Aberdeen Group plc Cuts Position in Deckers Outdoor Corporation $DECK

Key Points

• Aberdeen Group plc significantly reduced its stake in Deckers Outdoor Corporation by 61.3%, now holding 288,293 shares valued at $31.67 million.
• Insider transactions revealed that Director Cindy L. Davis purchased 1,825 shares, increasing her stake by 15.85%, while insider Angela Ogbechie sold 6,244 shares, decreasing her stake by 23.81%.
• Analysts have generally positive outlooks on Deckers Outdoor, with several firms raising their price targets, reflecting a consensus rating of "Hold" and a target price of $137.50.

Aberdeen Group plc cut its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 61.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 288,293 shares of the textile maker's stock after selling 457,561 shares during the quarter. Aberdeen Group plc owned about 0.19% of Deckers Outdoor worth $31,672,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Deckers Outdoor by 8.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,130,461 shares of the textile maker's stock worth $126,380,000 after acquiring an additional 92,068 shares during the last quarter. Horizon Investments LLC grew its holdings in shares of Deckers Outdoor by 4.6% during the 1st quarter. Horizon Investments LLC now owns 2,179 shares of the textile maker's stock worth $244,000 after purchasing an additional 96 shares during the period. Kovitz Investment Group Partners LLC grew its holdings in shares of Deckers Outdoor by 16.1% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 2,440 shares of the textile maker's stock worth $273,000 after purchasing an additional 339 shares during the period. Ground Swell Capital LLC purchased a new position in shares of Deckers Outdoor during the 1st quarter worth $249,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Deckers Outdoor during the 1st quarter worth $232,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DECK shares. Needham & Company LLC reiterated a "buy" rating and set a $128.00 price target (up from $120.00) on shares of Deckers Outdoor in a report on Wednesday, July 23rd. Cowen reiterated a "buy" rating on shares of Deckers Outdoor in a report on Tuesday, May 20th. TD Securities increased their price target on Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. KeyCorp restated a "sector weight" rating and set a $150.00 target price on shares of Deckers Outdoor in a report on Friday, May 23rd. Finally, Barclays raised their target price on Deckers Outdoor from $128.00 to $134.00 and gave the company an "overweight" rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $137.50.

Deckers Outdoor Stock Up 0.5%

DECK traded up $0.5270 during trading on Thursday, hitting $104.5770. 1,360,829 shares of the stock were exchanged, compared to its average volume of 3,385,221. The firm has a market capitalization of $15.51 billion, a P/E ratio of 16.04, a PEG ratio of 4.01 and a beta of 0.99. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98. The stock has a fifty day moving average price of $104.20 and a two-hundred day moving average price of $116.76.

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

Deckers Outdoor declared that its board has initiated a share buyback plan on Thursday, May 22nd that authorizes the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization authorizes the textile maker to reacquire up to 11.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $109.08, for a total value of $32,724.00. Following the transaction, the director owned 10,681 shares of the company's stock, valued at approximately $1,165,083.48. The trade was a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Angela Ogbechie sold 6,244 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the transaction, the insider directly owned 19,980 shares in the company, valued at approximately $2,075,722.20. The trade was a 23.81% 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.