Gulf International Bank UK Ltd Lowers Stock Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Gulf International Bank UK Ltd reduced its stake in Deckers Outdoor Corporation by 28.9% during the first quarter, leaving it with a total of 8,734 shares valued at approximately $976,000.
• Deckers Outdoor >reported a quarterly earnings per share (EPS) of $0.93, exceeding analyst expectations of $0.68, along with a revenue of $964.54 million, reflecting a 16.9% increase year-over-year.
• The company has authorized a $2.25 billion stock buyback plan, allowing it to repurchase up to 11.7% of its shares, indicating a belief that its stock is currently undervalued.

Gulf International Bank UK Ltd decreased its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 28.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,734 shares of the textile maker's stock after selling 3,542 shares during the quarter. Gulf International Bank UK Ltd's holdings in Deckers Outdoor were worth $976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth $26,000. Vega Investment Solutions bought a new position in shares of Deckers Outdoor in the fourth quarter worth $29,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Deckers Outdoor in the first quarter worth $34,000. Fourth Dimension Wealth LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth $41,000. Finally, Itau Unibanco Holding S.A. increased its holdings in shares of Deckers Outdoor by 352.1% in the fourth 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. Institutional investors own 97.79% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays upped 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. Truist Financial increased their target price on shares of Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Telsey Advisory Group reissued a "market perform" rating and issued a $120.00 target price on shares of Deckers Outdoor in a research report on Friday, July 25th. Needham & Company LLC reaffirmed a "buy" rating and set a $128.00 target price (up previously from $120.00) on shares of Deckers Outdoor in a research note on Wednesday, July 23rd. Finally, The Goldman Sachs Group dropped their price target on shares of Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating on the stock in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $137.50.

Insider Transactions at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $109.08, for a total value of $32,724.00. Following the sale, the director directly owned 10,681 shares in the company, valued at $1,165,083.48. The trade was a 2.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Angela Ogbechie sold 6,244 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $103.89, for a total transaction of $648,689.16. Following the completion of the sale, the insider owned 19,980 shares in the company, valued at approximately $2,075,722.20. This trade represents a 23.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Down 1.3%

NYSE DECK traded down $1.37 on Wednesday, reaching $104.15. The company had a trading volume of 1,496,735 shares, compared to its average volume of 3,389,947. The stock has a market capitalization of $15.45 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 4.01 and a beta of 0.99. The firm's 50 day moving average price is $104.28 and its 200 day moving average price is $116.84. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $964.54 million for the quarter, compared to the consensus estimate 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 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. On average, research analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 22nd that permits the company to buyback $2.25 billion in outstanding shares. This buyback authorization permits the textile maker to purchase up to 11.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Deckers Outdoor Company 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.