Alliancebernstein L.P. Decreases Stake in Deckers Outdoor Corporation $DECK

Key Points

• Alliancebernstein L.P. reduced its stake in Deckers Outdoor Corporation by 61.7%, owning approximately 0.15% of the company, valued at about $25.81 million after selling a significant number of shares in the first quarter.
• Several institutional investors have increased their positions, with Federated Hermes Inc. significantly boosting its holdings by 1,998.7%, now owning over $130 million worth of Deckers stock.
• Deckers Outdoor reported a revenue of $964.54 million in its last quarterly earnings, exceeding analyst expectations, while also setting a share buyback authorization of $2.25 billion, indicating confidence in the stock's value.

Alliancebernstein L.P. lessened its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 61.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 230,791 shares of the textile maker's stock after selling 371,879 shares during the quarter. Alliancebernstein L.P. owned approximately 0.15% of Deckers Outdoor worth $25,805,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DECK. Revolve Wealth Partners LLC acquired a new stake in Deckers Outdoor during the 4th quarter valued at approximately $247,000. Captrust Financial Advisors increased its position in Deckers Outdoor by 1.9% during the 4th quarter. Captrust Financial Advisors now owns 7,505 shares of the textile maker's stock valued at $1,524,000 after purchasing an additional 143 shares during the period. Focus Partners Wealth increased its position in Deckers Outdoor by 66.1% during the 4th quarter. Focus Partners Wealth now owns 6,393 shares of the textile maker's stock valued at $1,317,000 after purchasing an additional 2,543 shares during the period. Jefferies Financial Group Inc. acquired a new stake in Deckers Outdoor during the 4th quarter valued at approximately $3,678,000. Finally, Janus Henderson Group PLC increased its position in Deckers Outdoor by 127.8% during the 4th quarter. Janus Henderson Group PLC now owns 78,296 shares of the textile maker's stock valued at $15,912,000 after purchasing an additional 43,918 shares during the period. Institutional investors and hedge funds own 97.79% of the company's stock.

Insider Activity at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction 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 in the company, valued at $1,295,741.58. The trade was a 2.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

DECK has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $128.00 price objective (up previously from $120.00) on shares of Deckers Outdoor in a research report on Wednesday, July 23rd. 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 research report on Friday, July 25th. KeyCorp reaffirmed a "sector weight" rating and set a $150.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 23rd. Evercore ISI raised their price objective on shares of Deckers Outdoor from $110.00 to $115.00 and gave the stock an "in-line" rating in a research report on Friday, July 25th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $120.00 price objective on shares of Deckers Outdoor in a research 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 assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $137.89.

Deckers Outdoor Trading Up 0.5%

Shares of DECK traded up $0.58 during trading hours on Friday, reaching $118.45. The stock had a trading volume of 2,445,520 shares, compared to its average volume of 2,441,291. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98. The firm has a 50-day simple moving average of $108.86 and a 200 day simple moving average of $111.97. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 4.45 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.25. The company had revenue of $964.54 million for the quarter, compared to analysts' expectations of $901.45 million. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.Deckers Outdoor's quarterly revenue was up 16.9% compared to the same quarter last year. During the same period last year, the business earned $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, equities analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

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

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.