4,388 Shares in Deckers Outdoor Corporation $DECK Acquired by Jacobi Capital Management LLC

Key Points

• Jacobi Capital Management LLC acquired 4,388 shares of Deckers Outdoor Corporation ($DECK) valued at approximately $491,000 during the first quarter.
• Deckers Outdoor's stock price opened at $118.45, with a market cap of $17.57 billion and a P/E ratio of 18.17.
• Analysts have mixed ratings on Deckers Outdoor, with nine analysts issuing a Buy rating, and one a Sell rating, while the average target price is $137.89.

Jacobi Capital Management LLC bought a new stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,388 shares of the textile maker's stock, valued at approximately $491,000.

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

Wall Street Analysts Forecast Growth

DECK has been the topic of several recent analyst reports. KGI Securities upgraded shares of Deckers Outdoor to a "hold" rating in a report on Monday, May 26th. Argus assumed coverage on shares of Deckers Outdoor in a report on Friday, June 13th. They issued a "hold" rating for the company. Raymond James Financial raised their price objective on shares of Deckers Outdoor from $123.00 to $137.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Telsey Advisory Group restated a "market perform" rating and issued a $120.00 price objective on shares of Deckers Outdoor in a report on Friday, July 25th. Finally, Wells Fargo & Company raised their price objective on shares of Deckers Outdoor from $90.00 to $100.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. One investment 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 stock. According to data from MarketBeat.com, Deckers Outdoor has an average rating of "Hold" and a consensus target price of $137.89.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the sale, the director directly owned 10,979 shares of the company's stock, valued at $1,295,741.58. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is owned by insiders.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock traded down $0.11 on Tuesday, hitting $118.55. 2,212,554 shares of the company's stock were exchanged, compared to its average volume of 3,313,902. The company has a 50-day simple moving average of $109.12 and a 200-day simple moving average of $111.41. The stock has a market capitalization of $17.59 billion, a PE ratio of 18.18, a PEG ratio of 4.47 and a beta of 1.05. Deckers Outdoor Corporation has a 1 year low of $93.72 and a 1 year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released 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 net margin of 19.42% and a return on equity of 40.49%. The company had revenue of $964.54 million for the quarter, compared to analysts' expectations of $901.45 million. During the same quarter last year, the business earned $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, 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 approved a stock repurchase plan on Thursday, May 22nd that permits the company to buyback $2.25 billion in outstanding shares. This buyback authorization permits the textile maker to purchase up to 11.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

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.