Deckers Outdoor Corporation $DECK Stock Position Increased by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors LLC significantly increased its stake in Deckers Outdoor Corporation by acquiring an additional 12,895 shares, resulting in a total of 13,997 shares valued at approximately $1,565,000.
• Deckers Outdoor recently reported a strong earnings quarter with an EPS of $0.93, exceeding estimates, and a revenue of $964.54 million, up 16.9% year-over-year.
• The company has authorized a substantial $2.25 billion stock buyback plan, indicating the board's belief that its shares are currently undervalued.

Aptus Capital Advisors LLC grew its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 1,170.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,997 shares of the textile maker's stock after purchasing an additional 12,895 shares during the period. Aptus Capital Advisors LLC's holdings in Deckers Outdoor were worth $1,565,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DECK. Marks Group Wealth Management Inc boosted its position in shares of Deckers Outdoor by 15.4% in the first quarter. Marks Group Wealth Management Inc now owns 62,902 shares of the textile maker's stock worth $7,033,000 after acquiring an additional 8,410 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Deckers Outdoor by 17.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock worth $1,997,000 after acquiring an additional 2,706 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Deckers Outdoor by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker's stock worth $116,310,000 after acquiring an additional 39,211 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Deckers Outdoor by 32.3% in the first quarter. Park Avenue Securities LLC now owns 26,929 shares of the textile maker's stock worth $3,011,000 after acquiring an additional 6,569 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Deckers Outdoor by 17.7% in the first quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock worth $65,716,000 after acquiring an additional 88,179 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DECK. Telsey Advisory Group reissued a "market perform" rating and issued a $120.00 target price on shares of Deckers Outdoor in a research report on Friday, July 25th. Argus began coverage on shares of Deckers Outdoor in a research report on Friday, June 13th. They issued a "hold" rating on the stock. Evercore ISI raised their target price 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. KeyCorp reissued a "sector weight" rating and issued a $150.00 target price on shares of Deckers Outdoor in a research report on Friday, May 23rd. Finally, Citigroup cut their price target on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and one has assigned 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 Price Performance

DECK traded up $3.6790 during trading on Monday, hitting $112.7790. The company had a trading volume of 2,342,695 shares, compared to its average volume of 3,375,475. The company has a market cap of $16.73 billion, a PE ratio of 17.28, a P/E/G ratio of 4.14 and a beta of 0.99. The business has a 50-day moving average of $104.29 and a 200-day moving average of $115.09. 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 quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.25. The firm had revenue of $964.54 million for the quarter, compared to analysts' expectations of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The firm's quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Research analysts forecast 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 stock repurchase plan on Thursday, May 22nd that permits the company to buyback $2.25 billion in shares. This buyback authorization permits the textile maker to buy up to 11.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Insider Activity at Deckers Outdoor

In related news, insider Angela Ogbechie sold 6,244 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $103.89, for a total value of $648,689.16. Following the sale, the insider directly 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 legal filing with the SEC, which is accessible through this link. Also, Director Cindy L. Davis acquired 1,825 shares of the firm's stock in a transaction on Friday, June 6th. The stock was acquired 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 $1,464,198.40. This trade represents a 15.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by corporate insiders.

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.