Deckers Outdoor Corporation $DECK Shares Sold by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D has reduced its stake in Deckers Outdoor Corporation by 6.7%, now holding 51,131 shares valued at $5.7 million.
• Deckers Outdoor reported a 16.9% increase in revenue year-over-year, achieving $964.54 million in the latest quarter, and earnings per share of $0.93, surpassing expectations.
• The company has authorized a $2.25 billion share buyback plan which allows for the repurchase of up to 11.7% of its shares, indicating confidence in its stock value.

State of New Jersey Common Pension Fund D reduced its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,131 shares of the textile maker's stock after selling 3,701 shares during the period. State of New Jersey Common Pension Fund D's holdings in Deckers Outdoor were worth $5,717,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DECK. Mpwm Advisory Solutions LLC purchased a new position in shares of Deckers Outdoor during the 4th quarter worth about $26,000. Vega Investment Solutions purchased a new position in shares of Deckers Outdoor during the 4th quarter worth about $29,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Deckers Outdoor during the 1st quarter worth about $34,000. Fourth Dimension Wealth LLC purchased a new position in shares of Deckers Outdoor during the 4th quarter worth about $41,000. Finally, Itau Unibanco Holding S.A. lifted its holdings in shares of Deckers Outdoor by 352.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock worth $44,000 after acquiring an additional 169 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm'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 transaction of $32,724.00. Following the completion of the sale, the director 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cindy L. Davis purchased 1,825 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were bought at an average cost of $109.76 per share, with a total value of $200,312.00. Following 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 position. The disclosure for this purchase can be found here. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Trading Up 4.1%

NYSE:DECK traded up $4.2630 during trading hours on Friday, hitting $108.9530. The stock had a trading volume of 2,456,777 shares, compared to its average volume of 2,765,302. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98. The business has a 50 day simple moving average of $104.29 and a two-hundred day simple moving average of $115.09. The company has a market cap of $16.16 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 4.14 and a beta of 0.99.

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 net margin of 19.42% and a return on equity of 40.49%. The company had revenue of $964.54 million during the quarter, compared to the consensus estimate of $901.45 million. During the same quarter last year, the company earned $4.52 earnings per share. Deckers Outdoor's revenue for the quarter was up 16.9% on a year-over-year basis. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Research analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

DECK has been the subject of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and set a $128.00 target price (up previously from $120.00) on shares of Deckers Outdoor in a research report on Wednesday, July 23rd. KeyCorp reissued a "sector weight" rating and set a $150.00 target price on shares of Deckers Outdoor in a research report on Friday, May 23rd. TD Securities increased their target price on shares of Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Cowen reissued a "buy" rating on shares of Deckers Outdoor in a research report on Tuesday, May 20th. Finally, Truist Financial increased their target price on shares of Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Deckers Outdoor currently 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.