Ameriprise Financial Inc. Has $90.11 Million Stake in Deckers Outdoor Corporation $DECK

Key Points

• Ameriprise Financial Inc. has reduced its stake in Deckers Outdoor Corporation by 33.9%, selling 414,198 shares and retaining ownership of 805,958 shares valued at approximately $90.1 million.
• Several other hedge funds have significantly increased their positions in Deckers Outdoor, with Federated Hermes Inc. boosting its stake by 1,998.7% to own 1,163,977 shares valued at $130.1 million.
• Deckers Outdoor reported strong earnings for the quarter, with $0.93 EPS, beating estimates, and announced a $2.25 billion share repurchase plan indicative of its management's belief that the stock is undervalued.

Ameriprise Financial Inc. trimmed its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 33.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 805,958 shares of the textile maker's stock after selling 414,198 shares during the period. Ameriprise Financial Inc. owned approximately 0.53% of Deckers Outdoor worth $90,106,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new stake in Deckers Outdoor during the fourth quarter valued at about $26,000. Vega Investment Solutions bought a new stake in Deckers Outdoor during the fourth quarter valued at about $29,000. Fourth Dimension Wealth LLC bought a new stake in Deckers Outdoor during the fourth quarter valued at about $41,000. Itau Unibanco Holding S.A. boosted its holdings in Deckers Outdoor by 352.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock valued at $44,000 after acquiring an additional 169 shares during the period. Finally, Mountain Hill Investment Partners Corp. bought a new stake in Deckers Outdoor during the first quarter valued at about $34,000. 97.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DECK shares. UBS Group upped their price target on shares of Deckers Outdoor from $144.00 to $158.00 and gave the company a "buy" rating in a report on Friday, July 25th. Truist Financial upped their price objective on shares of Deckers Outdoor from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Robert W. Baird upped their price objective on shares of Deckers Outdoor from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Barclays upped their price objective on shares of Deckers Outdoor from $128.00 to $134.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Finally, Raymond James Financial upped their price objective on shares of Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $137.50.

Deckers Outdoor Trading Up 1.3%

NYSE:DECK traded up $1.49 during mid-day trading on Thursday, hitting $118.22. The company's stock had a trading volume of 2,353,969 shares, compared to its average volume of 2,570,270. 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 capitalization of $17.54 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 4.43 and a beta of 0.99. The stock has a fifty day moving average of $105.37 and a 200-day moving average of $114.42.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.25. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The firm had revenue of $964.54 million during the quarter, compared to analyst estimates of $901.45 million. During the same quarter in the prior year, the business posted $4.52 earnings per share. The company's quarterly 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, equities analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor announced that its board has authorized a stock buyback program on Thursday, May 22nd that permits the company to buyback $2.25 billion in 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 typically an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the transaction, the insider owned 19,980 shares of the company's stock, valued at $2,075,722.20. This represents a 23.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Cindy L. Davis acquired 1,825 shares of the company's stock in a transaction dated Friday, June 6th. The shares were purchased at an average cost of $109.76 per share, with a total value of $200,312.00. Following the acquisition, the director owned 13,340 shares of the company's stock, valued at approximately $1,464,198.40. This represents a 15.85% increase in their position. The disclosure for this purchase can be found here. Company 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.