Lecap Asset Management Ltd. Decreases Stock Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Lecap Asset Management Ltd. significantly reduced its holdings in Deckers Outdoor Corporation (NYSE: DECK) by 68.1% during the second quarter, after selling nearly 12,774 shares.
• Deckers reported earnings of $0.93 EPS for the last quarter, surpassing analyst expectations and achieving a revenue of $964.54 million, reflecting a 16.9% increase year-over-year.
• Institutional investors hold a substantial 97.79% of Deckers' stock, indicating strong confidence in the company amidst various analyst ratings ranging from "Strong Buy" to "Sell."

Lecap Asset Management Ltd. reduced its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 68.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,986 shares of the textile maker's stock after selling 12,774 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Deckers Outdoor were worth $617,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DECK. Mountain Hill Investment Partners Corp. purchased a new position in shares of Deckers Outdoor in the 1st quarter worth about $34,000. Olde Wealth Management LLC bought a new position in shares of Deckers Outdoor during the 1st quarter valued at approximately $47,000. Banque Transatlantique SA purchased a new stake in shares of Deckers Outdoor during the 1st quarter worth approximately $51,000. Costello Asset Management INC bought a new stake in shares of Deckers Outdoor in the 1st quarter worth approximately $78,000. Finally, Park Place Capital Corp lifted its stake in Deckers Outdoor by 14.9% in the second quarter. Park Place Capital Corp now owns 771 shares of the textile maker's stock valued at $81,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the transaction, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $103.87 on Friday. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The stock has a market cap of $15.41 billion, a P/E ratio of 15.93, a PEG ratio of 3.86 and a beta of 1.05. The firm's fifty day moving average price is $110.89 and its 200-day moving average price is $110.16.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, topping 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 business had revenue of $964.54 million during the quarter, compared to analysts' expectations of $901.45 million. During the same period in the previous year, the business earned $4.52 earnings per share. The firm's revenue was up 16.9% on a year-over-year basis. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Sell-side analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Deckers Outdoor from $90.00 to $100.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Needham & Company LLC restated a "buy" rating and issued a $128.00 price objective (up from $120.00) on shares of Deckers Outdoor in a research note on Wednesday, July 23rd. Telsey Advisory Group reaffirmed a "market perform" rating and set a $120.00 price objective on shares of Deckers Outdoor in a report on Friday, July 25th. Argus initiated coverage on shares of Deckers Outdoor in a research note on Friday, June 13th. They issued a "hold" rating for the company. Finally, Bank of America boosted their price target on shares of Deckers Outdoor from $120.00 to $122.00 and gave the company a "neutral" rating in a research report on Thursday, September 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 two have assigned a Sell rating to the company. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of "Hold" and an average price target of $136.32.

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.

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