465,654 Shares in Deckers Outdoor Corporation $DECK Acquired by Danske Bank A S

Key Points

• Danske Bank acquired 465,654 Deckers Outdoor shares in the second quarter, worth approximately $46.2 million and representing 0.34% of the company. Institutional investors collectively own 97.79% of DECK.
• Analyst sentiment remains mixed, with nine Buy, thirteen Hold, and two Sell ratings. MarketBeat reports an average rating of Hold and an average price target of $117.16, while several analysts recently lowered their targets.
• Deckers reported quarterly earnings of $0.94 per share, exceeding the $0.88 consensus estimate, while revenue reached $1.02 billion, up 5.7% year over year. The stock opened at $91.54, below its 50-day and 200-day moving averages.

Danske Bank A S acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 465,654 shares of the textile maker's stock, valued at approximately $46,235,000. Danske Bank A S owned 0.34% of Deckers Outdoor as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of DECK. Private Wealth Advisors LLC purchased a new position in Deckers Outdoor during the 2nd quarter valued at about $4,634,000. ProShare Advisors LLC lifted its position in shares of Deckers Outdoor by 52.5% in the 4th quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker's stock worth $4,356,000 after purchasing an additional 14,470 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Deckers Outdoor in the 2nd quarter worth approximately $1,870,000. Revolve Wealth Partners LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $247,000. Finally, New York State Teachers Retirement System boosted its stake in shares of Deckers Outdoor by 21.1% during the fourth quarter. New York State Teachers Retirement System now owns 141,272 shares of the textile maker's stock valued at $14,646,000 after purchasing an additional 24,608 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DECK shares. Sanford C. Bernstein reissued a "market perform" rating and issued a $105.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 22nd. KeyCorp reaffirmed a "sector weight" rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Needham & Company LLC cut their price target on Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Piper Sandler reissued a "neutral" rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Finally, Truist Financial decreased their price objective on Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Deckers Outdoor currently has an average rating of "Hold" and an average price target of $117.16.

Deckers Outdoor Trading Up 2.3%

NYSE DECK opened at $91.54 on Thursday. The firm's fifty day simple moving average is $102.13 and its two-hundred day simple moving average is $105.35. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $125.45. The firm has a market capitalization of $12.47 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.67 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK - Get Free Report) 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 business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The company's revenue was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, sell-side analysts predict that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

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.

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