Acadian Asset Management LLC Buys 14,234 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Acadian Asset Management LLC has increased its stake in Deckers Outdoor Corporation by 149.2%, acquiring an additional 14,234 shares during the first quarter.
• Deckers Outdoor reported an EPS of $0.93 for the quarter, surpassing analysts' expectations, and had a quarterly revenue of $964.54 million, marking a 16.9% increase year-over-year.
• The company has authorized a $2.25 billion stock repurchase program, allowing it to buy back up to 11.7% of its outstanding shares, a move often interpreted as a signal of undervaluation.

Acadian Asset Management LLC increased its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 149.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,773 shares of the textile maker's stock after buying an additional 14,234 shares during the quarter. Acadian Asset Management LLC's holdings in Deckers Outdoor were worth $2,656,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DECK. Horizon Investments LLC increased its position in shares of Deckers Outdoor by 4.6% during the first quarter. Horizon Investments LLC now owns 2,179 shares of the textile maker's stock valued at $244,000 after purchasing an additional 96 shares during the period. Cumberland Partners Ltd increased its holdings in Deckers Outdoor by 0.4% in the 1st quarter. Cumberland Partners Ltd now owns 27,991 shares of the textile maker's stock valued at $3,130,000 after buying an additional 98 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at $26,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Deckers Outdoor by 0.8% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,106 shares of the textile maker's stock valued at $1,913,000 after buying an additional 140 shares in the last quarter. Finally, Vega Investment Solutions bought a new position in shares of Deckers Outdoor during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on DECK shares. Telsey Advisory Group restated a "market perform" rating and set a $120.00 price target on shares of Deckers Outdoor in a research note on Friday, July 25th. UBS Group increased their target price on Deckers Outdoor from $144.00 to $158.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Cowen restated a "buy" rating on shares of Deckers Outdoor in a research report on Tuesday, May 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $128.00 price target (up previously from $120.00) on shares of Deckers Outdoor in a research note on Wednesday, July 23rd. Finally, Bank of America lowered their price target on Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $137.89.

Deckers Outdoor Price Performance

DECK opened at $118.54 on Tuesday. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The company has a market cap of $17.58 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 4.47 and a beta of 1.05. The firm has a 50 day simple moving average of $109.12 and a 200 day simple moving average of $111.41.

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. The firm had revenue of $964.54 million during the quarter, compared to analyst estimates of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The business's quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor declared that its board has authorized a stock repurchase program on Thursday, May 22nd that permits the company to buyback $2.25 billion in outstanding shares. This buyback authorization permits the textile maker to reacquire up to 11.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm's 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 transaction, the director owned 10,979 shares in the company, valued at approximately $1,295,741.58. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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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