Handelsbanken Fonder AB Cuts Stock Position in Deckers Outdoor Corporation $DECK

Handelsbanken Fonder AB decreased its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 5.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,164 shares of the textile maker’s stock after selling 2,100 shares during the period. Handelsbanken Fonder AB’s holdings in Deckers Outdoor were worth $4,037,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DECK. CVA Family Office LLC lifted its holdings 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 valued at $32,000 after purchasing an additional 180 shares during the last quarter. Cromwell Holdings LLC raised its stake in Deckers Outdoor by 4,766.7% in the second quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock valued at $45,000 after buying an additional 429 shares during the last quarter. Banque Transatlantique SA purchased a new stake in shares of Deckers Outdoor during the first quarter worth about $51,000. Costello Asset Management INC acquired a new position in shares of Deckers Outdoor during the first quarter valued at about $78,000. Finally, Whittier Trust Co. raised its position in shares of Deckers Outdoor by 187.3% in the 2nd quarter. Whittier Trust Co. now owns 767 shares of the textile maker’s stock valued at $79,000 after purchasing an additional 500 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Angela Ogbechie sold 1,460 shares of the business’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 sale, the insider directly owned 34,020 shares in the company, valued at $2,770,929. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by insiders.

Deckers Outdoor Trading Down 2.3%

Deckers Outdoor stock opened at $83.15 on Tuesday. The firm has a market cap of $12.12 billion, a PE ratio of 12.32, a P/E/G ratio of 3.79 and a beta of 1.10. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $223.98. The stock’s 50 day simple moving average is $94.99 and its two-hundred day simple moving average is $104.38.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on DECK shares. Sanford C. Bernstein initiated coverage on shares of Deckers Outdoor in a research report on Thursday, September 18th. They set an “underperform” rating and a $100.00 target price on the stock. Telsey Advisory Group reduced their target price on Deckers Outdoor from $120.00 to $105.00 and set a “market perform” rating for the company in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research report on Wednesday, October 8th. Zacks Research cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Citigroup cut their price target on shares of Deckers Outdoor from $150.00 to $120.00 and set a “buy” rating on the stock in a 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 issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $117.58.

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.