KADENSA CAPITAL Ltd Boosts Stake in Deckers Outdoor Corporation $DECK

Key Points

• KADENSA CAPITAL Ltd significantly increased its stake in Deckers Outdoor Corporation by 76,944 shares, raising its total holdings by 519.9% during the first quarter, bringing its total to 91,745 shares valued at approximately $10.26 million.
• Analysts remain divided on Deckers stock, with ratings ranging from "Strong Buy" to "Sell," and a consensus average target price of $137.50, indicating varied expectations for the company's future performance.
• Deckers Outdoor has reported a 16.9% year-over-year revenue increase, achieving $964.54 million in revenue and surpassing analyst expectations for earnings per share.

KADENSA CAPITAL Ltd grew its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 519.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,745 shares of the textile maker's stock after buying an additional 76,944 shares during the period. KADENSA CAPITAL Ltd owned 0.06% of Deckers Outdoor worth $10,258,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in DECK. Gotham Asset Management LLC lifted its holdings in Deckers Outdoor by 37.0% in the first quarter. Gotham Asset Management LLC now owns 135,224 shares of the textile maker's stock valued at $15,119,000 after acquiring an additional 36,539 shares during the period. DnB Asset Management AS lifted its holdings in Deckers Outdoor by 27.6% in the first quarter. DnB Asset Management AS now owns 430,827 shares of the textile maker's stock valued at $48,171,000 after acquiring an additional 93,097 shares during the period. DoubleLine ETF Adviser LP bought a new position in Deckers Outdoor in the first quarter valued at about $393,000. Edmond DE Rothschild Holding S.A. lifted its holdings in Deckers Outdoor by 86.8% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 239,975 shares of the textile maker's stock valued at $26,832,000 after acquiring an additional 111,496 shares during the period. Finally, EFG Asset Management North America Corp. lifted its holdings in Deckers Outdoor by 11.4% in the first quarter. EFG Asset Management North America Corp. now owns 18,192 shares of the textile maker's stock valued at $2,034,000 after acquiring an additional 1,868 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

NYSE DECK traded down $0.63 during trading hours on Wednesday, reaching $114.78. The company's stock had a trading volume of 540,931 shares, compared to its average volume of 3,330,745. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98. The company's 50-day moving average is $108.21 and its two-hundred day moving average is $112.28. The firm has a market capitalization of $17.03 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 4.42 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. The business 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 revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the business earned $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Equities analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor declared that its board has initiated a stock buyback 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 stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is undervalued.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the sale, the director directly owned 10,979 shares of the company's stock, valued at $1,295,741.58. The trade was a 2.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DECK shares. Needham & Company LLC restated a "buy" rating and set a $128.00 price target (up previously from $120.00) on shares of Deckers Outdoor in a report on Wednesday, July 23rd. KeyCorp restated a "sector weight" rating and set a $150.00 price target on shares of Deckers Outdoor in a report on Friday, May 23rd. Evercore ISI raised 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. KGI Securities upgraded Deckers Outdoor to a "hold" rating in a report on Monday, May 26th. Finally, Barclays raised their price objective on Deckers Outdoor from $128.00 to $134.00 and gave the company an "overweight" rating in a research note 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 assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $137.50.

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.