Swedbank AB Grows Stock Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Swedbank AB significantly increased its stake in Deckers Outdoor Corporation by 1,038.9% in Q1, owning 758,683 shares valued at approximately $84.8 million.
• Deckers reported earnings of $0.93 per share for the last quarter, exceeding estimates, and had a net margin of 19.42% with revenues up 16.9% year-over-year.
• Market analysts have a mixed outlook on Deckers, with one Strong Buy, nine Buy, thirteen Hold, and one Sell rating; the average price target stands at $137.89.

Swedbank AB lifted its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 1,038.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 758,683 shares of the textile maker's stock after acquiring an additional 692,065 shares during the quarter. Swedbank AB owned 0.51% of Deckers Outdoor worth $84,828,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DECK. Mpwm Advisory Solutions LLC acquired a new stake in Deckers Outdoor during the 4th quarter worth about $26,000. Vega Investment Solutions purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth about $29,000. Mountain Hill Investment Partners Corp. acquired a new stake in Deckers Outdoor during the first quarter worth about $34,000. Fourth Dimension Wealth LLC purchased a new position in Deckers Outdoor during the fourth quarter valued at approximately $41,000. Finally, Olde Wealth Management LLC acquired a new position in Deckers Outdoor in the first quarter valued at approximately $47,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Analysts Set New Price Targets

DECK has been the subject of several recent research reports. Evercore ISI lifted their target price on shares of Deckers Outdoor from $110.00 to $115.00 and gave the company an "in-line" rating in a report on Friday, July 25th. Cowen reissued a "buy" rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. KGI Securities upgraded Deckers Outdoor to a "hold" rating in a research report on Monday, May 26th. TD Securities upped their price target on Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $128.00 price objective (up from $120.00) on shares of Deckers Outdoor in a report 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 assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $137.89.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the transaction, the director directly owned 10,979 shares in the company, valued at $1,295,741.58. The trade was a 2.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Stock Performance

Shares of DECK stock traded down $0.11 during trading hours on Tuesday, reaching $118.55. The company had a trading volume of 2,212,554 shares, compared to its average volume of 3,313,902. The stock has a fifty day moving average of $109.38 and a 200-day moving average of $111.45. The company has a market capitalization of $17.59 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 4.47 and a beta of 1.05. Deckers Outdoor Corporation has a 12-month low of $93.72 and a 12-month high of $223.98.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.25. The business had revenue of $964.54 million during the quarter, compared to the consensus estimate of $901.45 million. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The company's revenue for the quarter was up 16.9% on a year-over-year basis. During the same period last year, the company earned $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor declared that its board has approved a share repurchase plan on Thursday, May 22nd that allows the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization allows the textile maker to repurchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its stock is undervalued.

Deckers Outdoor 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.