Korea Investment CORP Buys 165,029 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Korea Investment CORP increased its holdings in Deckers Outdoor Corporation by 104.5%, owning approximately $36.11 million worth of shares as of the last quarter.
• Deckers Outdoor reported an EPS of $0.93 for the quarter, exceeding analysts' expectations of $0.68, with revenue of $964.54 million, up 16.9% year-over-year.
• The company has approved a $2.25 billion share buyback program, indicating that management believes its stock is undervalued.

Korea Investment CORP boosted its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 104.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 322,989 shares of the textile maker's stock after buying an additional 165,029 shares during the period. Korea Investment CORP owned approximately 0.21% of Deckers Outdoor worth $36,113,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Revolve Wealth Partners LLC bought a new position in shares of Deckers Outdoor in the 4th quarter worth $247,000. NewEdge Advisors LLC lifted its stake in Deckers Outdoor by 5.7% in the fourth quarter. NewEdge Advisors LLC now owns 9,351 shares of the textile maker's stock valued at $1,899,000 after buying an additional 507 shares during the period. GeoWealth Management LLC boosted its holdings in Deckers Outdoor by 8.8% during the fourth quarter. GeoWealth Management LLC now owns 2,010 shares of the textile maker's stock worth $408,000 after buying an additional 162 shares during the last quarter. Freedom Investment Management Inc. acquired a new position in shares of Deckers Outdoor during the 4th quarter worth about $236,000. Finally, First Trust Advisors LP grew its position in shares of Deckers Outdoor by 13.0% during the 4th quarter. First Trust Advisors LP now owns 260,304 shares of the textile maker's stock worth $52,865,000 after buying an additional 30,044 shares during the period. Institutional investors own 97.79% of the company's stock.

Insider Buying and Selling at Deckers Outdoor

In related news, insider Angela Ogbechie sold 6,244 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the sale, the insider directly owned 19,980 shares in the company, valued at approximately $2,075,722.20. This trade represents a 23.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Cindy L. Davis purchased 1,825 shares of Deckers Outdoor stock in a transaction that occurred on Friday, June 6th. The shares were acquired at an average price of $109.76 per share, with a total value of $200,312.00. Following the acquisition, the director directly owned 13,340 shares of the company's stock, valued at $1,464,198.40. This trade represents a 15.85% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DECK. KGI Securities raised shares of Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. Telsey Advisory Group reiterated a "market perform" rating and issued a $120.00 target price on shares of Deckers Outdoor in a report on Friday, July 25th. Cowen reissued a "buy" rating on shares of Deckers Outdoor in a report on Tuesday, May 20th. Robert W. Baird raised their price objective on shares of Deckers Outdoor from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, UBS Group boosted their price objective on shares of Deckers Outdoor from $144.00 to $158.00 and gave the company a "buy" rating in a research report on Friday, July 25th. One research 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $137.50.

Deckers Outdoor Price Performance

DECK stock traded up $4.2630 during midday trading on Friday, hitting $108.9530. The company's stock had a trading volume of 2,456,777 shares, compared to its average volume of 3,409,619. The company's fifty day moving average price is $104.29 and its 200 day moving average price is $115.49. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98. The stock has a market capitalization of $16.16 billion, a P/E ratio of 16.71, a PEG ratio of 4.14 and a beta of 0.99.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.25. The company had revenue of $964.54 million for the quarter, compared to analysts' expectations 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 quarter in the prior year, the business posted $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Equities analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor announced that its board has initiated a stock repurchase plan on Thursday, May 22nd that allows the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization allows the textile maker to reacquire up to 11.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

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.