Deckers Outdoor Corporation $DECK Shares Bought by Martin Currie Ltd.

Key Points

• Martin Currie Ltd. increased its position in Deckers Outdoor Corporation by 25.4% in the 1st quarter, now holding approximately $39.83 million worth of stock.
• Institutional investors and hedge funds collectively own 97.79% of Deckers Outdoor's stock, indicating strong institutional confidence in the company.
• Deckers Outdoor announced a $2.25 billion share buyback program, which signals the board's belief that the company's stock is currently undervalued.

Martin Currie Ltd. increased its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 25.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 356,211 shares of the textile maker's stock after purchasing an additional 72,161 shares during the period. Deckers Outdoor accounts for 1.6% of Martin Currie Ltd.'s holdings, making the stock its 21st biggest holding. Martin Currie Ltd. owned about 0.23% of Deckers Outdoor worth $39,828,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Federated Hermes Inc. boosted its holdings in shares of Deckers Outdoor by 1,998.7% in the 1st quarter. Federated Hermes Inc. now owns 1,163,977 shares of the textile maker's stock valued at $130,144,000 after buying an additional 1,108,516 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Deckers Outdoor during the first quarter valued at $97,935,000. Pacer Advisors Inc. raised its stake in Deckers Outdoor by 4,770.0% in the 1st quarter. Pacer Advisors Inc. now owns 641,082 shares of the textile maker's stock worth $71,679,000 after acquiring an additional 627,918 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Deckers Outdoor by 204.8% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker's stock worth $180,674,000 after acquiring an additional 597,743 shares during the last quarter. Finally, AMF Tjanstepension AB lifted its position in Deckers Outdoor by 1,037.7% during the 1st quarter. AMF Tjanstepension AB now owns 596,735 shares of the textile maker's stock worth $66,721,000 after acquiring an additional 544,283 shares during the period. Institutional investors own 97.79% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on DECK shares. KeyCorp reissued a "sector weight" rating and issued a $150.00 price objective on shares of Deckers Outdoor in a report on Friday, May 23rd. Wells Fargo & Company increased their price target on shares of Deckers Outdoor from $90.00 to $100.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. UBS Group lifted their price objective on shares of Deckers Outdoor from $144.00 to $158.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Cowen reaffirmed a "buy" rating on shares of Deckers Outdoor in a report on Tuesday, May 20th. Finally, TD Securities increased their price objective 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. One 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 assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $137.50.

Insider Buying and Selling

In related news, insider Angela Ogbechie sold 6,244 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $103.89, for a total value of $648,689.16. Following the sale, the insider owned 19,980 shares of the company's stock, valued at $2,075,722.20. This trade represents a 23.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $109.08, for a total transaction of $32,724.00. Following the transaction, the director owned 10,681 shares of the company's stock, valued at $1,165,083.48. This trade represents a 2.73% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Stock Performance

Shares of DECK stock traded down $0.1390 on Tuesday, hitting $105.4410. 1,570,797 shares of the stock traded hands, compared to its average volume of 3,399,109. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98. The firm's 50-day moving average price is $104.37 and its two-hundred day moving average price is $116.92. The stock has a market capitalization of $15.64 billion, a PE ratio of 16.17, a PEG ratio of 3.91 and a beta of 0.99.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, July 24th. The textile maker reported $0.93 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 the consensus estimate of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. Deckers Outdoor's quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, equities research analysts anticipate 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 shares. This buyback authorization allows the textile maker to purchase up to 11.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board 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.