Livforsakringsbolaget Skandia Omsesidigt Grows Position in Deckers Outdoor Corporation $DECK

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its Deckers Outdoor stake by 255.6% in the first quarter, ending with 112,974 shares valued at about $11.3 million.
• Deckers has drawn renewed bullish attention after Jefferies upgraded the stock, saying recent weakness created a valuation opportunity and highlighting potential upside from HOKA and steady UGG demand.
• The company’s latest earnings showed better-than-expected results, with EPS of $0.96 on revenue of $1.12 billion, and management set FY2027 guidance at $7.30 to $7.45 EPS.

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 255.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,974 shares of the textile maker's stock after buying an additional 81,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt owned 0.08% of Deckers Outdoor worth $11,304,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. grew its stake in Deckers Outdoor by 374.1% during the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker's stock valued at $326,531,000 after acquiring an additional 2,485,338 shares in the last quarter. Norges Bank acquired a new stake in Deckers Outdoor in the 4th quarter valued at about $252,729,000. AQR Capital Management LLC lifted its stake in Deckers Outdoor by 340.5% in the 4th quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker's stock worth $273,000,000 after purchasing an additional 2,035,517 shares in the last quarter. Viking Global Investors LP purchased a new position in Deckers Outdoor in the 3rd quarter worth approximately $175,058,000. Finally, Marshall Wace LLP lifted its stake in Deckers Outdoor by 5,324.4% in the 4th quarter. Marshall Wace LLP now owns 1,498,106 shares of the textile maker's stock worth $155,309,000 after purchasing an additional 1,470,488 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor News Summary

Here are the key news stories impacting Deckers Outdoor this week:

• Positive Sentiment: Jefferies upgraded Deckers and said the recent weakness in the stock created a valuation entry point, with the firm pointing to upside from HOKA’s product pipeline and the durability of UGG demand. Hoka's parent stock has lagged the broader market. Jefferies sees strong gains ahead
• Positive Sentiment: Multiple reports amplified the upgrade narrative, saying Deckers’ valuation looks compelling after the selloff and that the market may be underestimating growth from HOKA. How Jefferies’ HOKA-Focused Upgrade Will Impact Deckers Outdoor (DECK) Investors
• Positive Sentiment: Analysts highlighted Deckers’ strong brand momentum and its FY2027 outlook, reinforcing the view that the company can keep gaining market share despite broader market underperformance. Deckers: Rich In Cash, Rapid Brand Momentum, And Eating Nike's Lunch
• Neutral Sentiment: Deckers announced it will hold a conference call on July 23 to review first-quarter fiscal 2027 results, which is a routine investor update rather than a new operating development. Deckers Brands Announces Conference Call to Review First Quarter Fiscal 2027 Earnings Results
• Neutral Sentiment: Some coverage notes that Deckers has been heavily watched by investors, suggesting attention is high, but this does not by itself change the company’s fundamentals. Deckers Outdoor Corporation (DECK) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: The main risk highlighted in the coverage is that HOKA growth has slowed, which is why the stock had been pressured before the upgrade; investors will want evidence that growth re-accelerates. Deckers Outdoor (DECK) On Jefferies Upgrade Has Its Valuation Back In Focus

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $106.42 on Wednesday. The stock has a 50 day moving average of $105.24 and a 200 day moving average of $106.09. The firm has a market capitalization of $14.78 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 2.13 and a beta of 1.17. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $126.50.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its earnings results on Thursday, May 21st. The textile maker reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $1.00 earnings per share. The company's revenue for the quarter was up 9.5% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Analysts forecast that Deckers Outdoor Corporation will post 7.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DECK. Barclays restated an "overweight" rating and issued a $141.00 price target (down from $143.00) on shares of Deckers Outdoor in a research report on Tuesday, May 26th. Stifel Nicolaus set a $144.00 price objective on Deckers Outdoor in a research note on Friday, May 29th. Wells Fargo & Company cut Deckers Outdoor from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $115.00 to $90.00 in a report on Friday, May 8th. Piper Sandler reaffirmed a "neutral" rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. Finally, Zacks Research lowered Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 21st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $121.11.

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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