Busey Bank Makes New $9.84 Million Investment in Deckers Outdoor Corporation $DECK

Key Points

• Busey Bank has acquired a new stake in Deckers Outdoor Corporation, purchasing 95,441 shares worth approximately $9.84 million, representing about 0.06% of the company.
• Deckers Outdoor reported a strong quarterly earnings of $0.93 EPS, surpassing estimates of $0.68, alongside a revenue increase of 16.9% year-over-year.
• Analysts have mixed reviews for Deckers, with revisions in price targets, including a raise to $145 by Truist Financial, emphasizing a consensus rating of "Hold".

Busey Bank bought a new stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 95,441 shares of the textile maker's stock, valued at approximately $9,837,000. Busey Bank owned 0.06% of Deckers Outdoor as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Marks Group Wealth Management Inc lifted its holdings 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 buying an additional 8,410 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings 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 valued at $1,997,000 after purchasing an additional 2,706 shares during the period. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $116,310,000 after purchasing an additional 39,211 shares during the period. Park Avenue Securities LLC raised its holdings 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 valued at $3,011,000 after purchasing an additional 6,569 shares during the period. Finally, Principal Financial Group Inc. raised its holdings 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 valued at $65,716,000 after purchasing an additional 88,179 shares during the period. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Trading Down 0.4%

Shares of NYSE:DECK traded down $0.48 during trading on Monday, reaching $113.32. The company had a trading volume of 2,414,025 shares, compared to its average volume of 3,306,385. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98. The company has a fifty day moving average of $110.41 and a two-hundred day moving average of $110.81. The stock has a market capitalization of $16.81 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 4.29 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results 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 for 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 company's revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, equities research analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating on the stock in a report on Tuesday, July 22nd. Raymond James Financial upped their target price on shares of Deckers Outdoor from $123.00 to $137.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Telsey Advisory Group reiterated a "market perform" rating and set a $120.00 price target on shares of Deckers Outdoor in a research note on Friday, July 25th. Evercore ISI upped their price objective 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. Finally, Barclays increased their target price on shares of Deckers Outdoor from $134.00 to $141.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Deckers Outdoor currently has an average rating of "Hold" and an average price target of $135.89.

Insider Activity at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm'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 directly owned 10,979 shares of the company's stock, valued at approximately $1,295,741.58. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.40% of the company's stock.

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.