52,538 Shares in Deckers Outdoor Corporation $DECK Acquired by SEB Asset Management AB

SEB Asset Management AB bought a new position in Deckers Outdoor Corporation (NYSE:DECK) in the first quarter, HoldingsChannel.com reports. The fund bought 52,538 shares of the textile maker’s stock, valued at approximately $5,259,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its holdings in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after buying an additional 215 shares during the period. Elyxium Wealth LLC purchased a new stake in Deckers Outdoor during the fourth quarter valued at $30,000. Rakuten Securities Inc. lifted its holdings in Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares during the period. Activest Wealth Management lifted its holdings in Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new position in Deckers Outdoor in the fourth quarter worth about $35,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $102.36 on Thursday. The stock has a market cap of $14.22 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 2.04 and a beta of 1.17. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $126.50. The firm has a fifty day moving average price of $106.05 and a 200-day moving average price of $106.18.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.15. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. Deckers Outdoor’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, research analysts expect that Deckers Outdoor Corporation will post 7.46 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wells Fargo & Company lowered shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $115.00 to $90.00 in a research report on Friday, May 8th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Needham & Company LLC reiterated a “buy” rating and set a $138.00 target price on shares of Deckers Outdoor in a research report on Friday, May 22nd. Stifel Nicolaus set a $144.00 price target on Deckers Outdoor in a report on Friday, May 29th. Finally, Telsey Advisory Group set a $113.00 price target on Deckers Outdoor in a research report on Friday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $121.11.

Deckers Outdoor Company 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.