Jones Financial Companies Lllp Has $14.77 Million Position in Deckers Outdoor Corporation $DECK

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Deckers Outdoor Corporation by acquiring 128,030 shares, raising its total holdings by over 3,164% in the first quarter.
• Deckers Outdoor Corporation reported $0.93 EPS, surpassing analysts' expectations, and revealed a revenue of $964.54 million for the quarter, compared to anticipated figures of $901.45 million.
• The company has initiated a stock repurchase program, authorizing $2.25 billion to buy back up to 11.7% of its shares, signaling that its board believes the stock is undervalued.

Jones Financial Companies Lllp grew its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 3,164.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,076 shares of the textile maker's stock after purchasing an additional 128,030 shares during the period. Jones Financial Companies Lllp owned about 0.09% of Deckers Outdoor worth $14,767,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DECK. Revolve Wealth Partners LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter valued at $247,000. Captrust Financial Advisors boosted its stake in Deckers Outdoor by 1.9% in the 4th quarter. Captrust Financial Advisors now owns 7,505 shares of the textile maker's stock worth $1,524,000 after purchasing an additional 143 shares during the period. Cetera Investment Advisers boosted its stake in Deckers Outdoor by 22.3% in the 4th quarter. Cetera Investment Advisers now owns 45,830 shares of the textile maker's stock worth $9,308,000 after purchasing an additional 8,368 shares during the period. Ethic Inc. raised its stake in Deckers Outdoor by 637.9% during the 4th quarter. Ethic Inc. now owns 22,211 shares of the textile maker's stock valued at $4,511,000 after purchasing an additional 19,201 shares during the period. Finally, Focus Partners Wealth lifted its holdings in shares of Deckers Outdoor by 66.1% in the fourth quarter. Focus Partners Wealth now owns 6,393 shares of the textile maker's stock valued at $1,317,000 after purchasing an additional 2,543 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor 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 transaction of $35,406.00. Following the transaction, the director owned 10,979 shares in the company, valued at $1,295,741.58. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.40% of the stock is owned by insiders.

Deckers Outdoor Trading Up 3.3%

NYSE DECK traded up $3.76 during trading on Thursday, hitting $117.89. 1,864,524 shares of the company traded hands, compared to its average volume of 3,329,113. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98. The business has a fifty day simple moving average of $108.37 and a 200 day simple moving average of $112.29. The company has a market capitalization of $17.49 billion, a P/E ratio of 18.08, a PEG 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 for the quarter, beating the consensus estimate of $0.68 by $0.25. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The company had revenue of $964.54 million for the quarter, compared to analyst estimates of $901.45 million. During the same period last year, the company earned $4.52 earnings per share. The business'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. Equities research analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor announced that its board has initiated a stock buyback program on Thursday, May 22nd that permits the company to buyback $2.25 billion in shares. This buyback authorization permits the textile maker to repurchase up to 11.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. UBS Group lifted their price target on Deckers Outdoor from $144.00 to $158.00 and gave the company a "buy" rating in a report on Friday, July 25th. Robert W. Baird raised their price objective on Deckers Outdoor from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Needham & Company LLC reaffirmed a "buy" rating and set a $128.00 target price (up previously from $120.00) on shares of Deckers Outdoor in a research note on Wednesday, July 23rd. Truist Financial boosted their price objective on shares of Deckers Outdoor from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Raymond James Financial upped their price objective on shares of Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $137.50.

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.