Te Ahumairangi Investment Management Ltd Makes New Investment in Deckers Outdoor Corporation $DECK

Key Points

• Te Ahumairangi Investment Management Ltd. has acquired a new position in Deckers Outdoor Corporation by purchasing 18,600 shares, valued at approximately $2.08 million, as disclosed in a recent SEC filing.
• Deckers Outdoor reported strong quarterly earnings with an EPS of $0.93, outperforming analyst expectations, and has guided for Q2 2026 EPS between $1.500-1.550.
• The company has initiated a $2.25 billion share buyback program, reflecting confidence from its Board of Directors in the stock's valuation.

Te Ahumairangi Investment Management Ltd bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,600 shares of the textile maker's stock, valued at approximately $2,080,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter worth $247,000. Kovitz Investment Group Partners LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter worth $427,000. Northern Trust Corp increased its holdings in shares of Deckers Outdoor by 13.9% during the fourth quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock worth $321,228,000 after buying an additional 192,469 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in shares of Deckers Outdoor by 21.2% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 3,813 shares of the textile maker's stock worth $774,000 after buying an additional 668 shares in the last quarter. Finally, Utah Retirement Systems increased its holdings in shares of Deckers Outdoor by 0.4% during the fourth quarter. Utah Retirement Systems now owns 25,136 shares of the textile maker's stock worth $5,105,000 after buying an additional 100 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DECK has been the subject of several research analyst reports. KeyCorp reiterated a "sector weight" rating and set a $150.00 price target on shares of Deckers Outdoor in a report on Friday, May 23rd. Truist Financial upped their price target on shares of Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Evercore ISI increased their price objective on Deckers Outdoor from $110.00 to $115.00 and gave the company an "in-line" rating in a report on Friday, July 25th. Bank of America decreased their price objective on Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Finally, Wells Fargo & Company increased their price objective on Deckers Outdoor from $90.00 to $100.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $137.50.

Deckers Outdoor Stock Up 1.2%

Deckers Outdoor stock traded up $1.47 during trading hours on Monday, reaching $119.61. 2,663,078 shares of the company's stock were exchanged, compared to its average volume of 2,486,894. The firm's 50 day simple moving average is $105.72 and its 200 day simple moving average is $113.57. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98. The firm has a market capitalization of $17.74 billion, a PE ratio of 18.35, a PEG ratio of 4.54 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.25. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The firm had revenue of $964.54 million during the quarter, compared to the consensus estimate of $901.45 million. During the same period last year, the business posted $4.52 EPS. The business'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. Analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor announced that its Board of Directors has approved a stock buyback plan on Thursday, May 22nd that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the textile maker to repurchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Transactions at Deckers Outdoor

In other news, Director Cindy L. Davis bought 1,825 shares of Deckers Outdoor stock in a transaction dated Friday, June 6th. The stock was bought at an average cost of $109.76 per share, for a total transaction of $200,312.00. Following the purchase, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $32,724.00. Following the completion of the sale, the director owned 10,681 shares of the company's stock, valued at approximately $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. 0.40% of the stock is owned by corporate 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.