Danske Bank A S Increases Stake in Deckers Outdoor Corporation $DECK

Key Points

• Danske Bank A/S boosted its stake in Deckers by 7.1% in Q4 to 273,663 shares (about 0.19% of the company), worth roughly $28.37 million.
• Deckers posted a Q4 beat with EPS of $3.33 vs. $2.77 expected and revenue of $1.96B vs. $1.87B, along with a 41.6% ROE and a 19.46% net margin.
• Insiders have sold 9,092 shares (~$1.05M) in the last 90 days, institutional ownership is 97.79%, and the analyst consensus is a Hold with a $126.35 price target.

Danske Bank A S increased its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 273,663 shares of the textile maker's stock after acquiring an additional 18,088 shares during the quarter. Danske Bank A S owned about 0.19% of Deckers Outdoor worth $28,371,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DECK. Rakuten Securities Inc. grew its holdings in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker's stock valued at $33,000 after buying an additional 100 shares in the last quarter. American National Bank & Trust boosted its position in shares of Deckers Outdoor by 77.4% during the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker's stock valued at $25,000 after acquiring an additional 106 shares during the last quarter. Perigon Wealth Management LLC grew its holdings in shares of Deckers Outdoor by 4.3% during the third quarter. Perigon Wealth Management LLC now owns 2,597 shares of the textile maker's stock worth $263,000 after purchasing an additional 106 shares in the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of Deckers Outdoor by 2.3% during the third quarter. Miracle Mile Advisors LLC now owns 4,990 shares of the textile maker's stock worth $506,000 after purchasing an additional 112 shares in the last quarter. Finally, Resonant Capital Advisors LLC grew its holdings in shares of Deckers Outdoor by 4.3% during the third quarter. Resonant Capital Advisors LLC now owns 3,097 shares of the textile maker's stock worth $314,000 after purchasing an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Performance

DECK opened at $100.78 on Friday. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $133.43. The stock has a market capitalization of $14.31 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 2.16 and a beta of 1.14. The stock's 50 day moving average price is $106.10 and its 200-day moving average price is $101.21.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.56. The firm had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The business's revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.00 earnings per share. Research analysts forecast that Deckers Outdoor Corporation will post 6.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Anne Spangenberg sold 4,063 shares of the company's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the sale, the insider directly owned 80,449 shares of the company's stock, valued at $9,333,692.98. This represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lauri M. Shanahan sold 4,682 shares of the business's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director directly owned 25,026 shares in the company, valued at $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,092 shares of company stock valued at $1,048,552 over the last ninety days. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

DECK has been the subject of a number of recent research reports. Robert W. Baird downgraded Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 7th. UBS Group restated a "buy" rating and issued a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Evercore set a $108.00 target price on Deckers Outdoor in a research report on Friday, January 30th. Raymond James Financial downgraded Deckers Outdoor from a "strong-buy" rating to an "outperform" rating and set a $133.00 target price for the company. in a research report on Thursday, April 23rd. Finally, Piper Sandler reiterated an "underweight" rating and issued a $95.00 price objective (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $126.35.

Deckers Outdoor Company Profile

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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