Armistice Capital LLC Makes New $9.11 Million Investment in Deckers Outdoor Corporation $DECK

Key Points

• Armistice Capital LLC has made a new investment of approximately $9.11 million in Deckers Outdoor Corporation, acquiring 81,486 shares which constitute around 0.05% of the company's stock.
• Deckers Outdoor saw a 16.9% year-over-year increase in quarterly revenue, reporting $964.54 million and beat earnings expectations with $0.93 EPS compared to the consensus estimate of $0.68.
• The company has authorized a $2.25 billion stock buyback program, allowing it to repurchase up to 11.7% of its stock, indicating that the board believes the stock is undervalued.

Armistice Capital LLC bought a new position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 81,486 shares of the textile maker's stock, valued at approximately $9,111,000. Armistice Capital LLC owned about 0.05% of Deckers Outdoor as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new position in Deckers Outdoor in the 4th quarter worth about $26,000. Vega Investment Solutions purchased a new position in Deckers Outdoor in the 4th quarter worth about $29,000. Mountain Hill Investment Partners Corp. purchased a new position in Deckers Outdoor in the 1st quarter worth about $34,000. Fourth Dimension Wealth LLC purchased a new position in Deckers Outdoor in the 4th quarter worth about $41,000. Finally, Itau Unibanco Holding S.A. increased its position in shares of Deckers Outdoor by 352.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock valued at $44,000 after purchasing an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Insider Buying and Selling

In related news, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 19,980 shares of the company's stock, valued at approximately $2,075,722.20. This represents a 23.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $109.08, for a total value of $32,724.00. Following the completion of the transaction, the director owned 10,681 shares of the company's stock, valued at $1,165,083.48. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Trading Up 1.2%

Deckers Outdoor stock opened at $119.61 on Friday. The firm has a 50 day moving average of $105.72 and a 200 day moving average of $113.88. The firm has a market capitalization of $17.74 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 4.54 and a beta of 0.99. Deckers Outdoor Corporation has a 12-month low of $93.72 and a 12-month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its 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. The company had revenue of $964.54 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor declared that its board has authorized a stock buyback program on Thursday, May 22nd that allows the company to repurchase $2.25 billion in shares. This repurchase authorization allows the textile maker to repurchase up to 11.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DECK shares. Wells Fargo & Company upped their price target on shares of Deckers Outdoor from $90.00 to $100.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Bank of America reduced their price target on shares of Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Truist Financial upped their price target 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. 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 research report on Friday, July 25th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $120.00 price target on shares of Deckers Outdoor in a research report on Friday, July 25th. One 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $137.50.

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.

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