Jump Financial LLC Buys 153,763 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Jump Financial LLC significantly increased its holdings in Deckers Outdoor Corporation by 5,481.7%, owning 156,568 shares worth approximately $17.51 million at the end of the first quarter.
• Deckers Outdoor reported impressive earnings with $0.93 EPS, exceeding analyst expectations, and had a revenue of $964.54 million for the quarter, reflecting a 16.9% year-over-year growth.
• Several Wall Street analysts have updated their ratings for Deckers Outdoor, with UBS Group raising the price objective to $158.00 and Raymond James declaring a "strong buy" with a new target of $137.00.

Jump Financial LLC increased its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 5,481.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 156,568 shares of the textile maker's stock after buying an additional 153,763 shares during the period. Jump Financial LLC owned 0.10% of Deckers Outdoor worth $17,506,000 as of its most recent filing with the Securities & Exchange Commission.

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

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock traded up $3.16 during trading on Wednesday, reaching $116.85. 2,714,286 shares of the stock traded hands, compared to its average volume of 3,376,550. The company has a market capitalization of $17.33 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 4.29 and a beta of 0.99. The business has a fifty day simple moving average of $104.70 and a two-hundred day simple moving average of $114.70. Deckers Outdoor Corporation has a 52-week low of $93.72 and a 52-week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. The firm had revenue of $964.54 million during the quarter, compared to analyst estimates of $901.45 million. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The business's quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, research analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has initiated a stock buyback program on Thursday, May 22nd that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the textile maker to reacquire 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.

Wall Street Analyst Weigh In

DECK has been the topic of several recent analyst reports. KGI Securities upgraded Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. Needham & Company LLC reissued a "buy" rating and set a $128.00 price target (up from $120.00) on shares of Deckers Outdoor in a report on Wednesday, July 23rd. The Goldman Sachs Group lowered their price target on Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating on the stock in a report on Tuesday, July 22nd. Evercore ISI increased their price target on Deckers Outdoor from $110.00 to $115.00 and gave the company an "in-line" rating in a report on Friday, July 25th. Finally, Truist Financial raised their target price on Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor presently has an average rating of "Hold" and an average target price of $137.50.

Insider Activity

In other news, Director Cindy L. Davis acquired 1,825 shares of the firm's stock in a transaction on Friday, June 6th. The stock was acquired at an average price of $109.76 per share, with a total value of $200,312.00. Following the completion of the purchase, the director directly owned 13,340 shares in the company, valued at approximately $1,464,198.40. This trade represents a 15.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $109.08, for a total transaction of $32,724.00. Following the completion of the sale, the director directly owned 10,681 shares of the company's stock, valued at approximately $1,165,083.48. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

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.