Deckers Outdoor Corporation $DECK Shares Sold by Hancock Whitney Corp

Key Points

• Hancock Whitney Corp reduced its holdings in Deckers Outdoor Corporation by 6.2%, selling 3,949 shares, leading to total holdings valued at $6,648,000.
• Several large investors increased their shares in Deckers Outdoor during the first quarter, including DnB Asset Management AS, which grew its stake by 27.6% to over 430,000 shares.
• Deckers Outdoor's recent earnings report showed an EPS of $0.93, exceeding estimates, and the company initiated a share buyback program worth $2.25 billion, indicating confidence in its stock valuation.

Hancock Whitney Corp cut its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 6.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 59,455 shares of the textile maker's stock after selling 3,949 shares during the period. Hancock Whitney Corp's holdings in Deckers Outdoor were worth $6,648,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. DnB Asset Management AS grew its position in shares of Deckers Outdoor by 27.6% in the first quarter. DnB Asset Management AS now owns 430,827 shares of the textile maker's stock valued at $48,171,000 after purchasing an additional 93,097 shares during the period. DoubleLine ETF Adviser LP purchased a new stake in Deckers Outdoor in the first quarter valued at approximately $393,000. Edmond DE Rothschild Holding S.A. increased its position in Deckers Outdoor by 86.8% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 239,975 shares of the textile maker's stock worth $26,832,000 after purchasing an additional 111,496 shares during the last quarter. EFG Asset Management North America Corp. raised its stake in Deckers Outdoor by 11.4% during the first quarter. EFG Asset Management North America Corp. now owns 18,192 shares of the textile maker's stock worth $2,034,000 after purchasing an additional 1,868 shares during the period. Finally, Clark Capital Management Group Inc. boosted its holdings in shares of Deckers Outdoor by 68.8% in the 1st quarter. Clark Capital Management Group Inc. now owns 431,941 shares of the textile maker's stock valued at $48,295,000 after purchasing an additional 176,104 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DECK. UBS Group upped their price objective on Deckers Outdoor from $144.00 to $158.00 and gave the stock a "buy" rating in a report on Friday, July 25th. KeyCorp restated a "sector weight" rating and set a $150.00 price target on shares of Deckers Outdoor in a research note on Friday, May 23rd. Truist Financial raised their price objective on Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Robert W. Baird boosted their target price on Deckers Outdoor from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, Cowen reissued a "buy" rating on shares of Deckers Outdoor in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $137.50.

Deckers Outdoor Stock Up 0.5%

Shares of Deckers Outdoor stock opened at $123.48 on Thursday. The business has a 50-day moving average price of $106.97 and a 200 day moving average price of $113.45. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The firm has a market cap of $18.32 billion, a P/E ratio of 18.94, a P/E/G ratio of 4.54 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $901.45 million. During the same quarter in the previous year, the company 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. As a group, equities research analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

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

Insider Buying and Selling

In related news, Director Cindy L. Davis acquired 1,825 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was purchased at an average cost of $109.76 per share, for a total transaction of $200,312.00. Following the purchase, the director directly owned 13,340 shares in the company, valued at $1,464,198.40. This represents a 15.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $109.08, for a total transaction of $32,724.00. Following the transaction, the director directly owned 10,681 shares of the company's stock, valued at approximately $1,165,083.48. This trade represents a 2.73% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

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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