Deckers Outdoor Corporation $DECK Shares Acquired by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec increased its holdings in Deckers Outdoor Corporation by 75.4%, owning 37,469 shares valued at $4,190,000 as of the latest SEC filing.
• Deckers Outdoor reported an EPS of $0.93 for the recent quarter, surpassing estimates, with revenue increasing 16.9% year-over-year to $964.54 million.
• The company's Board approved a $2.25 billion stock buyback plan, indicating confidence in the intrinsic value of its stock.

Federation des caisses Desjardins du Quebec boosted its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 75.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,469 shares of the textile maker's stock after buying an additional 16,104 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Deckers Outdoor were worth $4,190,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth about $26,000. Vega Investment Solutions acquired a new position in shares of Deckers Outdoor during the fourth quarter worth about $29,000. Fourth Dimension Wealth LLC purchased a new position in Deckers Outdoor during the fourth quarter worth about $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in Deckers Outdoor in the first quarter valued at about $34,000. Finally, Olde Wealth Management LLC purchased a new stake in Deckers Outdoor in the 1st quarter valued at approximately $47,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DECK shares. Bank of America decreased their target price on shares of Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. KeyCorp reissued a "sector weight" rating and set a $150.00 price objective on shares of Deckers Outdoor in a report on Friday, May 23rd. Argus initiated coverage on shares of Deckers Outdoor in a report on Friday, June 13th. They issued a "hold" rating for the company. Raymond James Financial lifted their price target on shares of Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a research report on Friday, July 25th. Finally, Robert W. Baird lifted their price objective on Deckers Outdoor from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Deckers Outdoor has an average rating of "Hold" and a consensus target price of $137.50.

Deckers Outdoor Stock Performance

Deckers Outdoor stock traded down $1.76 during midday trading on Tuesday, reaching $115.41. The stock had a trading volume of 1,765,690 shares, compared to its average volume of 3,346,499. The stock's 50-day simple moving average is $108.01 and its 200 day simple moving average is $112.25. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98. The stock has a market capitalization of $17.12 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 4.57 and a beta of 1.05.

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

Deckers Outdoor declared that its board has authorized a share repurchase plan on Thursday, May 22nd that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the textile maker to purchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is 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.