Jacobs Levy Equity Management Inc. Has $131.94 Million Stock Position in Deckers Outdoor Corporation $DECK

Key Points

• Jacobs Levy Equity Management Inc. has increased its stake in Deckers Outdoor Corporation by 32.6% during the first quarter, owning 1,180,069 shares valued at approximately $131.9 million.
• Deckers Outdoor reported a quarterly earnings per share of $0.93, surpassing estimates and reflecting a 16.9% increase in revenue compared to the previous year.
• The company has authorized a $2.25 billion stock buyback program, indicating a belief that its shares are undervalued.

Jacobs Levy Equity Management Inc. increased its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 32.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,180,069 shares of the textile maker's stock after purchasing an additional 290,445 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.78% of Deckers Outdoor worth $131,944,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of DECK. Revolve Wealth Partners LLC bought a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $247,000. Schonfeld Strategic Advisors LLC increased its holdings in shares of Deckers Outdoor by 21.2% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 3,813 shares of the textile maker's stock worth $774,000 after purchasing an additional 668 shares during the period. Aptus Capital Advisors LLC bought a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $224,000. Algert Global LLC increased its holdings in shares of Deckers Outdoor by 372.9% during the fourth quarter. Algert Global LLC now owns 14,130 shares of the textile maker's stock worth $2,870,000 after purchasing an additional 11,142 shares during the period. Finally, Benjamin Edwards Inc. increased its holdings in shares of Deckers Outdoor by 15.3% during the fourth quarter. Benjamin Edwards Inc. now owns 8,771 shares of the textile maker's stock worth $1,781,000 after purchasing an additional 1,166 shares during the period. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Down 1.5%

Shares of NYSE DECK traded down $1.76 during midday trading on Tuesday, reaching $115.41. 1,766,115 shares of the company were exchanged, compared to its average volume of 3,346,502. The stock's 50-day moving average price is $108.01 and its 200-day moving average price is $112.25. The stock has a market cap of $17.12 billion, a P/E ratio of 17.70, a PEG ratio of 4.57 and a beta of 1.05. Deckers Outdoor Corporation has a one year low of $93.72 and a one year high of $223.98.

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

Deckers Outdoor declared that its board has approved a share buyback program on Thursday, May 22nd that authorizes the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization authorizes the textile maker to purchase up to 11.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

DECK has been the topic of several recent research reports. KeyCorp reaffirmed a "sector weight" rating and set a $150.00 target price on shares of Deckers Outdoor in a report on Friday, May 23rd. Truist Financial raised 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. Cowen reissued a "buy" rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. Telsey Advisory Group reissued a "market perform" rating and issued a $120.00 price objective on shares of Deckers Outdoor in a research note on Friday, July 25th. Finally, Argus started coverage on shares of Deckers Outdoor in a research note on Friday, June 13th. They issued a "hold" rating on the stock. One 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $137.50.

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.