Dimensional Fund Advisors LP Has $126.38 Million Stock Position in Deckers Outdoor Corporation $DECK

Key Points

• Dimensional Fund Advisors LP increased its stake in Deckers Outdoor Corporation by 8.9% during Q1, owning approximately 1,130,461 shares valued at $126.38 million.
• Multiple institutional investors made significant moves, with Federated Hermes Inc. raising its position by a staggering 1,998.7%, and now owning 1,163,977 shares.
• Deckers reported a quarterly EPS of $0.93, exceeding estimates, alongside a revenue of $964.54 million, marking a 16.9% year-over-year increase.

Dimensional Fund Advisors LP lifted its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 8.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,130,461 shares of the textile maker's stock after acquiring an additional 92,068 shares during the period. Dimensional Fund Advisors LP owned about 0.74% of Deckers Outdoor worth $126,380,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DECK. Federated Hermes Inc. raised its position in shares of Deckers Outdoor by 1,998.7% during the 1st quarter. Federated Hermes Inc. now owns 1,163,977 shares of the textile maker's stock valued at $130,144,000 after acquiring an additional 1,108,516 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Deckers Outdoor during the 1st quarter valued at approximately $97,935,000. Pacer Advisors Inc. increased its position in Deckers Outdoor by 4,770.0% in the first quarter. Pacer Advisors Inc. now owns 641,082 shares of the textile maker's stock worth $71,679,000 after buying an additional 627,918 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Deckers Outdoor by 204.8% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker's stock worth $180,674,000 after buying an additional 597,743 shares during the period. Finally, AMF Tjanstepension AB increased its position in Deckers Outdoor by 1,037.7% in the first quarter. AMF Tjanstepension AB now owns 596,735 shares of the textile maker's stock worth $66,721,000 after buying an additional 544,283 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Trading Up 2.8%

DECK stock traded up $3.16 during trading hours on Wednesday, hitting $116.85. 2,714,451 shares of the stock traded hands, compared to its average volume of 2,576,107. The stock has a 50-day simple moving average of $105.02 and a 200 day simple moving average of $114.71. Deckers Outdoor Corporation has a one year low of $93.72 and a one year high of $223.98. The company has a market cap of $17.33 billion, a P/E ratio of 17.92, a P/E/G ratio of 4.32 and a beta of 0.99.

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 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 business had revenue of $964.54 million during the quarter, compared to analysts' expectations of $901.45 million. During the same quarter last year, the business posted $4.52 earnings per share. The company's quarterly revenue was up 16.9% on a year-over-year basis. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

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

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $109.08, for a total transaction of $32,724.00. Following the completion of the transaction, the director owned 10,681 shares of the company's stock, valued at $1,165,083.48. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the transaction, the insider owned 19,980 shares of the company's stock, valued at $2,075,722.20. This trade represents a 23.81% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on DECK shares. The Goldman Sachs Group dropped their target price on Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating on the stock in a research report on Tuesday, July 22nd. Bank of America dropped 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. TD Securities increased their target price on Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. KeyCorp reaffirmed a "sector weight" rating and issued a $150.00 target price on shares of Deckers Outdoor in a research report on Friday, May 23rd. Finally, KGI Securities raised Deckers Outdoor to a "hold" rating in a report on Monday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $137.50.

Deckers Outdoor 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.