s stock valued at $3,676,000 after acquiring an additional 3,368 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on DECK. KeyCorp restated a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, May 22nd. Argus set a $128.00 target price on shares of Deckers Outdoor in a report on Friday, May 29th. Barclays reissued an “overweight” rating and issued a $141.00 price target (down from $143.00) on shares of Deckers Outdoor in a research report on Tuesday, May 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $138.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 22nd. Finally, Wells Fargo & Company cut Deckers Outdoor from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $115.00 to $90.00 in a research note on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Deckers Outdoor has a consensus rating of “Hold” and an average price target of $121.11.

Deckers Outdoor Stock Up 1.1%

Shares of Deckers Outdoor stock opened at $100.34 on Thursday. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $126.50. The firm’s 50 day moving average is $105.26 and its two-hundred day moving average is $105.86. The firm has a market capitalization of $13.94 billion, a P/E ratio of 14.25, a P/E/G ratio of 1.96 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, May 21st. The textile maker reported $0.96 EPS for the quarter, topping 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 business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The business’s revenue 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, research analysts expect that Deckers Outdoor Corporation will post 7.45 earnings per share for the current fiscal year.

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.