Deckers Outdoor Corporation $DECK Shares Purchased by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. increased its stake in Deckers Outdoor Corporation by 22.9%, acquiring an additional 49,740 shares, bringing its total holdings to 267,075 shares worth approximately $29.86 million.
• Deckers reported earnings per share (EPS) of $0.93 for the latest quarter, exceeding analysts' expectations by $0.25, while revenue grew by 16.9% year-over-year to reach $964.54 million.
• The company has authorized a $2.25 billion share buyback program, indicating management's belief that its shares are currently undervalued.

Panagora Asset Management Inc. lifted its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 22.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,075 shares of the textile maker's stock after purchasing an additional 49,740 shares during the period. Panagora Asset Management Inc. owned about 0.18% of Deckers Outdoor worth $29,862,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Horizon Investments LLC raised its holdings in shares of Deckers Outdoor by 4.6% in the 1st quarter. Horizon Investments LLC now owns 2,179 shares of the textile maker's stock worth $244,000 after purchasing an additional 96 shares in the last quarter. Cumberland Partners Ltd raised its holdings in shares of Deckers Outdoor by 0.4% in the 1st quarter. Cumberland Partners Ltd now owns 27,991 shares of the textile maker's stock worth $3,130,000 after purchasing an additional 98 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $26,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Deckers Outdoor by 0.8% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,106 shares of the textile maker's stock worth $1,913,000 after purchasing an additional 140 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Deckers Outdoor by 1.9% in the 4th quarter. Captrust Financial Advisors now owns 7,505 shares of the textile maker's stock worth $1,524,000 after purchasing an additional 143 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

Shares of DECK opened at $119.61 on Friday. The company's 50 day moving average price is $105.72 and its 200 day moving average price is $113.88. Deckers Outdoor Corporation has a 52 week low of $93.72 and a 52 week high of $223.98. The company has a market capitalization of $17.74 billion, a PE ratio of 18.35, a PEG ratio of 4.54 and a beta of 0.99.

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

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

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction that occurred on 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 directly owned 10,681 shares of the company's stock, valued at $1,165,083.48. The trade was a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Cindy L. Davis bought 1,825 shares of the firm's stock in a transaction on Friday, June 6th. The stock was acquired at an average cost of $109.76 per share, with a total value of $200,312.00. Following the completion of the transaction, the director directly owned 13,340 shares of the company's stock, valued at approximately $1,464,198.40. This represents a 15.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.40% of the company's stock.

Analyst Ratings Changes

DECK has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Deckers Outdoor from $90.00 to $100.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Barclays lifted their target price on shares of Deckers Outdoor from $128.00 to $134.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. UBS Group lifted their target price 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. Cowen reissued a "buy" rating on shares of Deckers Outdoor in a research report on Tuesday, May 20th. Finally, Argus initiated coverage on shares of Deckers Outdoor in a research report on Friday, June 13th. They issued a "hold" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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.

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