Candriam S.C.A. Has $1.32 Million Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Candriam S.C.A. reduced its stake in Deckers Outdoor Corporation by 17.7%, holding 11,823 shares valued at approximately $1.32 million.
• Deckers Outdoor reported earnings of $0.93 per share, exceeding analyst expectations of $0.68, with revenue increasing 16.9% year-over-year to $964.54 million.
• The company has initiated a $2.25 billion share buyback plan, allowing for the repurchase of up to 11.7% of its outstanding shares, a move indicating potential undervaluation of the stock.

Candriam S.C.A. lessened its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 17.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,823 shares of the textile maker's stock after selling 2,536 shares during the quarter. Candriam S.C.A.'s holdings in Deckers Outdoor were worth $1,322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Deckers Outdoor by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker's stock valued at $1,984,339,000 after purchasing an additional 107,635 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Deckers Outdoor by 6.2% in the 1st quarter. Northern Trust Corp now owns 1,680,558 shares of the textile maker's stock valued at $187,903,000 after purchasing an additional 98,856 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Deckers Outdoor by 11.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,149 shares of the textile maker's stock valued at $289,027,000 after purchasing an additional 145,794 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Deckers Outdoor by 15.8% in the 1st quarter. Wellington Management Group LLP now owns 1,273,666 shares of the textile maker's stock valued at $142,409,000 after purchasing an additional 173,430 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Deckers Outdoor by 11.0% in the 1st quarter. Deutsche Bank AG now owns 1,237,748 shares of the textile maker's stock valued at $138,393,000 after purchasing an additional 123,009 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $108.9530 on Friday. The company's 50 day simple moving average is $104.29 and its 200 day simple moving average is $115.49. 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 capitalization of $16.16 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 4.14 and a beta of 0.99.

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 for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The firm had revenue of $964.54 million for the quarter, compared to analyst estimates of $901.45 million. During the same quarter in the previous year, the firm posted $4.52 earnings per share. The business'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. As a group, analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor announced that its board has initiated a share buyback plan on Thursday, May 22nd that allows the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization allows the textile maker to purchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Cindy L. Davis purchased 1,825 shares of the business's stock in a transaction on Friday, June 6th. The shares were purchased at an average price of $109.76 per share, with a total value of $200,312.00. Following the completion of the purchase, the director owned 13,340 shares in the company, valued at $1,464,198.40. This represents a 15.85% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Angela Ogbechie sold 6,244 shares of Deckers Outdoor stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $103.89, for a total transaction of $648,689.16. Following the completion of the transaction, the insider directly owned 19,980 shares in the company, valued at approximately $2,075,722.20. The trade was a 23.81% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Cowen reaffirmed a "buy" rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. UBS Group raised their target price on shares of Deckers Outdoor from $144.00 to $158.00 and gave the company a "buy" rating in a research note on Friday, July 25th. The Goldman Sachs Group reduced their target price on shares of Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating on the stock in a research note on Tuesday, July 22nd. TD Securities raised their target price on shares of Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, KeyCorp reissued a "sector weight" rating and set a $150.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.

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