Skandinaviska Enskilda Banken AB publ Has $25.56 Million Position in Deckers Outdoor Corporation $DECK

Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 60.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 248,012 shares of the textile maker’s stock after selling 385,598 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Deckers Outdoor were worth $25,563,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC increased its stake in shares of Deckers Outdoor by 137.4% during the 2nd quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock worth $32,000 after purchasing an additional 180 shares during the last quarter. Cromwell Holdings LLC lifted its stake in shares of Deckers Outdoor by 4,766.7% in the 2nd quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 429 shares during the last quarter. Banque Transatlantique SA bought a new stake in Deckers Outdoor in the first quarter worth $51,000. Manchester Capital Management LLC increased its position in Deckers Outdoor by 344.5% during the second quarter. Manchester Capital Management LLC now owns 649 shares of the textile maker’s stock worth $67,000 after buying an additional 503 shares during the last quarter. Finally, Costello Asset Management INC acquired a new position in Deckers Outdoor during the first quarter worth $78,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Trading Up 1.2%

Shares of Deckers Outdoor stock opened at $88.20 on Friday. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $223.98. The company’s fifty day simple moving average is $92.61 and its 200-day simple moving average is $103.63. The company has a market cap of $12.85 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 3.79 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last issued 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. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 EPS. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. As a group, research analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on DECK. Robert W. Baird reduced their price target on Deckers Outdoor from $150.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. TD Cowen cut their price objective on Deckers Outdoor from $125.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Sanford C. Bernstein assumed coverage on Deckers Outdoor in a research report on Thursday, September 18th. They set an “underperform” rating and a $100.00 target price for the company. Barclays lowered their price target on Deckers Outdoor from $141.00 to $113.00 and set an “overweight” rating on the stock in a report on Monday, October 27th. Finally, Telsey Advisory Group dropped their price target on shares of Deckers Outdoor from $120.00 to $105.00 and set a “market perform” rating on the stock in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $117.58.

Insider Activity

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $81.45, for a total value of $118,917.00. Following the completion of the transaction, the insider owned 34,020 shares of the company’s stock, valued at $2,770,929. This represents a 4.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the sale, the director owned 10,979 shares of the company’s stock, valued at $1,295,741.58. This represents a 2.66% decrease in their position. The SEC filing for this sale provides additional information. 0.40% of the stock is currently owned by company insiders.

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.