Carlson Capital L.P. Buys Shares of 2,500 Deckers Outdoor Corporation $DECK

Key Points

• Carlson Capital L.P. acquired a new stake by purchasing 2,500 shares of Deckers Outdoor Corporation, valued at approximately $280,000, during the first quarter.
• Deckers Outdoor's latest quarterly earnings beat expectations, reporting $0.93 EPS against an estimate of $0.68, with revenues reaching $964.54 million, a 16.9% increase from the previous year.
• The company has initiated a substantial $2.25 billion stock repurchase program, indicating management's belief that its stock is currently undervalued.

Carlson Capital L.P. purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,500 shares of the textile maker's stock, valued at approximately $280,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $26,000. Vega Investment Solutions bought a new position in shares of Deckers Outdoor in the 4th quarter worth $29,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Deckers Outdoor in the 1st quarter worth $34,000. Fourth Dimension Wealth LLC bought a new position in shares of Deckers Outdoor in the 4th quarter worth $41,000. Finally, Itau Unibanco Holding S.A. increased its holdings in shares of Deckers Outdoor by 352.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock worth $44,000 after buying an additional 169 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $113.70 on Wednesday. The firm has a 50-day simple moving average of $104.70 and a two-hundred day simple moving average of $114.70. The firm has a market cap of $16.87 billion, a P/E ratio of 17.44, a P/E/G ratio of 4.29 and a beta of 0.99. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week 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. 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 quarter last year, the firm posted $4.52 earnings per share. The firm's revenue was up 16.9% compared to the same quarter last year. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, equities 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 share buyback program on Thursday, May 22nd that authorizes the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization authorizes the textile maker to purchase up to 11.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

DECK has been the subject of a number of research reports. Evercore ISI upped their price objective on shares of Deckers Outdoor from $110.00 to $115.00 and gave the company an "in-line" rating in a research note on Friday, July 25th. KeyCorp reaffirmed a "sector weight" rating and issued a $150.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 23rd. Raymond James Financial upped their price objective on shares of Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. Needham & Company LLC reissued a "buy" rating and set a $128.00 price target (up previously from $120.00) on shares of Deckers Outdoor in a research report on Wednesday, July 23rd. Finally, Cowen reissued a "buy" rating on shares of Deckers Outdoor in a research report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $137.50.

Insider Buying and Selling

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 value of $32,724.00. Following the transaction, the director directly owned 10,681 shares in the company, valued at approximately $1,165,083.48. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Angela Ogbechie sold 6,244 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $103.89, for a total transaction of $648,689.16. Following the completion of the transaction, the insider owned 19,980 shares in the company, valued at approximately $2,075,722.20. The trade was a 23.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

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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