Deckers Outdoor Corporation $DECK Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. decreased its holdings in Deckers Outdoor Corporation by 5.3%, selling 69,836 shares during the first quarter, leaving them with a total of 1,236,296 shares valued at approximately $138 million.
• Deckers Outdoor recently reported earnings of $0.93 per share, surpassing analysts' expectations, and its revenue for the quarter reached $964.54 million, a 16.9% increase compared to the previous year.
• The company has initiated a $2.25 billion share buyback plan, enabling it to repurchase up to 11.7% of its shares, signaling management's belief that the stock is undervalued.

American Century Companies Inc. trimmed its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,236,296 shares of the textile maker's stock after selling 69,836 shares during the period. American Century Companies Inc. owned approximately 0.81% of Deckers Outdoor worth $138,230,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake 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 valued at $1,984,339,000 after purchasing an additional 107,635 shares during the period. Northern Trust Corp lifted its stake in shares of Deckers Outdoor by 13.9% in the 4th quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock valued at $321,228,000 after purchasing an additional 192,469 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Deckers Outdoor by 11.4% in the 4th 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 period. Deutsche Bank AG lifted its stake in shares of Deckers Outdoor by 11.0% in the 1st quarter. Deutsche Bank AG now owns 1,237,748 shares of the textile maker's stock valued at $138,393,000 after purchasing an additional 123,009 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of Deckers Outdoor by 1,998.7% in the 1st quarter. Federated Hermes Inc. now owns 1,163,977 shares of the textile maker's stock valued at $130,144,000 after purchasing an additional 1,108,516 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on DECK. Truist Financial boosted their target price on shares of Deckers Outdoor from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Argus initiated coverage on shares of Deckers Outdoor in a report on Friday, June 13th. They issued a "hold" rating for the company. KGI Securities raised shares of Deckers Outdoor to a "hold" rating in a report on Monday, May 26th. Robert W. Baird boosted their price target 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. Finally, The Goldman Sachs Group cut their price target on shares of Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating for the company in a report on Tuesday, July 22nd. 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $137.50.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction dated Friday, June 6th. The shares were 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 $1,165,083.48. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $103.89, for a total transaction of $648,689.16. Following the sale, the insider directly owned 19,980 shares in the company, valued at $2,075,722.20. This represents 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 Price Performance

Shares of DECK traded up $0.5270 during mid-day trading on Thursday, reaching $104.5770. The stock had a trading volume of 1,360,829 shares, compared to its average volume of 3,385,221. Deckers Outdoor Corporation has a 52-week low of $93.72 and a 52-week high of $223.98. The business's fifty day moving average is $104.20 and its 200 day moving average is $116.76. The firm has a market cap of $15.51 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 4.01 and a beta of 0.99.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The firm had revenue of $964.54 million during the quarter, compared to analyst estimates of $901.45 million. During the same quarter in the prior year, the firm posted $4.52 earnings per share. Deckers Outdoor's quarterly revenue was up 16.9% on a year-over-year basis. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, sell-side analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal 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 outstanding shares. This repurchase authorization permits 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 leadership believes its shares are 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.