Congress Asset Management Co. Buys 14,306 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Congress Asset Management Co. increased its stake in Deckers Outdoor Corporation by 2.0%, acquiring an additional 14,306 shares, bringing its total ownership to 715,228 shares valued at approximately $73.7 million.
• Deckers Outdoor reported earnings of $0.93 per share, exceeding consensus estimates, with a total revenue of $964.54 million for the quarter, up 16.9% year-over-year.
• Deckers Outdoor stock currently holds a market capitalization of $15.70 billion and has an average price target of $136.32 from analysts, indicating a generally positive outlook.

Congress Asset Management Co. raised its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 715,228 shares of the textile maker's stock after purchasing an additional 14,306 shares during the quarter. Congress Asset Management Co. owned 0.48% of Deckers Outdoor worth $73,719,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DECK. Mountain Hill Investment Partners Corp. bought a new position in shares of Deckers Outdoor during the 1st quarter worth about $34,000. Olde Wealth Management LLC bought a new position in shares of Deckers Outdoor during the 1st quarter worth about $47,000. Banque Transatlantique SA bought a new position in shares of Deckers Outdoor during the 1st quarter worth about $51,000. Costello Asset Management INC bought a new stake in Deckers Outdoor in the first quarter valued at about $78,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Deckers Outdoor by 23.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 822 shares of the textile maker's stock valued at $85,000 after acquiring an additional 158 shares during the period. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Trading Down 4.9%

Shares of Deckers Outdoor stock opened at $105.83 on Friday. The stock has a market capitalization of $15.70 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 4.20 and a beta of 1.05. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98. The firm's 50-day moving average price is $111.10 and its two-hundred day moving average price is $110.71.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, topping 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 company's quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm 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 predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the sale, the director owned 10,979 shares of the company's stock, valued at $1,295,741.58. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on DECK. Truist Financial upped their target price on shares of Deckers Outdoor from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Telsey Advisory Group reissued a "market perform" rating and issued a $120.00 target price on shares of Deckers Outdoor in a research note on Friday, July 25th. Barclays upped their target price on shares of Deckers Outdoor from $134.00 to $141.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. UBS Group upped 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. Finally, Wells Fargo & Company upped their target price on shares of Deckers Outdoor from $90.00 to $100.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $136.32.

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.

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