Infusive Asset Management Inc. Takes Position in Deckers Outdoor Corporation $DECK

Key Points

• Infusive Asset Management Inc. has made a new investment of approximately $1.17 million in Deckers Outdoor Corporation by acquiring 10,446 shares during the first quarter.
• Deckers Outdoor Corporation reported stronger-than-expected quarterly earnings of $0.93 per share, surpassing analysts' estimates of $0.68, along with revenues of $964.54 million.
• The company has implemented a stock buyback plan allowing for the repurchase of up to $2.25 billion in shares, indicating the board's belief that its stock is undervalued.

Infusive Asset Management Inc. acquired a new position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,446 shares of the textile maker's stock, valued at approximately $1,168,000.

Other hedge funds also recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $26,000. Vega Investment Solutions bought a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $29,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Deckers Outdoor during the 1st quarter worth approximately $34,000. Fourth Dimension Wealth LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $41,000. Finally, Olde Wealth Management LLC bought a new position in shares of Deckers Outdoor during the 1st quarter worth approximately $47,000. Institutional investors own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on DECK. UBS Group raised their target price on Deckers Outdoor from $144.00 to $158.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Argus began coverage on Deckers Outdoor in a research report on Friday, June 13th. They set a "hold" rating for the company. Evercore ISI raised their target price on Deckers Outdoor from $110.00 to $115.00 and gave the stock an "in-line" rating in a research report on Friday, July 25th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $120.00 price target on shares of Deckers Outdoor in a report on Friday, July 25th. Finally, Raymond James Financial raised their price target on Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of "Hold" and an average price target of $137.50.

Deckers Outdoor Price Performance

NYSE DECK traded down $3.54 during trading on Friday, reaching $120.37. 2,192,393 shares of the company's stock were exchanged, compared to its average volume of 2,462,273. The business has a 50 day moving average price of $107.73 and a 200-day moving average price of $112.46. The stock has a market capitalization of $17.86 billion, a P/E ratio of 18.46, a PEG ratio of 4.57 and a beta of 1.05. 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 quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.25. The firm had revenue of $964.54 million for the quarter, compared to the consensus estimate of $901.45 million. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The business's revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

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