HighTower Advisors LLC Has $8.72 Million Position in Deckers Outdoor Corporation $DECK

HighTower Advisors LLC increased its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 38.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,998 shares of the textile maker's stock after purchasing an additional 21,722 shares during the period. HighTower Advisors LLC owned approximately 0.05% of Deckers Outdoor worth $8,721,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gerber Kawasaki Wealth & Investment Management increased its holdings in Deckers Outdoor by 4.6% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,902 shares of the textile maker's stock worth $386,000 after buying an additional 84 shares in the last quarter. Cumberland Partners Ltd grew its holdings in Deckers Outdoor by 0.4% during the first quarter. Cumberland Partners Ltd now owns 27,991 shares of the textile maker's stock valued at $3,130,000 after purchasing an additional 98 shares during the period. Utah Retirement Systems grew its holdings in Deckers Outdoor by 0.4% during the fourth quarter. Utah Retirement Systems now owns 25,136 shares of the textile maker's stock valued at $5,105,000 after purchasing an additional 100 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in Deckers Outdoor during the fourth quarter valued at about $26,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Deckers Outdoor by 0.8% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,106 shares of the textile maker's stock valued at $1,913,000 after buying an additional 140 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Down 1.4%

Shares of NYSE DECK traded down $1.5130 during trading on Wednesday, hitting $104.0070. The company had a trading volume of 3,135,489 shares, compared to its average volume of 3,400,549. The stock has a fifty day simple moving average of $104.28 and a two-hundred day simple moving average of $116.84. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The firm has a market capitalization of $15.43 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 4.01 and a beta of 0.99.

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 for the quarter, beating the consensus estimate of $0.68 by $0.25. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The firm had revenue of $964.54 million for the quarter, compared to analysts' expectations of $901.45 million. During the same quarter in the previous year, the company posted $4.52 EPS. The company's revenue was up 16.9% compared to the same quarter last year. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Deckers Outdoor declared that its Board of Directors has initiated a share repurchase program on Thursday, May 22nd that allows the company to repurchase $2.25 billion in shares. This repurchase authorization allows the textile maker to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports 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 report on Friday, July 25th. Needham & Company LLC restated a "buy" rating and issued a $128.00 price objective (up from $120.00) on shares of Deckers Outdoor in a report on Wednesday, July 23rd. Raymond James Financial lifted their price objective on Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a report on Friday, July 25th. Cowen restated a "buy" rating on shares of Deckers Outdoor in a report on Tuesday, May 20th. Finally, Wells Fargo & Company raised their price objective on Deckers Outdoor from $90.00 to $100.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of "Hold" and a consensus price target 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 transaction of $32,724.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Angela Ogbechie sold 6,244 shares of the company'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 transaction, the insider owned 19,980 shares in the company, valued at $2,075,722.20. The trade was 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 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.