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

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, Holdings Channel reports. The fund acquired 134,574 shares of the textile maker’s stock, valued at approximately $13,359,000.

Several other hedge funds have also recently added to or reduced their stakes in DECK. Geneos Wealth Management Inc. raised 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 acquiring an additional 215 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $30,000. Orion Capital Management LLC acquired a new stake in shares of Deckers Outdoor in the second quarter valued at approximately $30,000. Rakuten Securities Inc. increased its stake in shares of Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Finally, Activest Wealth Management increased its stake in shares of Deckers Outdoor by 298.8% during the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after purchasing an additional 245 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

Shares of DECK opened at $87.90 on Friday. The stock has a fifty day moving average of $99.12 and a two-hundred day moving average of $104.18. The company has a market capitalization of $11.97 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.61 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 $125.45.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, equities research analysts forecast that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Truist Financial reduced their target price on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. UBS Group restated a “buy” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research note on Friday, July 17th. Finally, Needham & Company LLC dropped their price objective on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Nine 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $117.16.

Deckers Outdoor Company 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.