Cookson Peirce & Co. Inc. Has $290,000 Stock Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Cookson Peirce & Co. Inc. significantly reduced its holdings in Deckers Outdoor Corporation by 99.3%, selling 359,459 shares and retaining only 2,590 shares valued at $290,000 as of the latest SEC filing.
• Deckers Outdoor reported strong earnings, with $0.93 earnings per share surpassing expectations, and a year-over-year revenue increase of 16.9%.
• The company has authorized a stock buyback plan of $2.25 billion to repurchase up to 11.7% of its shares, reflecting confidence in the stock's value.

Cookson Peirce & Co. Inc. lowered its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 99.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,590 shares of the textile maker's stock after selling 359,459 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in Deckers Outdoor were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Revolve Wealth Partners LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $247,000. Rockefeller Capital Management L.P. bought a new stake in shares of Deckers Outdoor during the fourth quarter valued at approximately $3,567,000. Mariner LLC increased its position in shares of Deckers Outdoor by 9.3% during the fourth quarter. Mariner LLC now owns 59,991 shares of the textile maker's stock valued at $12,184,000 after purchasing an additional 5,099 shares during the period. Regal Investment Advisors LLC bought a new stake in Deckers Outdoor in the fourth quarter valued at $270,000. Finally, NewEdge Advisors LLC grew its position in Deckers Outdoor by 5.7% in the fourth quarter. NewEdge Advisors LLC now owns 9,351 shares of the textile maker's stock valued at $1,899,000 after acquiring an additional 507 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Deckers Outdoor

In related news, insider Angela Ogbechie sold 6,244 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the sale, the insider directly 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 through the SEC website. Also, Director Cindy L. Davis bought 1,825 shares of the business's stock in a transaction dated Friday, June 6th. The shares were bought at an average price of $109.76 per share, with a total value of $200,312.00. Following the completion of the transaction, the director owned 13,340 shares in the company, valued at approximately $1,464,198.40. This trade 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 corporate insiders.

Deckers Outdoor Trading Down 0.1%

Shares of NYSE DECK traded down $0.1390 during mid-day trading on Tuesday, reaching $105.4410. 1,707,565 shares of the company's stock were exchanged, compared to its average volume of 3,401,999. The firm has a market capitalization of $15.64 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 3.91 and a beta of 0.99. The business has a fifty day simple moving average of $104.37 and a 200 day simple moving average of $116.92. 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 announced its earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The business had revenue of $964.54 million for the quarter, compared to analyst estimates of $901.45 million. During the same quarter last year, the firm earned $4.52 EPS. Deckers Outdoor's revenue for the quarter 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. Equities research analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor declared that its Board of Directors has initiated a share repurchase program on Thursday, May 22nd that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the textile maker to reacquire up to 11.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DECK shares. Evercore ISI upped their price target on Deckers Outdoor from $110.00 to $115.00 and gave the company an "in-line" rating in a research report on Friday, July 25th. Barclays increased their target price on Deckers Outdoor from $128.00 to $134.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. TD Securities upped their price target on Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. KeyCorp reaffirmed a "sector weight" rating and set a $150.00 price target on shares of Deckers Outdoor in a research note on Friday, May 23rd. Finally, KGI Securities raised Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Deckers Outdoor currently 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.