AG2R LA Mondiale Gestion D Actifs Takes $642,000 Position in Deckers Outdoor Corporation $DECK

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 6,082 shares of Deckers Outdoor Corporation, valued at approximately $642,000, during the first quarter.
• Deckers Outdoor reported earnings of $0.93 per share in its latest quarter, surpassing estimates and achieving a revenue of $964.54 million, up 16.9% year-over-year.
• The company has implemented a $2.25 billion stock repurchase plan, allowing it to buy back up to 11.7% of its shares, indicating management's belief in the stock's undervaluation.

AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of 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. The fund bought 6,082 shares of the textile maker's stock, valued at approximately $642,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new stake in Deckers Outdoor during the fourth quarter valued at $26,000. Vega Investment Solutions purchased a new position in shares of Deckers Outdoor in the fourth quarter valued at about $29,000. Fourth Dimension Wealth LLC purchased a new position in shares of Deckers Outdoor in the fourth quarter valued at about $41,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Deckers Outdoor during the first quarter valued at about $34,000. Finally, Olde Wealth Management LLC purchased a new position in shares of Deckers Outdoor during the first quarter valued at about $47,000. Institutional investors own 97.79% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DECK. TD Securities upped their price objective on shares of Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. KGI Securities upgraded shares of Deckers Outdoor to a "hold" rating in a report on Monday, May 26th. KeyCorp restated a "sector weight" rating and issued a $150.00 price objective on shares of Deckers Outdoor in a report on Friday, May 23rd. 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, Robert W. Baird upped their price objective on shares of Deckers Outdoor from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. One equities research 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $137.89.

Deckers Outdoor Stock Down 0.1%

DECK traded down $0.11 during trading on Tuesday, hitting $118.55. The company's stock had a trading volume of 2,212,554 shares, compared to its average volume of 2,429,783. Deckers Outdoor Corporation has a one year low of $93.72 and a one year high of $223.98. The firm has a market cap of $17.59 billion, a PE ratio of 18.18, a P/E/G ratio of 4.48 and a beta of 1.05. The business's 50 day simple moving average is $109.38 and its 200-day simple moving average is $111.45.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.25. The business had revenue of $964.54 million for 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%. The company's quarterly revenue was up 16.9% on a year-over-year basis. During the same period last year, the firm earned $4.52 earnings per share. 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 announced that its board has initiated a stock buyback program on Thursday, May 22nd that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the textile maker to buy up to 11.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.40% of the company's stock.

Deckers Outdoor Company Profile

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.