Amundi Increases Stock Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Amundi increased its stake in Deckers Outdoor Corporation by 24.7%, acquiring an additional 268,803 shares to reach a total of 1,357,154 shares valued at approximately $151.7 million.
• Deckers Outdoor reported quarterly earnings of $0.93 per share, exceeding analyst estimates of $0.68, along with a 16.9% year-over-year revenue growth of $964.54 million.
• The company has initiated a $2.25 billion share buyback plan, indicating confidence in the value of its stock, as nearly 97.79% of Deckers Outdoor's shares are currently held by institutional investors.

Amundi raised its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 24.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,357,154 shares of the textile maker's stock after buying an additional 268,803 shares during the quarter. Amundi owned about 0.89% of Deckers Outdoor worth $151,743,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. raised its stake in shares of Deckers Outdoor by 2.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 145,383 shares of the textile maker's stock worth $16,255,000 after purchasing an additional 3,483 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in Deckers Outdoor by 75.4% during the first quarter. Federation des caisses Desjardins du Quebec now owns 37,469 shares of the textile maker's stock valued at $4,190,000 after buying an additional 16,104 shares during the last quarter. Atreides Management LP increased its stake in shares of Deckers Outdoor by 123.6% in the 1st quarter. Atreides Management LP now owns 1,078,693 shares of the textile maker's stock worth $120,609,000 after purchasing an additional 596,359 shares in the last quarter. Royal Bank of Canada increased its holdings in Deckers Outdoor by 20.3% in the 1st quarter. Royal Bank of Canada now owns 1,087,839 shares of the textile maker's stock worth $121,632,000 after acquiring an additional 183,935 shares in the last quarter. Finally, Armistice Capital LLC purchased a new stake in shares of Deckers Outdoor in the first quarter worth $9,111,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Down 0.6%

NYSE:DECK traded down $0.65 during mid-day trading on Wednesday, reaching $114.76. The company's stock had a trading volume of 436,778 shares, compared to its average volume of 3,329,906. The firm has a market capitalization 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 stock has a fifty day moving average of $108.21 and a 200-day moving average of $112.28. Deckers Outdoor Corporation has a 1 year low of $93.72 and a 1 year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, beating analysts' consensus estimates 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 revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.52 EPS. 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 year.

Deckers Outdoor declared that its Board of Directors has initiated a share repurchase program on Thursday, May 22nd that permits the company to repurchase $2.25 billion in outstanding 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 leadership believes its shares are undervalued.

Insider Activity

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 value of $35,406.00. Following the transaction, the director directly owned 10,979 shares in the company, valued at approximately $1,295,741.58. This trade represents a 2.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

DECK has been the subject of a number of research analyst reports. Evercore ISI increased their price objective on shares of Deckers Outdoor from $110.00 to $115.00 and gave the company an "in-line" rating in a report on Friday, July 25th. Wells Fargo & Company lifted their price target 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 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. Bank of America dropped their price objective on shares of Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Finally, 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. One 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. Based on data from MarketBeat.com, Deckers Outdoor has an average rating of "Hold" and a consensus price target of $137.50.

Deckers Outdoor 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.