Quantitative Investment Management LLC Increases Stock Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Quantitative Investment Management LLC increased its stake in Deckers Outdoor Corporation by 175.6%, acquiring an additional 10,515 shares, bringing its total holdings to 16,504 shares valued at approximately $1.845 million.
• Deckers Outdoor's earnings exceeded expectations, reporting $0.93 EPS against analysts' estimates of $0.68, with quarterly revenue of $964.54 million, a 16.9% increase year-over-year.
• The company has approved a share repurchase plan allowing for the repurchase of up to $2.25 billion in shares, signaling management's belief that its stock is undervalued.

Quantitative Investment Management LLC grew its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 175.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,504 shares of the textile maker's stock after acquiring an additional 10,515 shares during the period. Quantitative Investment Management LLC's holdings in Deckers Outdoor were worth $1,845,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter valued at $26,000. Vega Investment Solutions acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at $29,000. Fourth Dimension Wealth LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at $41,000. Itau Unibanco Holding S.A. lifted its stake in shares of Deckers Outdoor by 352.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock valued at $44,000 after purchasing an additional 169 shares during the period. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Deckers Outdoor in the 1st quarter valued at $34,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DECK. Needham & Company LLC reiterated a "buy" rating and issued a $128.00 target price (up from $120.00) on shares of Deckers Outdoor in a research note on Wednesday, July 23rd. Raymond James Financial boosted their target price on shares of Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. Truist Financial boosted their target price 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. Argus began coverage on shares of Deckers Outdoor in a research note on Friday, June 13th. They issued a "hold" rating for the company. Finally, TD Securities boosted their target price on shares of Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $137.50.

Deckers Outdoor Price Performance

NYSE DECK traded up $1.49 on Thursday, hitting $118.22. The company had a trading volume of 2,353,969 shares, compared to its average volume of 3,370,298. Deckers Outdoor Corporation has a 12-month low of $93.72 and a 12-month high of $223.98. The company 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. The company's fifty day moving average price is $105.37 and its 200-day moving average price is $114.42.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. The business had revenue of $964.54 million during 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 quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the business earned $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, sell-side analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor announced that its Board of Directors has approved a share buyback plan on Thursday, May 22nd that allows the company to repurchase $2.25 billion in shares. This repurchase authorization allows the textile maker to repurchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Insider Activity

In other news, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction dated 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 sale, the insider directly owned 19,980 shares in the company, valued at $2,075,722.20. This represents a 23.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Cindy L. Davis bought 1,825 shares of Deckers Outdoor stock in a transaction dated Friday, June 6th. The stock was acquired at an average price 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 approximately $1,464,198.40. The trade was a 15.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company 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.