2,673 Shares in Deckers Outdoor Corporation $DECK Acquired by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC acquired 2,673 shares of Deckers Outdoor Corporation, valued at approximately $299,000, marking a new position for the institutional investor during the 1st quarter.
• Deckers Outdoor reported earnings of $0.93 EPS, exceeding analysts' expectations by $0.25, with a revenue of $964.54 million for the quarter, a 16.9% increase from the previous year.
• The company's board approved a share buyback plan allowing repurchase of $2.25 billion in shares, indicating confidence in the company's valuation and future performance.

MBB Public Markets I LLC purchased a new position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,673 shares of the textile maker's stock, valued at approximately $299,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $26,000. Vega Investment Solutions purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $29,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $41,000. Mountain Hill Investment Partners Corp. purchased a new stake in Deckers Outdoor during the 1st quarter valued at $34,000. Finally, Olde Wealth Management LLC purchased a new stake in Deckers Outdoor during the 1st quarter valued at $47,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $117.89 on Friday. Deckers Outdoor Corporation has a one year low of $93.72 and a one year high of $223.98. The stock's fifty day moving average is $108.61 and its 200 day moving average is $112.14. The stock has a market cap of $17.49 billion, a P/E ratio of 18.08, a P/E/G ratio of 4.31 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS 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 company had revenue of $964.54 million for the quarter, compared to analysts' expectations of $901.45 million. During the same period last year, the firm earned $4.52 EPS. Deckers Outdoor's revenue for the quarter 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 predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor announced that its board has approved a share buyback plan on Thursday, May 22nd that allows the company to buyback $2.25 billion in outstanding shares. This buyback authorization allows the textile maker to purchase up to 11.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

DECK has been the topic of several recent analyst reports. Cowen reiterated a "buy" rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. Telsey Advisory Group reiterated a "market perform" rating and set a $120.00 target price on shares of Deckers Outdoor in a research note on Friday, July 25th. Truist Financial increased their target price on Deckers Outdoor from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Raymond James Financial increased their target price on Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. Finally, Bank of America cut their target price on Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. One 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $137.50.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $118.02, for a total value of $35,406.00. Following the transaction, the director directly owned 10,979 shares of the company's stock, valued at approximately $1,295,741.58. This trade represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.40% of the company's stock.

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.

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