Deckers Outdoor Corporation $DECK Shares Sold by Central Pacific Bank Trust Division

Key Points

• Central Pacific Bank Trust Division has significantly reduced its position in Deckers Outdoor Corporation, decreasing its shares by 85.8% in the second quarter, leaving them with only 900 shares valued at $93,000.
• Deckers Outdoor reported earnings of $0.93 EPS for the last quarter, exceeding estimates, with a revenue of $964.54 million, marking a 16.9% increase year-over-year.
• The Board has approved a stock buyback program allowing for the repurchase of up to $2.25 billion in shares, indicating a belief that the stock is currently undervalued.

Central Pacific Bank Trust Division lessened its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 85.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 900 shares of the textile maker's stock after selling 5,435 shares during the quarter. Central Pacific Bank Trust Division's holdings in Deckers Outdoor were worth $93,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $26,000. Vega Investment Solutions purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $29,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Deckers Outdoor in the first quarter valued at approximately $34,000. Fourth Dimension Wealth LLC purchased a new stake in Deckers Outdoor during the fourth quarter worth $41,000. Finally, Olde Wealth Management LLC purchased a new stake in Deckers Outdoor during the first quarter worth $47,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on DECK. Bank of America decreased their target price on Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Wells Fargo & Company boosted their target price on Deckers Outdoor from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. KeyCorp restated a "sector weight" rating and issued a $150.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 23rd. Truist Financial upped their price objective on Deckers Outdoor from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, UBS Group upped their price objective on Deckers Outdoor from $144.00 to $158.00 and gave the company a "buy" rating in a research report on Friday, July 25th. One 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 given a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of "Hold" and a consensus target price of $137.89.

Deckers Outdoor Stock Performance

Deckers Outdoor stock traded down $0.11 during trading on Tuesday, hitting $118.55. The company's stock had a trading volume of 2,212,554 shares, compared to its average volume of 2,429,783. The stock has a market capitalization of $17.59 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 4.48 and a beta of 1.05. The stock's fifty day moving average is $109.38 and its 200 day moving average is $111.45. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.68 by $0.25. The firm 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 business's quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, research analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has approved a stock buyback program on Thursday, May 22nd that permits the company to buyback $2.25 billion in shares. This buyback authorization permits the textile maker to repurchase up to 11.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the transaction, the director directly owned 10,979 shares in the company, valued at approximately $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company's stock.

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.