Deckers Outdoor Corporation $DECK Shares Sold by National Pension Service

Key Points

• The National Pension Service sold 217,475 shares of Deckers Outdoor Corporation, reducing its position by 84.5% to 39,807 shares, valued at approximately $4.45 million.
• Deckers Outdoor reported $0.93 earnings per share for the last quarter, exceeding expectations and indicating a 16.9% year-over-year revenue increase.
• The company announced a $2.25 billion share repurchase program, signaling management's belief that its stock is undervalued.

National Pension Service decreased its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 84.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,807 shares of the textile maker's stock after selling 217,475 shares during the period. National Pension Service's holdings in Deckers Outdoor were worth $4,451,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Russell Investments Group Ltd. increased its position in Deckers Outdoor by 43.7% during the first quarter. Russell Investments Group Ltd. now owns 506,576 shares of the textile maker's stock valued at $56,639,000 after acquiring an additional 154,002 shares during the last quarter. Prudential PLC increased its position in Deckers Outdoor by 6.1% during the first quarter. Prudential PLC now owns 69,051 shares of the textile maker's stock valued at $7,721,000 after acquiring an additional 3,957 shares during the last quarter. Resona Asset Management Co. Ltd. increased its position in Deckers Outdoor by 2.4% during the first quarter. Resona Asset Management Co. Ltd. now owns 52,893 shares of the textile maker's stock valued at $5,912,000 after acquiring an additional 1,224 shares during the last quarter. HighTower Advisors LLC increased its position in Deckers Outdoor by 38.6% during the first quarter. HighTower Advisors LLC now owns 77,998 shares of the textile maker's stock valued at $8,721,000 after acquiring an additional 21,722 shares during the last quarter. Finally, Trillium Asset Management LLC increased its position in Deckers Outdoor by 6.9% during the first quarter. Trillium Asset Management LLC now owns 147,161 shares of the textile maker's stock valued at $16,454,000 after acquiring an additional 9,474 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Up 3.7%

Shares of NYSE DECK traded up $3.9050 during trading hours on Friday, hitting $108.5950. 759,646 shares of the stock were exchanged, compared to its average volume of 3,370,680. The company has a market cap of $16.11 billion, a PE ratio of 16.64, a PEG ratio of 3.95 and a beta of 0.99. The firm has a fifty day moving average price of $104.14 and a 200-day moving average price of $116.30. 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 posted its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, topping the consensus estimate of $0.68 by $0.25. The firm had revenue of $964.54 million during the quarter, compared to analyst estimates of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. Deckers Outdoor's revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, equities analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor declared that its board has initiated a stock repurchase plan on Thursday, May 22nd that permits the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization permits the textile maker to purchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Cindy L. Davis bought 1,825 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were purchased at an average cost of $109.76 per share, with a total value of $200,312.00. Following the transaction, the director directly owned 13,340 shares in the company, valued at approximately $1,464,198.40. The trade was a 15.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Angela Ogbechie sold 6,244 shares of the company's stock in a transaction 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 completion of the transaction, the insider directly owned 19,980 shares in the company, valued at approximately $2,075,722.20. The trade was a 23.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DECK. Robert W. Baird raised their price target on Deckers Outdoor from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. KGI Securities raised Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. Barclays upped their target price on shares of Deckers Outdoor from $128.00 to $134.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Argus began coverage on shares of Deckers Outdoor in a research note on Friday, June 13th. They issued a "hold" rating on the stock. Finally, Cowen restated a "buy" rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Deckers Outdoor currently has an average rating of "Hold" and an average target price of $137.50.

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.