Livforsakringsbolaget Skandia, Omsesidigt 13F: Cuts DECK Stake by $4.2M
Key Points
- Livforsakringsbolaget Skandia cut its Deckers Outdoor Corporation stake by 40.0% to finish the quarter with 80,734 shares valued at about $6.3 million.
- Deckers Outdoor Corporation recently traded around $85.48, sitting below its 200-day moving average and about 30.1% off its 52-week high.
- Wall Street firms maintain a buy consensus on the footwear maker with a mean price target of $115.48 ahead of its next earnings release.
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Livforsakringsbolaget Skandia reduced its stake in Deckers Outdoor Corporation (NYSE:DECK) by 53,840 shares, according to a Form 13F filing filed on October 21, 2026. The institutional investor held 80,734 shares worth about $6.3 million at the close of the period after the 40.0% reduction.
DECK
Deckers Outdoor Corporation
What Changed in Livforsakringsbolaget Skandia's Deckers Outdoor Corporation Position
The fund held 134,574 shares of the footwear maker prior to this filing. Dropping 53,840 shares brought the end count down to 80,734 shares, leaving a position valued at $6,308,555.
Other Institutional Activity in Deckers Outdoor Corporation
Other large funds made major adjustments to their holdings in the footwear maker around the same time. AQR Capital Management, LLC reduced its stake by 1,206,053 shares, ending with 2,718,623 shares worth about $233.5 million after a 30.7% decrease. Meanwhile, Two Sigma Investments, LP grew its holdings by 660,912 shares, ending with 2,128,626 shares worth about $182.8 million following a 45.0% increase.
Deckers Outdoor Corporation Stock Down 1.7%
Deckers shares recently traded around $85.48, compared to an event close of $85.49 on October 21, 2026. The stock sits about 1.8% above its 50-day moving average of $83.95 and 14.5% below its 200-day moving average of $100.03. Shares trade roughly 10.7% above their 52-week low of $77.20 and 30.1% below their 52-week high of $122.29.
Recent Earnings
Deckers generated trailing-twelve-month revenue of $5.53 billion and earnings of $7.07 per share. The business operates with an 18.4% net profit margin and a return on equity of 42.6%. The company's next earnings report is scheduled for October 22, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 13.4%. Revenue beat estimates by 7.3%.
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Profit surprise
EBITDA beat by 20 percent. Operating income beat by 20 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 upgrade, 1 downgrade, 2 target raises, 1 target cut.
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Earnings quality
Gross margin down 1.1 points. Operating margin down 3.4 points. Positive free cash flow.
Earnings Call Summary
Deckers delivered a strong first quarter with revenue of $965 million, up 17 percent, driven by HOKA hitting a record $653 million and UGG at $265 million. Both brands grew faster internationally, with international revenue surging 50 percent. The company raised prices on July 1 and made product improvements, but withdrew full-year guidance citing tariff uncertainty and unpredictable U.S. consumer behavior ahead.
Guidance The company withdrew its full-year guidance due to uncertainty around tariffs and the U.S. consumer. For the next quarter, it expects revenue between $1.38 billion and $1.42 billion with earnings per share between $1.50 and $1.55. HOKA should grow about 10 percent and UGG at least mid-single digits.
Solid report. Results were generally better than expected, but the forward outlook did not materially change.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock leading up to the filing. On July 25, 2026, Telsey Advisory Group maintained a Market Perform rating with a $105.00 price target. Later, on September 9, 2026, BMO Capital initiated coverage with an Underperform rating and a $70.00 price target. Telsey Advisory Group reiterated its Market Perform rating and $105.00 price target on October 15, 2026. Raymond James kept an Outperform rating while lowering its target from $120.00 to $105.00 on October 16, 2026. Evercore ISI Group maintained an In-Line rating and cut its target from $108.00 to $90.00 on October 21, 2026. Overall, the stock carries a buy consensus with a mean price target of $115.48 based on 21 analyst opinions.
About Deckers Outdoor Corporation
Deckers Outdoor Corporation designs and sells footwear, apparel, and accessories for everyday wear and outdoor sports. The company is best known for popular brands like UGG, HOKA, and Teva, serving customers across the United States and international markets. Institutional adjustments and upcoming earnings reports keep investors closely focused on how well the brand portfolio performs against its retail peers.
Bottom Line
Investors will watch how the company performs in its upcoming earnings release. Future filings will show whether other major funds follow Skandia's lead in trimming exposure or rebuild positions.
Related Filing Alerts
Source: Livforsakringsbolaget Skandia, Omsesidigt's 13F filing on $DECK (Oct 21, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts