Element Capital Management LLC Buys New Position in Deckers Outdoor Corporation $DECK

Key Points

• Element Capital Management LLC acquired a new stake by purchasing 23,083 shares of Deckers Outdoor Corporation (NYSE:DECK) worth approximately $2.58 million in the first quarter.
• Deckers Outdoor reported earnings of $0.93 EPS for the quarter, surpassing expectations, with revenues of $964.54 million, reflecting a 16.9% year-over-year increase.
• The company has authorized a $2.25 billion stock buyback, which allows it to repurchase up to 11.7% of its stock in open market transactions, indicating confidence in its valuation.

Element Capital Management LLC bought a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 23,083 shares of the textile maker's stock, valued at approximately $2,581,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Deckers Outdoor by 0.6% during 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 acquiring an additional 107,635 shares in the last quarter. Northern Trust Corp increased its holdings in Deckers Outdoor by 13.9% during the 4th quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock valued at $321,228,000 after acquiring an additional 192,469 shares in the last quarter. 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 worth $289,027,000 after buying an additional 145,794 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Deckers Outdoor by 11.0% during the first quarter. Deutsche Bank AG now owns 1,237,748 shares of the textile maker's stock worth $138,393,000 after buying an additional 123,009 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Deckers Outdoor by 1,998.7% during the first quarter. Federated Hermes Inc. now owns 1,163,977 shares of the textile maker's stock worth $130,144,000 after buying an additional 1,108,516 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DECK. Citigroup reduced their price target on Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. KGI Securities raised Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. Telsey Advisory Group reiterated a "market perform" rating and set a $120.00 price objective on shares of Deckers Outdoor in a report on Friday, July 25th. Evercore ISI boosted their target price on shares of Deckers Outdoor from $110.00 to $115.00 and gave the company an "in-line" rating in a report on Friday, July 25th. Finally, KeyCorp reiterated a "sector weight" rating and set a $150.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Deckers Outdoor has an average rating of "Hold" and an average price target of $137.50.

Deckers Outdoor Stock Down 0.1%

Shares of NYSE DECK traded down $0.1390 during trading on Tuesday, reaching $105.4410. 1,707,565 shares of the stock were exchanged, compared to its average volume of 3,401,999. The company has a market capitalization of $15.64 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 3.91 and a beta of 0.99. The business's 50-day moving average price is $104.28 and its 200 day moving average price is $116.84. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98.

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, 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%. The firm's quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, sell-side analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor declared that its board has approved a stock repurchase program on Thursday, May 22nd that permits the company to buyback $2.25 billion in shares. This buyback authorization permits 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 shares are undervalued.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $109.08, for a total transaction of $32,724.00. Following the sale, the director directly owned 10,681 shares of the company's stock, valued at approximately $1,165,083.48. This represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction on 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 trade represents a 23.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

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.