Atreides Management LP Grows Stock Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Atreides Management LP increased its position in Deckers Outdoor Corporation by 123.6%, acquiring a total of 1,078,693 shares, which now represent about 3.7% of their holdings.
• Deckers Outdoor has announced a $2.25 billion share repurchase program, highlighting management's belief that the stock is undervalued.
• Analysts have mixed reviews on Deckers Outdoor, with target prices ranging from $87.00 to $158.00 and a consensus rating of "Hold."

Atreides Management LP raised its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 123.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,078,693 shares of the textile maker's stock after purchasing an additional 596,359 shares during the quarter. Deckers Outdoor makes up approximately 3.7% of Atreides Management LP's holdings, making the stock its 8th biggest position. Atreides Management LP owned about 0.71% of Deckers Outdoor worth $120,609,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new position in Deckers Outdoor in the fourth quarter valued at about $26,000. Vega Investment Solutions acquired a new stake in shares of Deckers Outdoor in the fourth quarter worth about $29,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Deckers Outdoor in the first quarter worth about $34,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter worth about $41,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Deckers Outdoor in the first quarter worth about $47,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded down $3.54 during trading hours 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. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98. The stock has a market capitalization of $17.86 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 4.71 and a beta of 1.05. The company's 50-day moving average price is $107.73 and its 200-day moving average price is $113.00.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.25. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The firm had revenue of $964.54 million for the quarter, compared to analyst estimates of $901.45 million. During the same period in the previous year, the company posted $4.52 earnings per share. The company's quarterly 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, research analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Deckers Outdoor declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 22nd that permits the company to buyback $2.25 billion in outstanding shares. This buyback authorization permits the textile maker to repurchase up to 11.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Raymond James Financial boosted their price target on Deckers Outdoor from $123.00 to $137.00 and gave the stock a "strong-buy" rating in a research report on Friday, July 25th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $120.00 price target on shares of Deckers Outdoor in a research report on Friday, July 25th. KGI Securities raised Deckers Outdoor to a "hold" rating in a research report on Monday, May 26th. Barclays boosted their price target on Deckers Outdoor from $128.00 to $134.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Finally, Truist Financial boosted their price target on Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Deckers Outdoor presently has an average rating of "Hold" and a consensus 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.