GSB Wealth Management LLC Invests $543,000 in Deckers Outdoor Corporation $DECK

Key Points

• GSB Wealth Management LLC invested approximately $543,000 to acquire 5,265 shares in Deckers Outdoor Corporation during the second quarter.
• Deckers Outdoor recently reported a quarterly earnings per share of $0.93, exceeding the expected $0.68, with a revenue increase of 16.9% year-over-year.
• Institutional investors now hold 97.79% of Deckers Outdoor's stock, with several firms recently raising their stakes in the company.

GSB Wealth Management LLC acquired a new position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,265 shares of the textile maker's stock, valued at approximately $543,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Deckers Outdoor by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker's stock worth $1,984,339,000 after purchasing an additional 107,635 shares in the last quarter. Northern Trust Corp raised its stake in shares of Deckers Outdoor by 6.2% during the 1st quarter. Northern Trust Corp now owns 1,680,558 shares of the textile maker's stock worth $187,903,000 after purchasing an additional 98,856 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Deckers Outdoor by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,520,461 shares of the textile maker's stock valued at $170,003,000 after acquiring an additional 97,312 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in Deckers Outdoor by 46.5% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,410,262 shares of the textile maker's stock valued at $157,681,000 after acquiring an additional 447,734 shares during the period. Finally, Amundi raised its stake in Deckers Outdoor by 24.7% in the 1st quarter. Amundi now owns 1,357,154 shares of the textile maker's stock valued at $151,743,000 after acquiring an additional 268,803 shares during the period. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Down 0.4%

Shares of DECK stock opened at $113.32 on Tuesday. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98. The company has a market cap of $16.81 billion, a P/E ratio of 17.38, a P/E/G ratio of 4.29 and a beta of 1.05. The business has a fifty day simple moving average of $110.41 and a 200 day simple moving average of $110.81.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $901.45 million. During the same period in the prior year, the company earned $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. As a group, equities research analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the sale, the director directly owned 10,979 shares in the company, valued at $1,295,741.58. This represents a 2.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on DECK. The Goldman Sachs Group dropped their price target on Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating on the stock in a research note on Tuesday, July 22nd. Evercore ISI increased their price target on Deckers Outdoor from $110.00 to $115.00 and gave the company an "in-line" rating in a research note on Friday, July 25th. Sanford C. Bernstein began coverage on Deckers Outdoor in a research note on Thursday, September 18th. They issued an "underperform" rating and a $100.00 price target on the stock. UBS Group increased their price target 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, KGI Securities upgraded Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. 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 two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $135.89.

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.

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