Magnetar Financial LLC Buys New Shares in Deckers Outdoor Corporation $DECK

Key Points

• Magnetar Financial LLC acquired a new stake in Deckers Outdoor Corporation, purchasing 8,792 shares valued at approximately $983,000 during the first quarter.
• Deckers Outdoor recently reported earnings of $0.93 per share, exceeding analyst expectations of $0.68, and had revenue of $964.54 million for the quarter, up 16.9% from the previous year.
• The company has authorized a $2.25 billion stock buyback plan, indicating management's belief that the stock is undervalued.

Magnetar Financial LLC bought a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,792 shares of the textile maker's stock, valued at approximately $983,000.

Other large investors also recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at $26,000. Vega Investment Solutions purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at $29,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Deckers Outdoor during the 1st quarter valued at $34,000. Fourth Dimension Wealth LLC purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at $41,000. Finally, Itau Unibanco Holding S.A. lifted its stake in Deckers Outdoor by 352.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock worth $44,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on DECK shares. The Goldman Sachs Group decreased their price target on shares of Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating on the stock in a research note on Tuesday, July 22nd. Telsey Advisory Group reiterated a "market perform" rating and issued a $120.00 price target on shares of Deckers Outdoor in a research note on Friday, July 25th. Wells Fargo & Company boosted their price target on shares of Deckers Outdoor from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. TD Securities boosted their price target on shares of Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Finally, Cowen reiterated a "buy" rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. 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 company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $137.50.

Insider Activity

In other news, insider Angela Ogbechie sold 6,244 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $103.89, for a total transaction of $648,689.16. Following the sale, the insider directly owned 19,980 shares in the company, valued at approximately $2,075,722.20. This represents a 23.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cindy L. Davis bought 1,825 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were acquired at an average price of $109.76 per share, for a total transaction of $200,312.00. Following the completion of the transaction, the director directly owned 13,340 shares in the company, valued at approximately $1,464,198.40. This 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.

Deckers Outdoor Trading Up 1.2%

Shares of NYSE DECK opened at $119.61 on Friday. The firm's 50-day moving average price is $105.72 and its 200-day moving average price is $113.88. The stock has a market capitalization of $17.74 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 4.54 and a beta of 0.99. Deckers Outdoor Corporation has a 12-month low of $93.72 and a 12-month high of $223.98.

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

Deckers Outdoor declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 22nd that permits the company to buyback $2.25 billion in outstanding shares. This buyback authorization permits the textile maker to purchase up to 11.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is 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.

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