Alyeska Investment Group L.P. Acquires Shares of 220,675 Deckers Outdoor Corporation $DECK

Key Points

• Alyeska Investment Group L.P. purchased 220,675 shares of Deckers Outdoor Corporation, valued at approximately $24.67 million, representing about 0.15% of the company's total stock.
• Deckers Outdoor's shares have seen significant movement, reaching a 1-year low of $93.72 and a high of $223.98, with a current market capitalization of $18.38 billion.
• The company reported earnings of $0.93 per share for the recent quarter, surpassing estimates and showing revenue growth of 16.9% year-over-year.

Alyeska Investment Group L.P. purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 220,675 shares of the textile maker's stock, valued at approximately $24,674,000. Alyeska Investment Group L.P. owned about 0.15% of Deckers Outdoor as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Horizon Investments LLC raised its holdings in Deckers Outdoor by 4.6% in the 1st quarter. Horizon Investments LLC now owns 2,179 shares of the textile maker's stock worth $244,000 after purchasing an additional 96 shares in the last quarter. Cumberland Partners Ltd boosted its holdings in shares of Deckers Outdoor by 0.4% during the 1st quarter. Cumberland Partners Ltd now owns 27,991 shares of the textile maker's stock valued at $3,130,000 after acquiring an additional 98 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $26,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Deckers Outdoor by 0.8% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,106 shares of the textile maker's stock worth $1,913,000 after buying an additional 140 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Deckers Outdoor by 1.9% in the fourth quarter. Captrust Financial Advisors now owns 7,505 shares of the textile maker's stock worth $1,524,000 after buying an additional 143 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on DECK. Truist Financial raised their target price on shares of Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Needham & Company LLC reaffirmed a "buy" rating and set a $128.00 price objective (up from $120.00) on shares of Deckers Outdoor in a research note on Wednesday, July 23rd. Wells Fargo & Company lifted 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. UBS Group lifted their price objective on Deckers Outdoor from $144.00 to $158.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group reduced their target price on shares of Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating for the company in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $137.50.

Insider Activity

In related 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 completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.40% of the company's stock.

Deckers Outdoor Price Performance

NYSE:DECK traded down $0.65 during trading hours on Wednesday, reaching $114.76. The company had a trading volume of 436,778 shares, compared to its average volume of 3,329,906. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98. The firm has a market cap of $17.02 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 4.42 and a beta of 1.05. The business's 50 day moving average price is $108.21 and its 200-day moving average price is $112.28.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share (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 firm had revenue of $964.54 million for the quarter, compared to analyst estimates of $901.45 million. During the same quarter last year, the firm posted $4.52 EPS. The business's revenue was up 16.9% on a year-over-year basis. 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 earnings per share for the current fiscal year.

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