Nissay Asset Management Corp Japan ADV Reduces Position in Deckers Outdoor Corporation $DECK

Key Points

• Nissay Asset Management Corp Japan ADV decreased its holdings in Deckers Outdoor Corporation by 36.0% in Q1, owning approximately $10.12 million worth of the company at the end of the reporting period.
• Deckers Outdoor reported Q1 earnings of $0.93 per share, beating consensus estimates and signaling a revenue increase of 16.9% year-over-year, with a reported revenue of approximately $964.54 million.
• Wall Street analysts have varying ratings on Deckers Outdoor, with price targets ranging from $87.00 to $150.00, reflecting a consensus rating of "Hold" and a target price of $137.50.

Nissay Asset Management Corp Japan ADV cut its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 36.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,502 shares of the textile maker's stock after selling 50,903 shares during the period. Nissay Asset Management Corp Japan ADV owned about 0.06% of Deckers Outdoor worth $10,119,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter worth approximately $26,000. Vega Investment Solutions acquired a new position in shares of Deckers Outdoor in the 4th quarter worth approximately $29,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Deckers Outdoor in the 1st quarter worth approximately $34,000. Fourth Dimension Wealth LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter worth approximately $41,000. Finally, Olde Wealth Management LLC bought a new stake in shares of Deckers Outdoor in the 1st quarter valued at $47,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Deckers Outdoor from $140.00 to $150.00 and gave the company an "outperform" rating in a research note 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. KGI Securities upgraded shares of Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. KeyCorp reiterated a "sector weight" rating and issued a $150.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 23rd. Finally, Bank of America decreased their price target on shares of Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $137.50.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the sale, the director directly owned 10,979 shares of the company's stock, valued at $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Trading Up 3.0%

Shares of NYSE:DECK traded up $3.46 during midday trading on Thursday, reaching $117.59. The company had a trading volume of 589,959 shares, compared to its average volume of 3,321,453. The company's 50 day moving average price is $108.37 and its 200 day moving average price is $112.29. The stock has a market cap of $17.44 billion, a P/E ratio of 18.03, a P/E/G ratio of 4.35 and a beta of 1.05. 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 issued its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share 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%. The firm's quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Research analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor announced that its board has approved a stock buyback plan on Thursday, May 22nd that allows the company to buyback $2.25 billion in outstanding shares. This buyback authorization allows the textile maker to repurchase up to 11.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are 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.