Comerica Bank Purchases 4,095 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Comerica Bank increased its holdings in Deckers Outdoor Corporation by 8.7%, acquiring an additional 4,095 shares during the first quarter, bringing its total value to $5,745,000.
• Deckers Outdoor reported a quarterly earnings per share of $0.93, exceeding estimates, with revenue of $964.54 million, marking a 16.9% year-over-year increase.
• The Board of Directors of Deckers Outdoor has authorized a $2.25 billion stock buyback plan, indicating the company's belief that its stock is undervalued.

Comerica Bank grew its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 8.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,378 shares of the textile maker's stock after acquiring an additional 4,095 shares during the quarter. Comerica Bank's holdings in Deckers Outdoor were worth $5,745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Horizon Investments LLC lifted its position in Deckers Outdoor by 4.6% in the first quarter. Horizon Investments LLC now owns 2,179 shares of the textile maker's stock worth $244,000 after purchasing an additional 96 shares during the period. Cumberland Partners Ltd lifted its position in Deckers Outdoor by 0.4% in the first quarter. Cumberland Partners Ltd now owns 27,991 shares of the textile maker's stock worth $3,130,000 after purchasing an additional 98 shares during the period. Utah Retirement Systems lifted its position in Deckers Outdoor by 0.4% in the fourth quarter. Utah Retirement Systems now owns 25,136 shares of the textile maker's stock worth $5,105,000 after purchasing an additional 100 shares during the period. Mpwm Advisory Solutions LLC bought a new position in Deckers Outdoor in the fourth quarter worth $26,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Deckers Outdoor by 0.8% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,106 shares of the textile maker's stock worth $1,913,000 after purchasing an additional 140 shares during the period. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Up 1.2%

DECK stock traded up $1.47 during midday trading on Friday, reaching $119.61. The stock had a trading volume of 2,663,078 shares, compared to its average volume of 2,486,894. The business has a fifty day simple moving average of $105.72 and a two-hundred day simple moving average of $113.57. The firm has a market cap of $17.74 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 4.54 and a beta of 1.05. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98.

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

Deckers Outdoor declared that its board has authorized a share repurchase program on Thursday, May 22nd that allows the company to buyback $2.25 billion in outstanding shares. This buyback authorization allows the textile maker to repurchase up to 11.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Insider Activity

In other news, insider Angela Ogbechie sold 6,244 shares of Deckers Outdoor 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 transaction, the insider owned 19,980 shares in the company, valued at $2,075,722.20. The trade was a 23.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Cindy L. Davis bought 1,825 shares of the business's stock in a transaction on Friday, June 6th. The stock was purchased at an average price of $109.76 per share, for a total transaction of $200,312.00. Following the purchase, the director directly owned 13,340 shares in the company, valued at approximately $1,464,198.40. This represents a 15.85% increase in their position. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DECK has been the subject of a number of analyst reports. Truist Financial lifted their price objective on Deckers Outdoor from $130.00 to $145.00 and gave the company a "buy" rating in a report on Friday, July 25th. Raymond James Financial lifted their price objective on Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a report on Friday, July 25th. Needham & Company LLC restated a "buy" rating and issued a $128.00 target price (up from $120.00) on shares of Deckers Outdoor in a research note on Wednesday, July 23rd. Bank of America lowered their target price on Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Finally, UBS Group raised their target price on Deckers Outdoor from $144.00 to $158.00 and gave the company a "buy" rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $137.50.

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.