Bosman Wealth Management LLC Raises Stake in Deckers Outdoor Corporation $DECK

Key Points

• Bosman Wealth Management LLC increased its stake in Deckers Outdoor Corporation by 17.8% in the second quarter, now holding 18,668 shares worth approximately $1.9 million.
• Deckers Outdoor recently reported earnings of $0.93 per share, surpassing expectations, with revenues of $964.54 million for the quarter, reflecting a 16.9% year-over-year increase.
• Despite the positive earnings report, analysts have mixed ratings, with one firm downgrading the target price to $87.00 and others maintaining a consensus "Hold" rating with an average target price of $136.32.

Bosman Wealth Management LLC boosted its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 17.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,668 shares of the textile maker's stock after buying an additional 2,819 shares during the quarter. Deckers Outdoor makes up approximately 1.7% of Bosman Wealth Management LLC's portfolio, making the stock its 24th biggest position. Bosman Wealth Management LLC's holdings in Deckers Outdoor were worth $1,924,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DECK. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Deckers Outdoor during the first quarter valued at approximately $34,000. Olde Wealth Management LLC purchased a new stake in shares of Deckers Outdoor during the first quarter valued at approximately $47,000. Banque Transatlantique SA purchased a new stake in shares of Deckers Outdoor during the first quarter valued at approximately $51,000. Costello Asset Management INC purchased a new stake in shares of Deckers Outdoor during the first quarter valued at approximately $78,000. Finally, Park Place Capital Corp boosted its stake in shares of Deckers Outdoor by 14.9% during the second quarter. Park Place Capital Corp now owns 771 shares of the textile maker's stock valued at $81,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the transaction, the director directly owned 10,979 shares in the company, valued at $1,295,741.58. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by insiders.

Deckers Outdoor Trading Down 2.5%

DECK opened at $103.17 on Tuesday. The stock has a fifty day simple moving average of $111.14 and a two-hundred day simple moving average of $110.38. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. 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 posted its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.25. The business had revenue of $964.54 million during the quarter, compared to the consensus estimate of $901.45 million. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The firm's quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.52 earnings per share. 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.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DECK. The Goldman Sachs Group dropped their price objective on Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating for the company in a research note on Tuesday, July 22nd. Raymond James Financial upped their target price on Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a report on Friday, July 25th. Sanford C. Bernstein started coverage on Deckers Outdoor in a report on Thursday, September 18th. They set an "underperform" rating and a $100.00 target price for the company. Wells Fargo & Company upped their target price on Deckers Outdoor from $90.00 to $100.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $120.00 target price on shares of Deckers Outdoor in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Deckers Outdoor currently has a consensus rating of "Hold" and a consensus target price of $136.32.

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.

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