Nykredit A S Buys New Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Nykredit A/S acquired 73,511 Deckers Outdoor shares in the second quarter, valued at approximately $7.3 million. Institutional investors and hedge funds collectively own 97.79% of the company.
• Analysts have a mixed outlook, with nine Buy, thirteen Hold, and three Sell ratings. Deckers has a consensus rating of Hold and an average price target of $114.80.
• Deckers reported quarterly EPS of $0.94, exceeding estimates of $0.88, while revenue reached $1.02 billion, up 5.7% year over year. Shares opened at $80.28, near the company’s one-year low.

Nykredit A S acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 73,511 shares of the textile maker's stock, valued at approximately $7,299,000. Nykredit A S owned 0.05% of Deckers Outdoor as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Danske Bank A S bought a new position in shares of Deckers Outdoor in the second quarter valued at approximately $46,235,000. Private Wealth Advisors LLC acquired a new position in shares of Deckers Outdoor in the 2nd quarter worth approximately $4,634,000. GSA Capital Partners LLP bought a new stake in Deckers Outdoor during the 2nd quarter worth approximately $1,870,000. BlackRock Inc. bought a new stake in Deckers Outdoor during the 2nd quarter worth approximately $1,343,613,000. Finally, Plato Investment Management Ltd bought a new stake in Deckers Outdoor during the 2nd quarter worth approximately $1,237,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Analysts Set New Price Targets

DECK has been the topic of several research reports. UBS Group reiterated a "buy" rating on shares of Deckers Outdoor in a research report on Friday, September 11th. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $85.00 target price on shares of Deckers Outdoor in a research note on Friday, July 24th. Stifel Nicolaus set a $133.00 target price on shares of Deckers Outdoor and gave the stock a "buy" rating in a research report on Friday, July 24th. BMO Capital Markets initiated coverage on shares of Deckers Outdoor in a research report on Tuesday, September 8th. They set an "underperform" rating and a $70.00 target price on the stock. Finally, Robert W. Baird decreased their price target on shares of Deckers Outdoor from $125.00 to $115.00 and set a "neutral" rating on the stock in a research note on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of "Hold" and an average target price of $114.80.

Deckers Outdoor Trading Up 2.4%

Shares of DECK opened at $80.28 on Tuesday. The company's fifty day simple moving average is $92.02 and its 200 day simple moving average is $100.16. The company has a market cap of $10.94 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.22 and a beta of 1.15. Deckers Outdoor Corporation has a 1-year low of $77.36 and a 1-year high of $122.29.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. 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 prior year, the business earned $0.93 EPS. Deckers Outdoor's quarterly 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, research analysts forecast that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation NYSE: DECK designs, markets and distributes branded footwear, apparel and accessories. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, a performance and lifestyle footwear brand; Teva, which specializes in outdoor and adventure sandals and footwear; and Koolaburra by UGG, which offers accessible casual footwear and related products.

The company sells its products through department and specialty stores, independent retailers, digital commerce platforms and its own brand websites and retail stores.

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