465,654 Shares in Deckers Outdoor Corporation $DECK Acquired by Danske Bank A S

Danske Bank A S acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 465,654 shares of the textile maker’s stock, valued at approximately $46,235,000. Danske Bank A S owned 0.34% of Deckers Outdoor as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of DECK. Private Wealth Advisors LLC purchased a new position in Deckers Outdoor during the 2nd quarter valued at about $4,634,000. ProShare Advisors LLC lifted its position in shares of Deckers Outdoor by 52.5% in the 4th quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker’s stock worth $4,356,000 after purchasing an additional 14,470 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Deckers Outdoor in the 2nd quarter worth approximately $1,870,000. Revolve Wealth Partners LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $247,000. Finally, New York State Teachers Retirement System boosted its stake in shares of Deckers Outdoor by 21.1% during the fourth quarter. New York State Teachers Retirement System now owns 141,272 shares of the textile maker’s stock valued at $14,646,000 after purchasing an additional 24,608 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DECK shares. Sanford C. Bernstein reissued a “market perform” rating and issued a $105.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 22nd. KeyCorp reaffirmed a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Needham & Company LLC cut their price target on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. Finally, Truist Financial decreased their price objective on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Deckers Outdoor currently has an average rating of “Hold” and an average price target of $117.16.

Deckers Outdoor Trading Up 2.3%

NYSE DECK opened at $91.54 on Thursday. The firm’s fifty day simple moving average is $102.13 and its two-hundred day simple moving average is $105.35. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $125.45. The firm has a market capitalization of $12.47 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.67 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.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 previous year, the firm earned $0.93 earnings per share. The company’s 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, sell-side analysts predict that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

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.