Handelsbanken Fonder AB Boosts Position in Deckers Outdoor Corporation $DECK

Handelsbanken Fonder AB grew its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 744.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 330,664 shares of the textile maker’s stock after buying an additional 291,500 shares during the period. Handelsbanken Fonder AB owned 0.23% of Deckers Outdoor worth $33,519,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Diversify Wealth Management LLC lifted its stake in Deckers Outdoor by 9.1% in the 3rd quarter. Diversify Wealth Management LLC now owns 9,712 shares of the textile maker’s stock worth $985,000 after purchasing an additional 808 shares in the last quarter. Hohimer Wealth Management LLC grew its position in Deckers Outdoor by 39.3% during the third quarter. Hohimer Wealth Management LLC now owns 8,991 shares of the textile maker’s stock worth $911,000 after buying an additional 2,536 shares in the last quarter. Choreo LLC increased its stake in Deckers Outdoor by 135.7% in the 3rd quarter. Choreo LLC now owns 7,128 shares of the textile maker’s stock worth $723,000 after acquiring an additional 4,104 shares during the last quarter. Advisor OS LLC raised its holdings in shares of Deckers Outdoor by 48.7% in the 3rd quarter. Advisor OS LLC now owns 5,268 shares of the textile maker’s stock valued at $534,000 after acquiring an additional 1,726 shares in the last quarter. Finally, Interchange Capital Partners LLC purchased a new stake in shares of Deckers Outdoor in the 3rd quarter valued at about $259,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Trading Down 1.9%

Shares of NYSE:DECK opened at $117.13 on Friday. The stock has a market capitalization of $16.63 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 2.72 and a beta of 1.16. The stock’s 50-day moving average price is $108.31 and its 200-day moving average price is $103.07. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $141.90.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the business posted $3.00 EPS. Deckers Outdoor’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, research analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Wall Street Analysts Forecast Growth

DECK has been the topic of several research analyst reports. Argus upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Robert W. Baird lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $120.00 price objective (up from $105.00) on shares of Deckers Outdoor in a report on Monday, January 26th. Sanford C. Bernstein set a $90.00 target price on Deckers Outdoor in a research note on Friday, January 30th. Finally, Citigroup reaffirmed a “buy” rating and set a $130.00 price target (up from $120.00) on shares of Deckers Outdoor in a research note on Thursday, January 15th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.20.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Lauri M. Shanahan sold 4,682 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $114.84, for a total transaction of $537,680.88. Following the completion of the sale, the director owned 25,026 shares of the company’s stock, valued at $2,873,985.84. This represents a 15.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anne Spangenberg sold 4,063 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the sale, the insider directly owned 80,449 shares in the company, valued at approximately $9,333,692.98. This trade represents a 4.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 9,092 shares of company stock worth $1,048,552. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Profile

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.