Deckers Outdoor Corporation $DECK Shares Purchased by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC significantly increased its stake in Deckers Outdoor Corporation by purchasing an additional 29,244 shares, bringing its total holdings to 34,680 shares valued at approximately $3.88 million.
• Deckers Outdoor reported a net revenue of $964.54 million for the last quarter, exceeding analysts' expectations and marking a 16.9% increase year-over-year.
• The company recently announced a $2.25 billion stock repurchase plan, indicating confidence from the board in the company's stock value.

Campbell & CO Investment Adviser LLC boosted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 538.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,680 shares of the textile maker's stock after acquiring an additional 29,244 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Deckers Outdoor were worth $3,878,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Quantitative Investment Management LLC lifted its holdings in shares of Deckers Outdoor by 175.6% during the first quarter. Quantitative Investment Management LLC now owns 16,504 shares of the textile maker's stock worth $1,845,000 after purchasing an additional 10,515 shares during the period. Axiom Investors LLC DE raised its holdings in Deckers Outdoor by 114.1% during the first quarter. Axiom Investors LLC DE now owns 488,594 shares of the textile maker's stock worth $54,630,000 after purchasing an additional 260,417 shares in the last quarter. Jump Financial LLC lifted its position in Deckers Outdoor by 5,481.7% in the first quarter. Jump Financial LLC now owns 156,568 shares of the textile maker's stock valued at $17,506,000 after purchasing an additional 153,763 shares during the period. APG Asset Management N.V. purchased a new stake in Deckers Outdoor in the 1st quarter valued at approximately $1,566,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in 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 during the period. Institutional investors and hedge funds own 97.79% of the company's stock.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $109.08, for a total transaction 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. This represents a 2.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Cindy L. Davis acquired 1,825 shares of the business's stock in a transaction dated Friday, June 6th. The shares were bought at an average price of $109.76 per share, for a total transaction of $200,312.00. Following the completion of the acquisition, the director owned 13,340 shares in the company, valued at approximately $1,464,198.40. This trade represents a 15.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Performance

DECK stock traded up $1.49 during trading on Thursday, hitting $118.22. The stock had a trading volume of 2,349,088 shares, compared to its average volume of 3,370,096. The stock has a market cap of $17.54 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 4.32 and a beta of 0.99. The company's 50 day moving average price is $105.02 and its two-hundred day moving average price is $114.71. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year 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 for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. The business 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 company's revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, sell-side analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor declared that its Board of Directors has approved a stock repurchase program on Thursday, May 22nd that authorizes the company to buyback $2.25 billion in shares. This buyback authorization authorizes 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 board believes its stock is undervalued.

Analysts Set New Price Targets

DECK has been the subject of several recent analyst reports. KeyCorp reissued a "sector weight" rating and issued a $150.00 price target on shares of Deckers Outdoor in a report on Friday, May 23rd. Barclays upped their price target on shares of Deckers Outdoor from $128.00 to $134.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. KGI Securities upgraded shares of Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. Argus started coverage on shares of Deckers Outdoor in a research report on Friday, June 13th. They set a "hold" rating on the stock. Finally, Cowen reiterated a "buy" rating on shares of Deckers Outdoor in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.