Axiom Investors LLC DE Buys 260,417 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Axiom Investors LLC DE increased its stake in Deckers Outdoor Corporation by 114.1%, purchasing an additional 260,417 shares during the first quarter, bringing their total holdings to approximately 488,594 shares worth $54.63 million.
• Deckers Outdoor reported earnings of $0.93 per share in the latest quarter, exceeding analyst expectations, with revenues of $964.54 million, a 16.9% increase year-over-year.
• The company has authorized a stock repurchase plan allowing the buyback of up to $2.25 billion in shares, indicating management's belief that the stock is undervalued.

Axiom Investors LLC DE lifted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 114.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 488,594 shares of the textile maker's stock after acquiring an additional 260,417 shares during the period. Axiom Investors LLC DE owned approximately 0.32% of Deckers Outdoor worth $54,630,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jump Financial LLC increased its position in shares of Deckers Outdoor by 5,481.7% during the 1st quarter. Jump Financial LLC now owns 156,568 shares of the textile maker's stock worth $17,506,000 after purchasing an additional 153,763 shares in the last quarter. APG Asset Management N.V. acquired a new stake in shares of Deckers Outdoor during the 1st quarter worth about $1,566,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Deckers Outdoor by 57.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,361 shares of the textile maker's stock worth $935,000 after purchasing an additional 3,038 shares in the last quarter. Allstate Corp increased its position in shares of Deckers Outdoor by 67.6% during the 1st quarter. Allstate Corp now owns 7,325 shares of the textile maker's stock worth $819,000 after purchasing an additional 2,955 shares in the last quarter. Finally, Norinchukin Bank The increased its position in shares of Deckers Outdoor by 11.5% during the 1st quarter. Norinchukin Bank The now owns 6,415 shares of the textile maker's stock worth $717,000 after purchasing an additional 661 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the sale, the director owned 10,979 shares of the company's stock, valued at approximately $1,295,741.58. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Performance

DECK traded up $2.86 during trading on Thursday, reaching $116.99. 753,536 shares of the stock were exchanged, compared to its average volume of 3,322,584. The stock has a market cap of $17.35 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 4.35 and a beta of 1.05. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98. The stock's 50 day moving average price is $108.37 and its two-hundred day moving average price is $112.29.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, topping 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 firm's revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Equities research analysts predict 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 buy up to 11.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

DECK has been the subject of several research reports. Robert W. Baird raised 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. The Goldman Sachs Group lowered their price objective on shares of Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating for the company in a research report on Tuesday, July 22nd. Bank of America lowered 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 report on Thursday, July 17th. Evercore ISI raised their price objective on shares of Deckers Outdoor from $110.00 to $115.00 and gave the company an "in-line" rating in a research report on Friday, July 25th. Finally, Barclays raised 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $137.50.

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.