Deckers Outdoor Corporation $DECK Shares Acquired by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its holdings in Deckers Outdoor Corporation by 37.0%, owning 135,224 shares worth approximately $15.1 million as of the latest SEC filing.
• Deckers Outdoor's stock performance showed a significant recovery with a recent quarterly EPS of $0.93, exceeding expectations, and a 16.9% year-over-year revenue increase to $964.54 million.
• The company has authorized a $2.25 billion share repurchase plan, indicating the board's belief that the stock is undervalued, allowing for the repurchase of up to 11.7% of its shares.

Gotham Asset Management LLC raised its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 37.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,224 shares of the textile maker's stock after acquiring an additional 36,539 shares during the quarter. Gotham Asset Management LLC owned approximately 0.09% of Deckers Outdoor worth $15,119,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Marks Group Wealth Management Inc grew its position in shares of Deckers Outdoor by 15.4% in the first quarter. Marks Group Wealth Management Inc now owns 62,902 shares of the textile maker's stock valued at $7,033,000 after purchasing an additional 8,410 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Deckers Outdoor by 17.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock valued at $1,997,000 after purchasing an additional 2,706 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Deckers Outdoor by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker's stock valued at $116,310,000 after purchasing an additional 39,211 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of Deckers Outdoor by 32.3% in the first quarter. Park Avenue Securities LLC now owns 26,929 shares of the textile maker's stock valued at $3,011,000 after purchasing an additional 6,569 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Deckers Outdoor by 17.7% in the first quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock valued at $65,716,000 after purchasing an additional 88,179 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

DECK has been the subject of a number of analyst reports. Telsey Advisory Group restated a "market perform" rating and issued a $120.00 price target on shares of Deckers Outdoor in a research report on Friday, July 25th. Raymond James Financial increased their price objective 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. TD Securities increased their price objective on Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. The Goldman Sachs Group lowered their price objective on Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating for the company in a research report on Tuesday, July 22nd. Finally, Wells Fargo & Company increased their price objective 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. One research 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. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $137.50.

Deckers Outdoor Stock Performance

Shares of DECK traded down $1.11 during midday trading on Wednesday, hitting $114.30. 1,261,395 shares of the stock were exchanged, compared to its average volume of 3,333,732. Deckers Outdoor Corporation has a 52-week low of $93.72 and a 52-week high of $223.98. The stock has a fifty day simple moving average of $108.21 and a 200 day simple moving average of $112.28. The firm has a market cap of $16.96 billion, a P/E ratio of 17.53, a P/E/G ratio of 4.42 and a beta of 1.05.

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

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

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the 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 sale, the director directly owned 10,979 shares in the company, valued at approximately $1,295,741.58. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company's stock.

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.