DoubleLine ETF Adviser LP Invests $393,000 in Deckers Outdoor Corporation $DECK

Key Points

• DoubleLine ETF Adviser LP acquired 3,512 shares of Deckers Outdoor Corporation for approximately $393,000 in the first quarter, adding to the growing interest from institutional investors, who own nearly 98% of the company's stock.
• Deckers Outdoor reported $0.93 earnings per share (EPS) for its last quarter, surpassing estimates and demonstrating a 16.9% increase in year-over-year revenue, amounting to $964.54 million.
• The company has a $2.25 billion stock buyback plan approved, indicating confidence from leadership that its shares are undervalued, amidst varied analyst ratings on its stock.

DoubleLine ETF Adviser LP purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,512 shares of the textile maker's stock, valued at approximately $393,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $26,000. Vega Investment Solutions bought a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $29,000. Fourth Dimension Wealth LLC acquired a new position in Deckers Outdoor during the fourth quarter valued at approximately $41,000. Mountain Hill Investment Partners Corp. bought a new stake in Deckers Outdoor in the first quarter valued at approximately $34,000. Finally, Olde Wealth Management LLC bought a new stake in Deckers Outdoor in the first quarter valued at approximately $47,000. 97.79% of the stock is owned by 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 Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the transaction, the director directly owned 10,979 shares of the company's stock, valued at approximately $1,295,741.58. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is owned by insiders.

Deckers Outdoor Stock Down 0.6%

DECK traded down $0.65 during trading hours on Wednesday, hitting $114.76. 540,931 shares of the company's stock were exchanged, compared to its average volume of 3,330,745. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98. The stock's 50-day moving average is $108.21 and its two-hundred day moving average is $112.28. The stock has a market cap of $17.02 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 4.42 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $964.54 million for the quarter, compared to analyst estimates of $901.45 million. During the same period in the prior year, the firm posted $4.52 earnings per share. The company's quarterly revenue was up 16.9% compared to the same quarter last year. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, equities research analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor announced that its board has authorized a share repurchase 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 repurchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

DECK has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Deckers Outdoor from $144.00 to $158.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Cowen reaffirmed a "buy" rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. Evercore ISI upped their target price on shares of Deckers Outdoor from $110.00 to $115.00 and gave the company an "in-line" rating in a research note on Friday, July 25th. Robert W. Baird upped their target price on shares of Deckers Outdoor from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, Raymond James Financial upped their target price on shares of Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-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 given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $137.50.

Deckers Outdoor Company 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.