Fox Run Management L.L.C. Lowers Stock Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Fox Run Management L.L.C. reduced its stake in Deckers Outdoor Corporation by 53.4% during the first quarter, now holding 4,764 shares valued at $533,000.
• Deckers Outdoor reported earnings of $0.93 per share for the last quarter, exceeding estimates and showing a 16.9% year-over-year revenue increase to $964.54 million.
• The company has authorized a stock buyback program worth $2.25 billion, allowing for the repurchase of up to 11.7% of its shares, indicating that the board believes the shares may be undervalued.

Fox Run Management L.L.C. lessened its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 53.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,764 shares of the textile maker's stock after selling 5,461 shares during the period. Fox Run Management L.L.C.'s holdings in Deckers Outdoor were worth $533,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Mpwm Advisory Solutions LLC bought a new position in Deckers Outdoor in the fourth quarter valued at approximately $26,000. Vega Investment Solutions bought a new stake in Deckers Outdoor during the fourth quarter valued at $29,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth approximately $41,000. Itau Unibanco Holding S.A. increased its position in Deckers Outdoor by 352.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock valued at $44,000 after buying an additional 169 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. acquired a new position in Deckers Outdoor during the first quarter worth $34,000. Institutional investors own 97.79% of the company's stock.

Insider Activity at Deckers Outdoor

In other news, 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 transaction of $648,689.16. Following the transaction, the insider directly owned 19,980 shares of the company's stock, valued at $2,075,722.20. This represents a 23.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Cindy L. Davis acquired 1,825 shares of Deckers Outdoor stock in a transaction that occurred on Friday, June 6th. The stock was acquired at an average price of $109.76 per share, with a total value of $200,312.00. Following the completion of the acquisition, the director directly owned 13,340 shares in the company, valued at $1,464,198.40. This represents a 15.85% increase in their position. The disclosure for this purchase can be found here. 0.40% of the stock is owned by insiders.

Deckers Outdoor Price Performance

NYSE DECK traded up $4.1180 during trading hours on Friday, reaching $108.8080. 1,552,980 shares of the company's stock traded hands, compared to its average volume of 3,375,787. The firm has a market cap of $16.14 billion, a PE ratio of 16.68, a PEG ratio of 3.95 and a beta of 0.99. Deckers Outdoor Corporation has a 52-week low of $93.72 and a 52-week high of $223.98. The firm has a 50-day simple moving average of $104.14 and a 200 day simple moving average of $116.30.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $964.54 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Sell-side analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

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

Analyst Ratings Changes

DECK has been the topic of a number of recent research reports. TD Securities raised their target price on Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Raymond James Financial lifted their price objective 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. UBS Group upped their target price on shares of Deckers Outdoor from $144.00 to $158.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Truist Financial upped their target price on shares of Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, KGI Securities raised shares of Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. One equities research 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $137.50.

Deckers Outdoor 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.