Deckers Outdoor Corporation $DECK Stake Boosted by Plato Investment Management Ltd

Key Points

• Plato Investment Management Ltd has increased its stake in Deckers Outdoor Corporation by 109.6% in the first quarter, now owning about $1.125 million worth of stock.
• Deckers reported an EPS of $0.93 for the last quarter, surpassing analyst expectations of $0.68, and its quarterly revenue rose 16.9% year-over-year.
• The company has authorized a stock buyback plan allowing repurchases of up to $2.25 billion, indicating management's belief that the stock is currently undervalued.

Plato Investment Management Ltd raised its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 109.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,954 shares of the textile maker's stock after purchasing an additional 5,205 shares during the period. Plato Investment Management Ltd's holdings in Deckers Outdoor were worth $1,125,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Deckers Outdoor by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker's stock worth $1,984,339,000 after buying an additional 107,635 shares during the last quarter. Northern Trust Corp lifted its holdings in Deckers Outdoor by 6.2% in 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 boosted its stake in Deckers Outdoor by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,520,461 shares of the textile maker's stock valued at $170,003,000 after acquiring an additional 97,312 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 valued at $289,027,000 after purchasing an additional 145,794 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of Deckers Outdoor by 46.5% during the 1st 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 purchasing an additional 447,734 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Down 1.0%

DECK stock opened at $114.30 on Thursday. The company has a 50-day simple moving average of $108.37 and a 200 day simple moving average of $112.29. The company has a market capitalization of $16.96 billion, a P/E ratio of 17.53, a PEG ratio of 4.35 and a beta of 1.05. 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 released its earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.68 by $0.25. The firm had revenue of $964.54 million for the quarter, compared to analysts' expectations of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. Deckers Outdoor's quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the company earned $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Equities analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DECK. Cowen restated a "buy" rating on shares of Deckers Outdoor in a research report on Tuesday, May 20th. Robert W. Baird raised their target price on Deckers Outdoor from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Argus initiated coverage on shares of Deckers Outdoor in a research report on Friday, June 13th. They set a "hold" rating for the company. UBS Group increased their price objective on shares of Deckers Outdoor from $144.00 to $158.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $120.00 target price on shares of Deckers Outdoor in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Deckers Outdoor has an average rating of "Hold" and a consensus price target of $137.50.

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 value of $35,406.00. Following the completion of the sale, the director directly owned 10,979 shares in the company, valued at $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by company 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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