Nordea Investment Management AB Trims Stock Position in Deckers Outdoor Corporation $DECK

Nordea Investment Management AB cut its stake in Deckers Outdoor Corporation (NYSE:DECK) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,257 shares of the textile maker’s stock after selling 690 shares during the period. Nordea Investment Management AB’s holdings in Deckers Outdoor were worth $3,439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marks Group Wealth Management Inc lifted its position in Deckers Outdoor by 15.4% in the first quarter. Marks Group Wealth Management Inc now owns 62,902 shares of the textile maker’s stock valued at $7,033,000 after acquiring an additional 8,410 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Deckers Outdoor by 17.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker’s stock worth $1,997,000 after acquiring an additional 2,706 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Deckers Outdoor by 3.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker’s stock worth $116,310,000 after acquiring an additional 39,211 shares during the period. Principal Financial Group Inc. grew its position in Deckers Outdoor by 17.7% during the first quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker’s stock worth $65,716,000 after buying an additional 88,179 shares during the period. Finally, Jump Financial LLC grew its position in Deckers Outdoor by 5,481.7% during the first quarter. Jump Financial LLC now owns 156,568 shares of the textile maker’s stock worth $17,506,000 after buying an additional 153,763 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the transaction, the director owned 10,979 shares of the company’s stock, valued at approximately $1,295,741.58. This trade represents a 2.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Up 2.8%

NYSE:DECK opened at $102.99 on Wednesday. The company has a market cap of $15.28 billion, a P/E ratio of 15.80, a P/E/G ratio of 3.83 and a beta of 1.05. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The firm’s 50 day moving average is $109.09 and its two-hundred day moving average is $108.72.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.25. The company had revenue of $964.54 million for the quarter, compared to the consensus estimate of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. Deckers Outdoor’s revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Research analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DECK shares. The Goldman Sachs Group lowered their target price on shares of Deckers Outdoor from $90.00 to $87.00 and set a “sell” rating on the stock in a research report on Tuesday, July 22nd. Sanford C. Bernstein started coverage on shares of Deckers Outdoor in a research report on Thursday, September 18th. They issued an “underperform” rating and a $100.00 price target on the stock. Zacks Research raised shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Barclays upped their price objective on shares of Deckers Outdoor from $134.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Finally, Bank of America upped their price objective on shares of Deckers Outdoor from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $136.00.

About Deckers Outdoor

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.