Livforsakringsbolaget Skandia Omsesidigt Boosts Stake in Deckers Outdoor Corporation $DECK

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Deckers Outdoor Corporation (NYSE:DECKFree Report) by 255.6% in the 1st quarter, Holdings Channel reports. The firm owned 112,974 shares of the textile maker’s stock after purchasing an additional 81,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Deckers Outdoor were worth $11,304,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its stake 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 purchasing an additional 215 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at $30,000. 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 buying an additional 100 shares during the period. Activest Wealth Management raised its holdings in shares of 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 during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in Deckers Outdoor during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor News Summary

Here are the key news stories impacting Deckers Outdoor this week:

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DECK. Zacks Research cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Wells Fargo & Company lowered shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $115.00 to $90.00 in a research note on Friday, May 8th. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Needham & Company LLC reissued a “buy” rating and issued a $138.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a report on Monday, April 20th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $121.11.

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Deckers Outdoor Stock Performance

NYSE DECK opened at $106.42 on Wednesday. The firm has a market cap of $14.78 billion, a PE ratio of 15.12, a P/E/G ratio of 2.13 and a beta of 1.17. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $126.50. The firm’s fifty day moving average is $105.24 and its two-hundred day moving average is $106.09.

Deckers Outdoor (NYSE:DECKGet Free Report) last announced its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.15. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The business’s quarterly 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. Research analysts predict that Deckers Outdoor Corporation will post 7.45 earnings per share for the current year.

Deckers Outdoor Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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