Swedbank AB Cuts Stock Position in Deckers Outdoor Corporation $DECK

Swedbank AB trimmed its position in Deckers Outdoor Corporation (NYSE:DECK) by 75.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 217,503 shares of the textile maker’s stock after selling 655,000 shares during the period. Swedbank AB’s holdings in Deckers Outdoor were worth $22,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Deckers Outdoor by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker’s stock worth $454,662,000 after acquiring an additional 114,779 shares during the period. Invesco Ltd. raised its holdings in Deckers Outdoor by 19.4% during the second quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock worth $286,660,000 after purchasing an additional 452,081 shares in the last quarter. Norges Bank purchased a new position in Deckers Outdoor during the second quarter worth about $223,036,000. Federated Hermes Inc. lifted its position in Deckers Outdoor by 46.5% in the second quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock valued at $175,800,000 after purchasing an additional 541,657 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Deckers Outdoor by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,520,461 shares of the textile maker’s stock valued at $170,003,000 after purchasing an additional 97,312 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

DECK opened at $103.07 on Friday. The company has a market cap of $15.02 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 4.55 and a beta of 1.19. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $223.98. The business’s fifty day moving average is $91.57 and its two-hundred day moving average is $101.60.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.24. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the business posted $1.59 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. On average, analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of Deckers Outdoor stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $81.45, for a total transaction of $118,917.00. Following the completion of the transaction, the insider owned 34,020 shares in the company, valued at approximately $2,770,929. The trade was a 4.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

DECK has been the subject of a number of analyst reports. Jefferies Financial Group cut their target price on Deckers Outdoor from $114.00 to $107.00 and set a “hold” rating for the company in a research note on Thursday, October 23rd. TD Cowen dropped their price objective on Deckers Outdoor from $125.00 to $124.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Bank of America increased their price objective on Deckers Outdoor from $120.00 to $122.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research report on Wednesday, October 8th. Finally, Citigroup lowered their price target on shares of Deckers Outdoor from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $117.58.

About Deckers Outdoor

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.