Deckers Outdoor Corporation $DECK Shares Bought by GDS Wealth Management

Key Points

• GDS Wealth Management increased its holdings in Deckers Outdoor Corporation by 131.9%, acquiring an additional 27,190 shares during the first quarter, bringing its total to 47,806 shares valued at $5,345,000.
• Brokerages have set new price targets for Deckers Outdoor, with UBS Group raising theirs from $144 to $158 and TD Securities adjusting theirs from $150 to $175, both giving the stock a "buy" rating.
• Deckers Outdoor reported earnings of $0.93 per share in the last quarter, significantly surpassing analysts' expectations, and announced a $2.25 billion share repurchase program, indicating confidence in its stock value.

GDS Wealth Management raised its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 131.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,806 shares of the textile maker's stock after purchasing an additional 27,190 shares during the quarter. GDS Wealth Management's holdings in Deckers Outdoor were worth $5,345,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new stake in Deckers Outdoor in the 4th quarter worth about $26,000. Vega Investment Solutions purchased a new stake in Deckers Outdoor in the 4th quarter worth about $29,000. Fourth Dimension Wealth LLC purchased a new stake in Deckers Outdoor in the 4th quarter worth about $41,000. Itau Unibanco Holding S.A. raised 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 worth $44,000 after purchasing an additional 169 shares during the period. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in Deckers Outdoor in the 1st quarter worth about $34,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays raised their target price on shares of Deckers Outdoor from $128.00 to $134.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. KeyCorp reaffirmed a "sector weight" rating and set a $150.00 target price on shares of Deckers Outdoor in a research report on Friday, May 23rd. Needham & Company LLC reaffirmed a "buy" rating and set a $128.00 target price (up from $120.00) on shares of Deckers Outdoor in a research report on Wednesday, July 23rd. Argus assumed coverage on shares of Deckers Outdoor in a research report on Friday, June 13th. They set a "hold" rating on the stock. Finally, The Goldman Sachs Group reduced their target price on shares of Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating on the stock in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $137.50.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred 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 transaction, the director directly owned 10,681 shares of the company's stock, valued at $1,165,083.48. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Cindy L. Davis acquired 1,825 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were acquired at an average cost of $109.76 per share, for a total transaction of $200,312.00. Following the completion of the acquisition, the director owned 13,340 shares of the company's stock, valued at $1,464,198.40. This trade represents a 15.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Stock Up 4.1%

DECK stock traded up $4.2630 during trading on Friday, hitting $108.9530. 2,456,777 shares of the company's stock traded hands, compared to its average volume of 3,409,619. The firm has a market capitalization of $16.16 billion, a P/E ratio of 16.71, a PEG ratio of 4.14 and a beta of 0.99. The business has a fifty day simple moving average of $104.29 and a two-hundred day simple 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 issued its quarterly earnings data 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 company had revenue of $964.54 million for the quarter, compared to analyst estimates of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. Deckers Outdoor's revenue was up 16.9% compared to the same quarter last year. During the same period last year, the company posted $4.52 earnings per share. 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 authorized a stock buyback plan on Thursday, May 22nd that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the textile maker to repurchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.