Deckers Outdoor Corporation $DECK Shares Purchased by Ethic Inc.

Key Points

• Ethic Inc. increased its stake in Deckers Outdoor Corporation by 20.6%, owning 26,782 shares worth approximately $3 million as of the latest filing.
• Deckers reported $0.93 earnings per share for the last quarter, outperforming estimates and reflecting a 16.9% increase in revenue year-over-year.
• The company's board initiated a $2.25 billion stock repurchase program, indicating a belief that its shares are currently undervalued.

Ethic Inc. boosted its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 20.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,782 shares of the textile maker's stock after buying an additional 4,571 shares during the quarter. Ethic Inc.'s holdings in Deckers Outdoor were worth $3,036,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marks Group Wealth Management Inc lifted its stake in Deckers Outdoor by 15.4% in the 1st quarter. Marks Group Wealth Management Inc now owns 62,902 shares of the textile maker's stock valued at $7,033,000 after buying an additional 8,410 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Deckers Outdoor by 17.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock valued at $1,997,000 after buying an additional 2,706 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Deckers Outdoor by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker's stock valued at $116,310,000 after buying an additional 39,211 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Deckers Outdoor by 32.3% in the 1st quarter. Park Avenue Securities LLC now owns 26,929 shares of the textile maker's stock valued at $3,011,000 after buying an additional 6,569 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Deckers Outdoor by 17.7% in the 1st quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock valued at $65,716,000 after buying an additional 88,179 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Insider Transactions at Deckers Outdoor

In other news, Director Cindy L. Davis acquired 1,825 shares of the company's stock in a transaction dated Friday, June 6th. The stock was acquired at an average cost of $109.76 per share, for a total transaction of $200,312.00. Following the acquisition, the director directly owned 13,340 shares in the company, valued at approximately $1,464,198.40. This represents a 15.85% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Angela Ogbechie sold 6,244 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $103.89, for a total value of $648,689.16. Following the sale, the insider owned 19,980 shares of the company's stock, valued at approximately $2,075,722.20. The trade was a 23.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DECK. Citigroup reduced their target price 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. Barclays boosted their price target on Deckers Outdoor from $128.00 to $134.00 and gave the company an "overweight" rating in a report on Friday, July 25th. TD Securities boosted their price target on Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Telsey Advisory Group reiterated a "market perform" rating and issued a $120.00 price target on shares of Deckers Outdoor in a report on Friday, July 25th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $128.00 price target (up from $120.00) on shares of Deckers Outdoor in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Deckers Outdoor currently has an average rating of "Hold" and an average target price of $137.50.

Deckers Outdoor Stock Up 4.1%

Shares of DECK stock traded up $4.2630 on Friday, reaching $108.9530. 2,456,777 shares of the stock were exchanged, compared to its average volume of 3,409,619. The stock has a market cap of $16.16 billion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 4.14 and a beta of 0.99. The firm has a 50 day moving average of $104.29 and a two-hundred day moving average of $115.49. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98.

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

Deckers Outdoor announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 22nd that authorizes the company to repurchase $2.25 billion in 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 generally an indication that the company's management 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.