Deckers Outdoor Corporation $DECK Shares Bought by Clark Capital Management Group Inc.

Key Points

• Clark Capital Management Group Inc. increased its stake in Deckers Outdoor Corporation by 68.8%, acquiring an additional 176,104 shares, bringing their total ownership to approximately 431,941 shares.
• Deckers Outdoor recently reported a 17.0% increase in revenue year-over-year, with earnings per share of $0.93, surpassing analysts' expectations of $0.68.
• The company has initiated a $2.25 billion stock buyback plan, allowing it to repurchase up to 11.7% of its stock, indicating confidence in its market value.

Clark Capital Management Group Inc. grew its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 68.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 431,941 shares of the textile maker's stock after purchasing an additional 176,104 shares during the quarter. Clark Capital Management Group Inc. owned approximately 0.28% of Deckers Outdoor worth $48,295,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new position in Deckers Outdoor in the fourth quarter valued at $26,000. Vega Investment Solutions purchased a new position in Deckers Outdoor in the fourth quarter valued at $29,000. Mountain Hill Investment Partners Corp. purchased a new position in Deckers Outdoor in the first quarter valued at $34,000. Fourth Dimension Wealth LLC purchased a new position in Deckers Outdoor in the fourth quarter valued at $41,000. Finally, Olde Wealth Management LLC purchased a new position in Deckers Outdoor in the first quarter valued at $47,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Raymond James Financial increased their price objective on shares of Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a report on Friday, July 25th. Evercore ISI upped their target price on shares of Deckers Outdoor from $110.00 to $115.00 and gave the stock an "in-line" rating in a report on Friday, July 25th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $120.00 target price on shares of Deckers Outdoor in a report on Friday, July 25th. Robert W. Baird upped their target price on shares of Deckers Outdoor from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, KeyCorp reissued a "sector weight" rating and issued a $150.00 price objective on shares of Deckers Outdoor in a report on Friday, May 23rd. One 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $137.50.

Deckers Outdoor Stock Performance

Shares of DECK traded down $3.54 during mid-day trading on Friday, hitting $120.37. 2,192,393 shares of the company's stock were exchanged, compared to its average volume of 2,465,278. The company has a market cap of $17.86 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 4.57 and a beta of 1.05. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The stock's 50-day moving average is $107.73 and its 200-day moving average is $112.72.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.25. The firm had revenue of $964.54 million for the quarter, compared to analysts' expectations of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The firm's revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, equities research analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 22nd that permits the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization permits the textile maker to reacquire up to 11.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Deckers Outdoor Company 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.