Deckers Outdoor Corporation $DECK Shares Bought by Titleist Asset Management LLC

Key Points

• Titleist Asset Management LLC substantially increased its stake in Deckers Outdoor Corporation by 657.9%, acquiring 12,144 additional shares, bringing its total holdings to 13,990 shares valued at $1.564 million.
• Deckers Outdoor's stock price has shown a 1.2% increase, with a market capitalization of $17.74 billion and recent quarterly earnings of $0.93 per share, exceeding analyst expectations.
• The company authorized a significant $2.25 billion share repurchase plan to buy back up to 11.7% of its outstanding shares, indicating potential confidence in its stock valuation.

Titleist Asset Management LLC lifted its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 657.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,990 shares of the textile maker's stock after purchasing an additional 12,144 shares during the quarter. Titleist Asset Management LLC's holdings in Deckers Outdoor were worth $1,564,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Revolve Wealth Partners LLC purchased a new position in Deckers Outdoor in the fourth quarter valued at $247,000. Kovitz Investment Group Partners LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter worth about $427,000. Schonfeld Strategic Advisors LLC grew its position in shares of Deckers Outdoor by 21.2% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 3,813 shares of the textile maker's stock valued at $774,000 after acquiring an additional 668 shares during the period. Utah Retirement Systems grew its position in shares of Deckers Outdoor by 0.4% during the 4th quarter. Utah Retirement Systems now owns 25,136 shares of the textile maker's stock valued at $5,105,000 after acquiring an additional 100 shares during the period. Finally, Voleon Capital Management LP purchased a new position in shares of Deckers Outdoor in the 4th quarter valued at about $382,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on DECK shares. Wells Fargo & Company increased their price target 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. Truist Financial increased their target price on Deckers Outdoor from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Raymond James Financial lifted their price target on shares of Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. UBS Group upped their price objective on shares of Deckers Outdoor from $144.00 to $158.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Argus assumed coverage on shares of Deckers Outdoor in a report on Friday, June 13th. They set a "hold" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $137.50.

Deckers Outdoor Price Performance

DECK traded up $3.18 on Tuesday, reaching $122.81. 3,263,780 shares of the company's stock were exchanged, compared to its average volume of 3,365,434. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98. The stock has a market cap of $18.22 billion, a PE ratio of 18.84, a P/E/G ratio of 4.54 and a beta of 1.05. The stock's fifty day moving average price is $106.52 and its 200-day moving average price is $113.38.

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

Deckers Outdoor announced that its board has authorized a stock repurchase plan 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 plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $109.08, for a total value of $32,724.00. Following the completion of the sale, the director owned 10,681 shares of the company's stock, valued at approximately $1,165,083.48. This represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Cindy L. Davis acquired 1,825 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were purchased 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 of the company's stock, valued at $1,464,198.40. The trade was a 15.85% increase in their position. The disclosure for this purchase can be found here. 0.40% of the stock is owned by corporate insiders.

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.