Strs Ohio Invests $34.66 Million in Deckers Outdoor Corporation $DECK

Key Points

• Strs Ohio has acquired 310,000 shares of Deckers Outdoor Corporation, representing a new position valued at approximately $34.66 million, amounting to about 0.20% ownership of the company.
• Deckers Outdoor reported a 16.9% year-over-year revenue increase in its latest quarterly earnings, with EPS of $0.93, surpassing the analysts’ estimates.
• The company’s board has approved a $2.25 billion share buyback plan, allowing them to buy back up to 11.7% of its own stock, indicating confidence in the stock's valuation.

Strs Ohio acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 310,000 shares of the textile maker's stock, valued at approximately $34,661,000. Strs Ohio owned approximately 0.20% of Deckers Outdoor as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Jacobi Capital Management LLC acquired a new stake in shares of Deckers Outdoor during the 1st quarter valued at $491,000. Acadian Asset Management LLC boosted its holdings in shares of Deckers Outdoor by 149.2% during the 1st quarter. Acadian Asset Management LLC now owns 23,773 shares of the textile maker's stock valued at $2,656,000 after acquiring an additional 14,234 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of Deckers Outdoor by 3.5% during the 1st quarter. IFM Investors Pty Ltd now owns 31,723 shares of the textile maker's stock valued at $3,547,000 after acquiring an additional 1,060 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of Deckers Outdoor by 931.9% during the 1st quarter. Belpointe Asset Management LLC now owns 7,027 shares of the textile maker's stock valued at $786,000 after acquiring an additional 6,346 shares in the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of Deckers Outdoor by 843.1% during the 1st quarter. Intech Investment Management LLC now owns 134,385 shares of the textile maker's stock valued at $15,026,000 after acquiring an additional 120,136 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $128.00 target price (up from $120.00) on shares of Deckers Outdoor in a research report on Wednesday, July 23rd. Bank of America lowered their target price on Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Wells Fargo & Company raised their target price on Deckers Outdoor from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Argus began coverage on Deckers Outdoor in a research report on Friday, June 13th. They issued a "hold" rating for the company. Finally, Evercore ISI lifted their price objective on Deckers Outdoor from $110.00 to $115.00 and gave the stock an "in-line" rating in a research report on Friday, July 25th. 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 stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $137.89.

Deckers Outdoor Trading Up 0.5%

Deckers Outdoor stock traded up $0.58 during midday trading on Friday, reaching $118.45. The stock had a trading volume of 2,445,520 shares, compared to its average volume of 2,430,711. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98. The company has a market capitalization of $17.57 billion, a P/E ratio of 18.17, a PEG ratio of 4.47 and a beta of 1.05. The company has a fifty day moving average price of $108.86 and a two-hundred day moving average price of $111.55.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, beating 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 business had revenue of $964.54 million during the quarter, compared to analyst estimates of $901.45 million. During the same period in the previous year, the company posted $4.52 EPS. The firm'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, equities research analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor declared that its board has initiated a share repurchase plan on Thursday, May 22nd that authorizes the company to buyback $2.25 billion in shares. This buyback authorization authorizes the textile maker to buy up to 11.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the transaction, the director owned 10,979 shares in the company, valued at approximately $1,295,741.58. The trade was a 2.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.