Belpointe Asset Management LLC Acquires 6,346 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Belpointe Asset Management LLC significantly increased its stake in Deckers Outdoor Corporation by 931.9%, acquiring 7,027 shares valued at approximately $786,000.
• Deckers reported a quarterly EPS of $0.93, exceeding analyst expectations and showing a revenue increase of 16.9% year-over-year, indicating strong financial performance.
• The company's Board of Directors approved a $2.25 billion share buyback plan, reflecting confidence in the company's stock value and potentially enhancing shareholder returns.

Belpointe Asset Management LLC boosted its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 931.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,027 shares of the textile maker's stock after buying an additional 6,346 shares during the quarter. Belpointe Asset Management LLC's holdings in Deckers Outdoor were worth $786,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marks Group Wealth Management Inc boosted its stake in 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 valued at $7,033,000 after acquiring an additional 8,410 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Deckers Outdoor by 17.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock worth $1,997,000 after buying an additional 2,706 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Deckers Outdoor by 3.9% during 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 buying an additional 39,211 shares during the period. Park Avenue Securities LLC boosted its position in shares of Deckers Outdoor by 32.3% during the first quarter. Park Avenue Securities LLC now owns 26,929 shares of the textile maker's stock worth $3,011,000 after buying an additional 6,569 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Deckers Outdoor by 17.7% during the first quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock worth $65,716,000 after buying an additional 88,179 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Trading Down 0.1%

NYSE:DECK traded down $0.11 during trading hours on Tuesday, hitting $118.55. 2,212,554 shares of the stock traded hands, compared to its average volume of 3,313,902. The firm has a 50 day moving average price of $109.12 and a 200 day moving average price of $111.41. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The firm has a market cap of $17.59 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 4.47 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its 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. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The company had revenue of $964.54 million for the quarter, compared to the consensus estimate of $901.45 million. During the same period in the previous year, the business earned $4.52 EPS. The company's revenue was up 16.9% on a year-over-year basis. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Research analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor declared that its board has approved a stock repurchase plan on Thursday, May 22nd that authorizes the company to buyback $2.25 billion in outstanding shares. This buyback authorization authorizes the textile maker to purchase up to 11.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.

Insider Activity at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the transaction, the director directly owned 10,979 shares in the company, valued at $1,295,741.58. The trade was a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Cowen reissued a "buy" rating on shares of Deckers Outdoor in a report on Tuesday, May 20th. The Goldman Sachs Group dropped their target price on Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating on the stock in a report on Tuesday, July 22nd. Wells Fargo & Company upped their price target on Deckers Outdoor from $90.00 to $100.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Bank of America dropped their price target on Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Finally, TD Securities upped their price target on Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $137.89.

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.