KLP Kapitalforvaltning AS Grows Holdings in Deckers Outdoor Corporation $DECK

Key Points

• KLP Kapitalforvaltning AS increased its stake in Deckers Outdoor Corporation by 8.4% in Q2, owning a total of 146,500 shares valued at approximately $15.1 million.
• Deckers Outdoor posted a quarterly EPS of $0.93, exceeding analysts' expectations of $0.68, with a revenue of $964.54 million, up 16.9% year-over-year.
• Research analysts have a mixed outlook on Deckers Outdoor, with a consensus rating of "Hold" and an average price target of $136.26.

KLP Kapitalforvaltning AS grew its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 146,500 shares of the textile maker's stock after buying an additional 11,400 shares during the quarter. KLP Kapitalforvaltning AS owned 0.10% of Deckers Outdoor worth $15,100,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marks Group Wealth Management Inc boosted its stake in shares of Deckers Outdoor by 15.4% during the 1st quarter. Marks Group Wealth Management Inc now owns 62,902 shares of the textile maker's stock valued at $7,033,000 after buying an additional 8,410 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Deckers Outdoor by 17.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock worth $1,997,000 after buying an additional 2,706 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Deckers Outdoor by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker's stock worth $116,310,000 after buying an additional 39,211 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Deckers Outdoor by 17.7% during the 1st quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock worth $65,716,000 after buying an additional 88,179 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in Deckers Outdoor by 5,481.7% during the 1st quarter. Jump Financial LLC now owns 156,568 shares of the textile maker's stock worth $17,506,000 after buying an additional 153,763 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

NYSE:DECK opened at $101.51 on Thursday. Deckers Outdoor Corporation has a 12-month low of $93.72 and a 12-month high of $223.98. The firm has a market capitalization of $15.06 billion, a P/E ratio of 15.57, a P/E/G ratio of 3.74 and a beta of 1.05. The business has a 50 day simple moving average of $109.96 and a 200 day simple moving average of $109.73.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) 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 business had revenue of $964.54 million during the quarter, compared to analyst estimates of $901.45 million. During the same quarter in the previous year, the firm posted $4.52 EPS. The business's revenue for the quarter was up 16.9% compared to the same quarter last year. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Research analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DECK shares. Bank of America increased their target price on Deckers Outdoor from $120.00 to $122.00 and gave the stock a "neutral" rating in a report on Thursday, September 25th. Truist Financial increased their target price on Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Argus started coverage on Deckers Outdoor in a report on Friday, June 13th. They set a "hold" rating on the stock. UBS Group set a $157.00 target price on Deckers Outdoor and gave the stock a "buy" rating in a report on Wednesday. Finally, Evercore ISI increased their target price on Deckers Outdoor from $110.00 to $115.00 and gave the stock an "in-line" rating in a report on Friday, July 25th. 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 two have assigned a Sell rating to the stock. Based on data from MarketBeat, Deckers Outdoor currently has a consensus rating of "Hold" and an average price target of $136.26.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor 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 sale, the director owned 10,979 shares of the company's stock, valued at $1,295,741.58. The trade was a 2.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is owned by 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.

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