Ilmarinen Mutual Pension Insurance Co Purchases New Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Ilmarinen Mutual Pension Insurance Co has acquired 25,000 shares of Deckers Outdoor Corporation, valued at approximately $2,795,000, signaling strong institutional interest in the company.
• Deckers Outdoor reported earnings of $0.93 per share, surpassing analysts' estimates of $0.68, and experienced a 16.9% year-over-year revenue increase to $964.54 million.
• The company's Board of Directors has authorized a stock repurchase plan allowing for the buyback of up to $2.25 billion in shares, indicating belief that the stock is undervalued.

Ilmarinen Mutual Pension Insurance Co acquired a new position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 25,000 shares of the textile maker's stock, valued at approximately $2,795,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DECK. Marks Group Wealth Management Inc raised its holdings in Deckers Outdoor by 15.4% in the first quarter. Marks Group Wealth Management Inc now owns 62,902 shares of the textile maker's stock valued at $7,033,000 after acquiring an additional 8,410 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Deckers Outdoor by 17.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock worth $1,997,000 after purchasing an additional 2,706 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Deckers Outdoor by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker's stock valued at $116,310,000 after purchasing an additional 39,211 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Deckers Outdoor by 32.3% during the first quarter. Park Avenue Securities LLC now owns 26,929 shares of the textile maker's stock worth $3,011,000 after purchasing an additional 6,569 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Deckers Outdoor by 17.7% during the first quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock valued at $65,716,000 after buying an additional 88,179 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $114.30 on Thursday. Deckers Outdoor Corporation has a one year low of $93.72 and a one year high of $223.98. The company has a 50-day simple moving average of $108.37 and a 200-day simple moving average of $112.29. The firm has a market capitalization of $16.96 billion, a P/E ratio of 17.53, a P/E/G ratio of 4.35 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its 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. 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 during the quarter, compared to analyst estimates of $901.45 million. During the same period in the previous year, the business posted $4.52 EPS. Deckers Outdoor's revenue 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, sell-side analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Deckers Outdoor announced that its Board of Directors has authorized a stock repurchase plan on Thursday, May 22nd that allows the company to buyback $2.25 billion in outstanding shares. This buyback authorization allows the textile maker to buy up to 11.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Insider Transactions at Deckers Outdoor

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

Wall Street Analyst Weigh In

DECK has been the subject of several research reports. Robert W. Baird lifted their target price on Deckers Outdoor from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Telsey Advisory Group reissued a "market perform" rating and set a $120.00 target price on shares of Deckers Outdoor in a report on Friday, July 25th. TD Securities raised their price target 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. Bank of America decreased their price target on shares of Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Finally, Cowen reiterated a "buy" rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $137.50.

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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