Meiji Yasuda Asset Management Co Ltd. Buys 5,827 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Meiji Yasuda Asset Management Co Ltd. increased its holdings in Deckers Outdoor Corporation by 240.5%, owning 8,250 shares valued at approximately $922,000 at the end of the last quarter.
• Deckers Outdoor reported a quarterly earnings per share (EPS) of $0.93, surpassing analyst expectations of $0.68, and achieved revenue of $964.54 million, a 16.9% increase from the prior year.
• The company has initiated a $2.25 billion stock buyback program, allowing it to repurchase up to 11.7% of its shares, signaling the board's belief that the stock is undervalued.

Meiji Yasuda Asset Management Co Ltd. lifted its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 240.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,250 shares of the textile maker's stock after buying an additional 5,827 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in Deckers Outdoor were worth $922,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DECK. Federated Hermes Inc. raised its stake 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 worth $130,144,000 after buying an additional 1,108,516 shares in the last quarter. Nuveen LLC bought a new stake in shares of Deckers Outdoor in the 1st quarter worth $97,935,000. Pacer Advisors Inc. raised its stake in shares of 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 buying an additional 627,918 shares in the last quarter. Atreides Management LP raised its stake in shares of Deckers Outdoor by 123.6% in the 1st quarter. Atreides Management LP now owns 1,078,693 shares of the textile maker's stock worth $120,609,000 after buying an additional 596,359 shares in the last quarter. Finally, AMF Tjanstepension AB raised its stake in shares of Deckers Outdoor by 1,037.7% in the 1st quarter. AMF Tjanstepension AB now owns 596,735 shares of the textile maker's stock worth $66,721,000 after buying an additional 544,283 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DECK. KeyCorp reissued a "sector weight" rating and issued a $150.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 23rd. Raymond James Financial boosted their target price on Deckers Outdoor from $123.00 to $137.00 and gave the stock a "strong-buy" rating in a research report on Friday, July 25th. Truist Financial boosted their target price on Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. KGI Securities raised Deckers Outdoor to a "hold" rating in a research report on Monday, May 26th. Finally, UBS Group boosted their target price on Deckers Outdoor from $144.00 to $158.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Deckers Outdoor has a consensus rating of "Hold" and an average price target of $137.89.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company's 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 owned 10,979 shares in the company, valued at approximately $1,295,741.58. This represents a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Trading Up 0.5%

NYSE DECK traded up $0.63 on Monday, reaching $119.13. The stock had a trading volume of 811,525 shares, compared to its average volume of 3,309,170. The business has a 50 day moving average price of $108.86 and a 200 day moving average price of $111.55. Deckers Outdoor Corporation has a 1 year low of $93.72 and a 1 year high of $223.98. The company has a market capitalization of $17.67 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 4.47 and a beta of 1.05.

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

Deckers Outdoor announced that its board has initiated a stock repurchase program on Thursday, May 22nd that authorizes the company to buyback $2.25 billion in shares. This buyback authorization authorizes the textile maker to buy up to 11.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

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.