Northern Trust Corp Has $187.90 Million Stock Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Northern Trust Corp increased its stake in Deckers Outdoor Corporation by 6.2%, now owning 1.68 million shares valued at approximately $188 million.
• A significant portion of Deckers stocks, about 97.79%, are owned by hedge funds and institutional investors, indicating strong institutional interest in the company.
• Deckers Outdoor reported earnings of $0.93 EPS for the last quarter, surpassing estimates, with a revenue of $964.54 million, up 16.9% year-over-year.

Northern Trust Corp lifted its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 6.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,680,558 shares of the textile maker's stock after purchasing an additional 98,856 shares during the period. Northern Trust Corp owned about 1.11% of Deckers Outdoor worth $187,903,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Deckers Outdoor by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker's stock worth $1,984,339,000 after purchasing an additional 107,635 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Deckers Outdoor by 11.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,149 shares of the textile maker's stock worth $289,027,000 after buying an additional 145,794 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Deckers Outdoor by 11.0% during the 1st quarter. Deutsche Bank AG now owns 1,237,748 shares of the textile maker's stock worth $138,393,000 after buying an additional 123,009 shares during the last quarter. Federated Hermes Inc. increased its holdings in 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 purchasing an additional 1,108,516 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Deckers Outdoor by 8.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,130,461 shares of the textile maker's stock valued at $126,380,000 after purchasing an additional 92,068 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on DECK shares. Evercore ISI increased their price target on shares of Deckers Outdoor from $110.00 to $115.00 and gave the stock an "in-line" rating in a research report on Friday, July 25th. Truist Financial raised their price objective on shares of Deckers Outdoor from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, July 25th. TD Securities raised 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. Cowen reissued a "buy" rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. Finally, Bank of America dropped their target price on shares of Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat, Deckers Outdoor presently has an average rating of "Hold" and an average target price of $137.50.

Deckers Outdoor Trading Up 2.2%

Shares of DECK stock traded up $2.55 during trading hours on Wednesday, hitting $116.24. 529,904 shares of the company were exchanged, compared to its average volume of 3,362,393. The business has a 50 day moving average of $104.70 and a two-hundred day moving average of $114.70. Deckers Outdoor Corporation has a 52 week low of $93.72 and a 52 week high of $223.98. The company has a market capitalization of $17.24 billion, a PE ratio of 17.86, a PEG ratio of 4.29 and a beta of 0.99.

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

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

Insider Buying and Selling at Deckers Outdoor

In related news, Director Cindy L. Davis acquired 1,825 shares of the company's stock in a transaction dated Friday, June 6th. The shares were bought at an average cost of $109.76 per share, with a total value of $200,312.00. Following the completion of the transaction, the director directly owned 13,340 shares of the company's stock, valued at $1,464,198.40. This trade represents a 15.85% increase in their ownership of the stock. The acquisition 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 firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $103.89, for a total transaction of $648,689.16. Following the transaction, the insider directly owned 19,980 shares in the company, valued at approximately $2,075,722.20. This represents 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.

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.