UniSuper Management Pty Ltd Sells 72,408 Shares of Deckers Outdoor Corporation $DECK

Key Points

• UniSuper Management Pty Ltd reduced its holdings in Deckers Outdoor Corporation by 79.1%, selling 72,408 shares and leaving them with 19,111 shares valued at approximately $2.14 million.
• Analysts have varying outlooks on Deckers Outdoor, with target prices ranging from $114.00 to $175.00, reflecting a consensus "Hold" rating and an average target of $137.50.
• Deckers Outdoor has authorized a $2.25 billion stock buyback program, signaling confidence from management that the stock may be undervalued.

UniSuper Management Pty Ltd lowered its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 79.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,111 shares of the textile maker's stock after selling 72,408 shares during the quarter. UniSuper Management Pty Ltd's holdings in Deckers Outdoor were worth $2,137,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Deckers Outdoor by 0.6% during the first quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker's stock worth $1,984,339,000 after acquiring an additional 107,635 shares during the last quarter. Northern Trust Corp raised its position in shares of Deckers Outdoor by 6.2% during the first quarter. Northern Trust Corp now owns 1,680,558 shares of the textile maker's stock worth $187,903,000 after acquiring an additional 98,856 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Deckers Outdoor by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,149 shares of the textile maker's stock worth $289,027,000 after acquiring an additional 145,794 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Deckers Outdoor by 46.5% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,410,262 shares of the textile maker's stock worth $157,681,000 after acquiring an additional 447,734 shares during the last quarter. Finally, Amundi raised its position in shares of Deckers Outdoor by 24.7% during the first quarter. Amundi now owns 1,357,154 shares of the textile maker's stock worth $151,743,000 after acquiring an additional 268,803 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction dated 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 directly owned 10,979 shares of the company's stock, valued at $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DECK. Cowen reaffirmed a "buy" rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. Bank of America decreased their price objective on Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. TD Securities lifted their price objective on Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Raymond James Financial lifted their price objective on Deckers Outdoor from $123.00 to $137.00 and gave the stock a "strong-buy" rating in a research note on Friday, July 25th. Finally, Truist Financial lifted their price objective on Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $137.89.

Deckers Outdoor Trading Up 0.5%

Shares of DECK stock traded up $0.58 on Friday, hitting $118.45. 2,445,520 shares of the stock were exchanged, compared to its average volume of 2,441,291. The firm has a market capitalization of $17.57 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 4.45 and a beta of 1.05. The business has a 50-day moving average of $108.86 and a 200 day moving average of $111.74. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.25. The company had revenue of $964.54 million during the quarter, compared to analysts' expectations of $901.45 million. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.Deckers Outdoor's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, research analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

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

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.