Parallel Advisors LLC Sells 3,118 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Parallel Advisors LLC reduced its stake in Deckers Outdoor Corporation by 30.5% during Q2, owning 7,102 shares valued at approximately $732,000.
• Deckers Outdoor reported a significant quarterly earnings increase with earnings per share of $0.93, exceeding analyst expectations, and revenue of $964.54 million, a 16.9% year-over-year increase.
• The company's board has initiated a $2.25 billion stock repurchase program, allowing the buyback of up to 11.7% of its shares, indicating potential confidence in the stock's valuation.

Parallel Advisors LLC trimmed its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 30.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,102 shares of the textile maker's stock after selling 3,118 shares during the period. Parallel Advisors LLC's holdings in Deckers Outdoor were worth $732,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. RB Capital Management LLC raised its holdings in shares of Deckers Outdoor by 7.8% during the second quarter. RB Capital Management LLC now owns 10,569 shares of the textile maker's stock worth $1,089,000 after purchasing an additional 762 shares during the period. AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of Deckers Outdoor during the first quarter worth $642,000. Swedbank AB raised its holdings in shares of Deckers Outdoor by 1,038.9% during the first quarter. Swedbank AB now owns 758,683 shares of the textile maker's stock worth $84,828,000 after purchasing an additional 692,065 shares during the period. Voya Investment Management LLC raised its holdings in shares of Deckers Outdoor by 1.1% during the first quarter. Voya Investment Management LLC now owns 114,529 shares of the textile maker's stock worth $12,805,000 after purchasing an additional 1,270 shares during the period. Finally, Inspire Investing LLC raised its holdings in shares of Deckers Outdoor by 120.4% during the first quarter. Inspire Investing LLC now owns 2,792 shares of the textile maker's stock worth $312,000 after purchasing an additional 1,525 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the transaction, the director owned 10,979 shares of the company's stock, valued at $1,295,741.58. This represents a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Stock Down 1.4%

Shares of DECK traded down $1.61 on Friday, hitting $113.82. The company's stock had a trading volume of 4,543,723 shares, compared to its average volume of 2,480,979. The firm's fifty day moving average price is $110.11 and its 200-day moving average price is $111.22. 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 capitalization of $16.88 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 4.35 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) 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 analyst estimates of $901.45 million. During the same period in the previous year, the firm earned $4.52 EPS. Deckers Outdoor's quarterly revenue was up 16.9% compared to the same quarter last year. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, equities analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $128.00 price objective (up previously from $120.00) on shares of Deckers Outdoor in a report on Wednesday, July 23rd. Robert W. Baird increased their price objective on shares of Deckers Outdoor from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Wells Fargo & Company increased their price objective 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. Truist Financial increased their price objective on shares of Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Evercore ISI increased their price objective on shares of Deckers Outdoor from $110.00 to $115.00 and gave the stock an "in-line" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Deckers Outdoor currently has an average rating of "Hold" and a consensus target price of $135.89.

About Deckers Outdoor

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.