DnB Asset Management AS Has $48.17 Million Position in Deckers Outdoor Corporation $DECK

Key Points

• DnB Asset Management AS increased its stake in Deckers Outdoor Corporation by 27.6%, owning 430,827 shares worth $48.17 million as of the last reporting period.
• Several other institutional investors have also boosted their holdings, with 97.79% of Deckers' stock now owned by hedge funds and institutional investors.
• Deckers reported earnings with an EPS of $0.93, surpassing estimates, and set guidance for Q2 2026 at $1.500-$1.550 EPS, indicating strong financial performance.

DnB Asset Management AS lifted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 27.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 430,827 shares of the textile maker's stock after purchasing an additional 93,097 shares during the quarter. DnB Asset Management AS owned about 0.28% of Deckers Outdoor worth $48,171,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Horizon Investments LLC grew its stake in shares of Deckers Outdoor by 4.6% during the 1st quarter. Horizon Investments LLC now owns 2,179 shares of the textile maker's stock worth $244,000 after purchasing an additional 96 shares during the period. Cumberland Partners Ltd grew its stake in Deckers Outdoor by 0.4% in the 1st quarter. Cumberland Partners Ltd now owns 27,991 shares of the textile maker's stock valued at $3,130,000 after acquiring an additional 98 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at about $26,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Deckers Outdoor by 0.8% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,106 shares of the textile maker's stock valued at $1,913,000 after acquiring an additional 140 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in Deckers Outdoor by 1.9% in the 4th quarter. Captrust Financial Advisors now owns 7,505 shares of the textile maker's stock valued at $1,524,000 after acquiring an additional 143 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Trading Down 2.9%

DECK stock traded down $3.54 during mid-day trading on Friday, reaching $120.37. 2,192,393 shares of the stock traded hands, compared to its average volume of 2,465,278. Deckers Outdoor Corporation has a 52-week low of $93.72 and a 52-week high of $223.98. The company has a market cap of $17.86 billion, a P/E ratio of 18.46, a P/E/G ratio of 4.57 and a beta of 1.05. The stock's fifty day moving average is $107.73 and its 200-day moving average is $112.72.

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

Deckers Outdoor announced that its board has authorized a stock repurchase plan on Thursday, May 22nd that allows the company to repurchase $2.25 billion in shares. This repurchase authorization allows the textile maker to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

DECK has been the topic of a number of research reports. Cowen reissued a "buy" rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. KGI Securities raised shares of Deckers Outdoor to a "hold" rating in a research report on Monday, May 26th. Argus began coverage on shares of Deckers Outdoor in a research note on Friday, June 13th. They set a "hold" rating on the stock. Robert W. Baird lifted their price target on shares of Deckers Outdoor from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $128.00 target price (up previously from $120.00) on shares of Deckers Outdoor in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $137.50.

Deckers Outdoor Company Profile

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.