Meiji Yasuda Life Insurance Co Boosts Position in Deckers Outdoor Corporation $DECK

Key Points

• Meiji Yasuda Life Insurance Co increased its stake in Deckers Outdoor Corporation by 17.8%, accumulating a total of 48,802 shares valued at approximately $5.46 million.
• Deckers Outdoor reported strong quarterly earnings with an EPS of $0.93, surpassing expectations, and a year-over-year revenue growth of 16.9%.
• The company announced a $2.25 billion stock buyback program, indicating confidence from the Board that its shares are undervalued.

Meiji Yasuda Life Insurance Co boosted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 17.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,802 shares of the textile maker's stock after acquiring an additional 7,378 shares during the period. Meiji Yasuda Life Insurance Co's holdings in Deckers Outdoor were worth $5,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of DECK. Mpwm Advisory Solutions LLC purchased a new position in Deckers Outdoor during the 4th quarter worth approximately $26,000. Vega Investment Solutions acquired a new stake in Deckers Outdoor during the 4th quarter worth $29,000. Fourth Dimension Wealth LLC acquired a new stake in Deckers Outdoor during the 4th quarter worth $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in Deckers Outdoor during the 1st quarter worth $34,000. Finally, Olde Wealth Management LLC acquired a new stake in Deckers Outdoor during the 1st quarter worth $47,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Trading Down 2.9%

Deckers Outdoor stock opened at $120.37 on Monday. The stock has a market cap of $17.86 billion, a PE ratio of 18.46, a P/E/G ratio of 4.57 and a beta of 1.05. The stock has a 50-day moving average price of $107.73 and a 200 day moving average price of $112.46. Deckers Outdoor Corporation has a 52 week low of $93.72 and a 52 week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.68 by $0.25. The company had revenue of $964.54 million during 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 firm's revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business 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 year.

Deckers Outdoor announced that its Board of Directors has authorized a stock buyback program on Thursday, May 22nd that authorizes the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization authorizes the textile maker to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have recently weighed in on DECK shares. Robert W. Baird boosted their price target on shares of Deckers Outdoor from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. The Goldman Sachs Group cut 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. 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. Truist Financial upped their target price on shares of Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $120.00 target price on shares of Deckers Outdoor in a research note on Friday, July 25th. 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 issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $137.50.

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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