Price T Rowe Associates Inc. MD Buys 246,483 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Deckers Outdoor Corporation by 23.8%, holding a total of 1,280,674 shares valued at approximately $143.2 million as of the latest SEC filing.
• Deckers Outdoor reported a quarterly earnings per share of $0.93, surpassing estimates, with a revenue of $964.54 million, reflecting a 16.9% increase compared to the previous year.
• The stock has received mixed ratings from analysts, with target prices ranging between $87.00 and $150.00, and a consensus rating of "Hold" established.

Price T Rowe Associates Inc. MD raised its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 23.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,280,674 shares of the textile maker's stock after purchasing an additional 246,483 shares during the period. Price T Rowe Associates Inc. MD owned 0.84% of Deckers Outdoor worth $143,193,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter valued at approximately $26,000. Vega Investment Solutions purchased a new stake in shares of Deckers Outdoor during the fourth quarter valued at approximately $29,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter valued at approximately $41,000. Itau Unibanco Holding S.A. grew its holdings in shares of Deckers Outdoor by 352.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock valued at $44,000 after buying an additional 169 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of Deckers Outdoor during the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock traded up $1.49 on Thursday, hitting $118.22. 2,353,969 shares of the company's stock were exchanged, compared to its average volume of 3,370,298. The company has a 50-day simple moving average of $105.02 and a 200-day simple moving average of $114.71. The stock has a market capitalization of $17.54 billion, a PE ratio of 18.13, a PEG ratio of 4.32 and a beta of 0.99. Deckers Outdoor Corporation has a 1 year low of $93.72 and a 1 year 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 the consensus estimate of $0.68 by $0.25. The business had revenue of $964.54 million for the quarter, compared to analysts' expectations of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The company's revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the company posted $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DECK shares. Argus started coverage on shares of Deckers Outdoor in a report on Friday, June 13th. They set a "hold" rating on the stock. Cowen restated a "buy" rating on shares of Deckers Outdoor in a report on Tuesday, May 20th. 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. UBS Group raised their target price on shares of Deckers Outdoor from $144.00 to $158.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $120.00 target price on shares of Deckers Outdoor in a 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 issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $137.50.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $109.08, for a total transaction of $32,724.00. Following the sale, the director directly owned 10,681 shares in the company, valued at $1,165,083.48. This trade represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela Ogbechie sold 6,244 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $103.89, for a total transaction of $648,689.16. Following the sale, the insider owned 19,980 shares in the company, valued at $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. Insiders own 0.40% of the company's stock.

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.