Great Lakes Advisors LLC Reduces Position in Deckers Outdoor Corporation $DECK

Key Points

• Great Lakes Advisors LLC has reduced its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 15.9%, now owning 19,086 shares worth approximately $2.13 million.
• Deckers Outdoor recently announced a $2.25 billion stock buyback plan, indicating that its leadership believes the stock is undervalued.
• Multiple research firms have increased their target prices for Deckers Outdoor, with TD Securities raising it from $150.00 to $175.00 and maintaining a "buy" rating.

Great Lakes Advisors LLC decreased its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 15.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,086 shares of the textile maker's stock after selling 3,608 shares during the quarter. Great Lakes Advisors LLC's holdings in Deckers Outdoor were worth $2,134,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Marks Group Wealth Management Inc raised its position in shares of 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 purchasing an additional 8,410 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Deckers Outdoor by 17.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock worth $1,997,000 after buying an additional 2,706 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Deckers Outdoor by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker's stock valued at $116,310,000 after acquiring an additional 39,211 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Deckers Outdoor by 32.3% during the 1st quarter. Park Avenue Securities LLC now owns 26,929 shares of the textile maker's stock valued at $3,011,000 after acquiring an additional 6,569 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Deckers Outdoor by 17.7% during the 1st quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock worth $65,716,000 after acquiring an additional 88,179 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Trading Down 1.0%

NYSE:DECK opened at $114.30 on Thursday. The stock has a 50 day moving average of $108.37 and a 200-day moving average of $112.29. The firm has a market capitalization of $16.96 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 4.35 and a beta of 1.05. Deckers Outdoor Corporation has a 52 week low of $93.72 and a 52 week 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. The business had revenue of $964.54 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, 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 outstanding shares. This repurchase authorization permits the textile maker to purchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have recently weighed in on DECK. TD Securities boosted their target price on shares of Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. UBS Group boosted their price objective on Deckers Outdoor from $144.00 to $158.00 and gave the company a "buy" rating in a report on Friday, July 25th. Robert W. Baird increased their target price on Deckers Outdoor from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Raymond James Financial lifted their target price on Deckers Outdoor from $123.00 to $137.00 and gave the stock a "strong-buy" rating in a research report on Friday, July 25th. Finally, Argus initiated coverage on Deckers Outdoor in a research report on Friday, June 13th. They set a "hold" rating on the stock. 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. According to MarketBeat.com, Deckers Outdoor currently has a consensus rating of "Hold" and a consensus target price of $137.50.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the transaction, the director owned 10,979 shares in the company, valued at approximately $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.40% of the company's stock.

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.

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