E. Ohman J or Asset Management AB dramatically reduced its position in Deckers Outdoor Corporation by 95.2% during the third quarter, selling 131,521 shares and retaining just 6,690 shares by quarter-end. The reduction cut the fund’s holdings from approximately $14.2 million to $678,000, marking one of the most significant divestments among institutional shareholders and signaling a sharp shift in its portfolio allocation.

Several other funds adjusted their stakes in the textile and footwear maker during the same period. Apollon Wealth Management LLC increased its position by 32.4%, adding 2,915 shares to reach 11,907 shares valued at $1.21 million. Burney Co. raised its stake by 25.6%, acquiring 1,399 shares for a total of 6,862 shares worth $696,000. Blue Trust Inc. added 258 shares (up 24.7%) to hold 1,302 shares valued at $132,000, while CWM LLC and Inspire Investing LLC boosted their holdings by 7.5% and 9.7%, respectively, resulting in portfolios of 9,895 shares ($1.00 million) and 2,979 shares ($302,000). Institutional investors collectively own 97.79% of the company’s shares.

Director Angela Ogbechie sold 1,460 shares on October 31, generating proceeds of $118,917 from the transaction. Post-sale, she retains 34,020 shares valued at approximately $2.77 million, reflecting a 4.11% reduction in her personal holding. The sale was disclosed in a filing with the Securities and Exchange Commission and underscores ongoing insider portfolio adjustments.

Analysts’ opinions on Deckers Outdoor remain mixed. Two firms maintain a Strong Buy recommendation, ten suggest Buy, eleven recommend Hold, and two have rated the stock as Sell. Recent research notes included a reaffirmed Buy rating from Cowen, while Barclays, Needham & Company, Evercore ISI and Goldman Sachs each lowered their price objectives, ranging from a high cut of $141 to $113 down to a low of $92 to $81. The consensus target stands at $117.58, reflecting tempered growth expectations amid brand performance shifts.