International Assets Investment Management LLC Buys New Stake in Deckers Outdoor Corporation $DECK

Key Points

• International Assets Investment Management LLC acquired 2,582 shares of Deckers Outdoor Corporation, valued at approximately $266,000, indicating growing institutional interest in the stock.
• Recent research analysis shows a mixed outlook on DECK, with ratings varying from "strong buy" to "sell," and an average price target of $131.11.
• Deckers reported a 9.1% revenue increase year-over-year, with earnings per share beating estimates at $1.82 for the recent quarter.

International Assets Investment Management LLC bought a new stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,582 shares of the textile maker's stock, valued at approximately $266,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Marks Group Wealth Management Inc increased its stake 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 during the period. Cambridge Investment Research Advisors Inc. increased its stake in Deckers Outdoor by 17.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock valued at $1,997,000 after acquiring an additional 2,706 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Deckers Outdoor by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker's stock valued at $116,310,000 after acquiring an additional 39,211 shares during the period. Principal Financial Group Inc. increased its stake in Deckers Outdoor by 17.7% in the first quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock valued at $65,716,000 after acquiring an additional 88,179 shares during the period. Finally, Jump Financial LLC boosted its position in Deckers Outdoor by 5,481.7% in the first quarter. Jump Financial LLC now owns 156,568 shares of the textile maker's stock valued at $17,506,000 after buying an additional 153,763 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DECK. Stifel Nicolaus set a $127.00 price objective on shares of Deckers Outdoor in a research note on Tuesday. The Goldman Sachs Group decreased their price objective 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. Raymond James Financial upped their price objective on shares of Deckers Outdoor from $123.00 to $137.00 and gave the stock a "strong-buy" rating in a research note on Friday, July 25th. Barclays upped their price objective on shares of Deckers Outdoor from $134.00 to $141.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Finally, Bank of America upped their price objective on shares of Deckers Outdoor from $120.00 to $122.00 and gave the stock a "neutral" rating in a research note on Thursday, September 25th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Deckers Outdoor has an average rating of "Moderate Buy" and a consensus price target of $131.11.

Deckers Outdoor Trading Up 1.9%

Shares of DECK stock opened at $102.79 on Friday. Deckers Outdoor Corporation has a 1 year low of $93.72 and a 1 year high of $223.98. The firm's 50 day moving average is $108.96 and its 200-day moving average is $108.65. The firm has a market capitalization of $15.25 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 3.86 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The textile maker reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.24. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the business posted $1.59 earnings per share. Deckers Outdoor's revenue was up 9.1% compared to the same quarter last year. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. On average, equities research analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

About Deckers Outdoor

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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