Groupama Asset Managment Acquires Shares of 15,755 Deckers Outdoor Corporation $DECK

Key Points

• Groupama Asset Management has acquired 15,755 shares of Deckers Outdoor Corporation valued at approximately $1.76 million in the first quarter, increasing institutional ownership in the company to 97.79%.
• Analyst ratings for Deckers Outdoor show a consensus of "Hold" with a target price ranging from $115 to $145, reflecting varying outlooks on the stock's future performance.
• Deckers Outdoor has initiated a $2.25 billion share buyback plan, indicating that the management believes the company’s stock is currently undervalued.

Groupama Asset Managment acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,755 shares of the textile maker's stock, valued at approximately $1,758,000.

Several other hedge funds have also recently modified their holdings of DECK. Vanguard Group Inc. increased its holdings in Deckers Outdoor by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker's stock worth $1,984,339,000 after buying an additional 107,635 shares during the period. Northern Trust Corp increased its holdings in Deckers Outdoor by 6.2% in the 1st quarter. Northern Trust Corp now owns 1,680,558 shares of the textile maker's stock worth $187,903,000 after buying an additional 98,856 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Deckers Outdoor by 11.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,149 shares of the textile maker's stock worth $289,027,000 after buying an additional 145,794 shares during the period. Wellington Management Group LLP increased its holdings in Deckers Outdoor by 15.8% in the 1st quarter. Wellington Management Group LLP now owns 1,273,666 shares of the textile maker's stock worth $142,409,000 after buying an additional 173,430 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Deckers Outdoor by 11.0% in the 1st quarter. Deutsche Bank AG now owns 1,237,748 shares of the textile maker's stock valued at $138,393,000 after buying an additional 123,009 shares during the period. Institutional investors and hedge funds own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

DECK has been the topic of several recent research reports. Bank of America lowered their price objective on Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Evercore ISI increased their target price on Deckers Outdoor from $110.00 to $115.00 and gave the company an "in-line" rating in a research report on Friday, July 25th. Telsey Advisory Group reiterated a "market perform" rating and set a $120.00 target price on shares of Deckers Outdoor in a research report on Friday, July 25th. UBS Group increased their price objective on Deckers Outdoor from $144.00 to $158.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Raymond James Financial increased their price objective on Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. One investment 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 issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $137.50.

Insider Activity

In related news, Director Cindy L. Davis acquired 1,825 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was acquired at an average price of $109.76 per share, for a total transaction of $200,312.00. Following the purchase, the director owned 13,340 shares of the company's stock, valued at $1,464,198.40. This represents a 15.85% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $109.08, for a total value of $32,724.00. Following the completion of the transaction, the director directly owned 10,681 shares in the company, valued at $1,165,083.48. This trade represents a 2.73% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Price Performance

Shares of NYSE:DECK traded up $3.7860 during midday trading on Monday, reaching $112.8860. 1,434,619 shares of the company's stock were exchanged, compared to its average volume of 3,369,635. The firm's 50 day simple moving average is $104.29 and its two-hundred day simple moving average is $115.09. The stock has a market cap of $16.75 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 4.14 and a beta of 0.99. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, beating 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 company had revenue of $964.54 million during the quarter, compared to analysts' expectations of $901.45 million. During the same period last year, the business posted $4.52 EPS. Deckers Outdoor'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 research analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor announced that its board has authorized a stock repurchase program on Thursday, May 22nd that allows the company to buyback $2.25 billion in shares. This buyback authorization allows the textile maker to reacquire up to 11.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership 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.