15,126 Shares in Deckers Outdoor Corporation $DECK Purchased by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. acquired 15,126 shares of Deckers Outdoor Corporation, valued at approximately $1.57 million, during the first quarter of the year.
• Deckers Outdoor Corporation's stock has recently seen significant institutional activity, with Federated Hermes increasing its stake by 1,998.7% and other investors also making major purchases.
• The company reported a quarterly earnings beat with an EPS of $0.93, surpassing analyst estimates of $0.68, alongside a revenue growth of 16.9% year-over-year.

APG Asset Management N.V. purchased a new position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,126 shares of the textile maker's stock, valued at approximately $1,566,000.

Several other institutional investors also recently added to or reduced their stakes in DECK. Federated Hermes Inc. increased its stake in Deckers Outdoor by 1,998.7% in the 1st quarter. Federated Hermes Inc. now owns 1,163,977 shares of the textile maker's stock worth $130,144,000 after buying an additional 1,108,516 shares during the period. Nuveen LLC purchased a new position in Deckers Outdoor in the 1st quarter worth about $97,935,000. Pacer Advisors Inc. increased its stake in Deckers Outdoor by 4,770.0% in the 1st quarter. Pacer Advisors Inc. now owns 641,082 shares of the textile maker's stock worth $71,679,000 after buying an additional 627,918 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Deckers Outdoor by 204.8% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker's stock worth $180,674,000 after buying an additional 597,743 shares during the period. Finally, AMF Tjanstepension AB increased its stake in Deckers Outdoor by 1,037.7% in the 1st quarter. AMF Tjanstepension AB now owns 596,735 shares of the textile maker's stock worth $66,721,000 after buying an additional 544,283 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

Analyst Ratings Changes

DECK has been the topic of several recent analyst reports. Robert W. Baird raised their price target on shares of Deckers Outdoor from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. The Goldman Sachs Group cut their target price on shares of Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating on the stock in a research report on Tuesday, July 22nd. Barclays raised their target price on shares of Deckers Outdoor from $128.00 to $134.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. KeyCorp reissued a "sector weight" rating and set a $150.00 target price on shares of Deckers Outdoor in a research report on Friday, May 23rd. Finally, Wells Fargo & Company raised their target price on shares of Deckers Outdoor from $90.00 to $100.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $137.50.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $113.70 on Wednesday. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The stock has a market capitalization of $16.87 billion, a P/E ratio of 17.44, a P/E/G ratio of 4.29 and a beta of 0.99. The company's 50-day simple moving average is $104.70 and its 200-day simple moving average is $114.70.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The business had revenue of $964.54 million for the quarter, compared to analysts' expectations of $901.45 million. During the same period last year, the business earned $4.52 EPS. The company's revenue was up 16.9% compared to the same quarter last year. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, research analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor declared that its Board of Directors has approved a stock buyback plan on Thursday, May 22nd that authorizes the company to repurchase $2.25 billion in shares. This repurchase authorization authorizes the textile maker to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Activity

In other news, Director Cindy L. Davis purchased 1,825 shares of the stock in a transaction dated Friday, June 6th. The shares were acquired at an average cost of $109.76 per share, for a total transaction of $200,312.00. Following the acquisition, the director owned 13,340 shares of the company's stock, valued at approximately $1,464,198.40. This represents a 15.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $109.08, for a total transaction of $32,724.00. Following the completion of the sale, the director owned 10,681 shares in the company, valued at $1,165,083.48. This represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.

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