1832 Asset Management L.P. Cuts Position in Deckers Outdoor Corporation $DECK

Key Points

• 1832 Asset Management L.P. significantly reduced its stake in Deckers Outdoor Corporation by 90.4%, ending the first quarter with a holding valued at about $2.19 million.
• Deckers Outdoor reported a quarterly earnings per share (EPS) of $0.93, exceeding expectations by $0.25, alongside a revenue increase of 16.9% year-over-year.
• The company announced a stock repurchase plan that allows it to buy back $2.25 billion worth of shares, reflecting confidence in its valuation and positive market outlook.

1832 Asset Management L.P. lessened its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 90.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,589 shares of the textile maker's stock after selling 185,270 shares during the period. 1832 Asset Management L.P.'s holdings in Deckers Outdoor were worth $2,190,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marks Group Wealth Management Inc grew its holdings in Deckers Outdoor by 15.4% during the 1st quarter. Marks Group Wealth Management Inc now owns 62,902 shares of the textile maker's stock worth $7,033,000 after acquiring an additional 8,410 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Deckers Outdoor by 17.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock worth $1,997,000 after acquiring an additional 2,706 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Deckers Outdoor by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker's stock worth $116,310,000 after acquiring an additional 39,211 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Deckers Outdoor by 32.3% during the 1st quarter. Park Avenue Securities LLC now owns 26,929 shares of the textile maker's stock worth $3,011,000 after acquiring an additional 6,569 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Deckers Outdoor by 17.7% in the 1st quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock valued at $65,716,000 after buying an additional 88,179 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Stock Performance

Deckers Outdoor stock traded up $1.49 during trading hours on Thursday, reaching $118.22. 2,353,969 shares of the stock were exchanged, compared to its average volume of 2,570,270. The stock has a market cap of $17.54 billion, a P/E ratio of 18.13, a P/E/G ratio of 4.43 and a beta of 0.99. Deckers Outdoor Corporation has a 52-week low of $93.72 and a 52-week high of $223.98. The firm's 50 day moving average is $105.37 and its 200 day moving average is $114.42.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.25. The company had revenue of $964.54 million during the quarter, compared to the consensus estimate of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. Deckers Outdoor's quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Equities research analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor declared that its Board of Directors has initiated a share 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 reacquire up to 11.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages recently weighed in on DECK. TD Securities increased their price target on shares of Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Wells Fargo & Company increased their price target on shares of Deckers Outdoor from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. UBS Group increased their price target on shares of Deckers Outdoor from $144.00 to $158.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Robert W. Baird increased 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. Finally, Argus began coverage on shares of Deckers Outdoor in a research note on Friday, June 13th. They set a "hold" rating for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has an average rating of "Hold" and an average target price of $137.50.

Insiders Place Their Bets

In other news, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the transaction, the insider owned 19,980 shares in the company, valued at $2,075,722.20. This trade represents a 23.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Cindy L. Davis purchased 1,825 shares of the business's stock in a transaction dated Friday, June 6th. The stock was bought at an average price of $109.76 per share, with a total value of $200,312.00. Following the acquisition, the director directly owned 13,340 shares in the company, valued at approximately $1,464,198.40. This represents a 15.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.40% of the stock is owned by insiders.

About Deckers Outdoor

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.