Deckers Outdoor Corporation $DECK Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its shareholding in Deckers Outdoor Corporation by 16.7% during the 1st quarter, maintaining 13,007 shares valued at approximately $1.45 million.
• Deckers Outdoor reported a robust 1st quarter with an EPS of $0.93, exceeding estimates, and a revenue increase of 16.9% year-over-year.
• The company has authorized a $2.25 billion share repurchase program, allowing it to buy back about 11.7% of its shares, indicating management's belief that the stock is undervalued.

Rafferty Asset Management LLC cut its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 16.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,007 shares of the textile maker's stock after selling 2,605 shares during the period. Rafferty Asset Management LLC's holdings in Deckers Outdoor were worth $1,454,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Horizon Investments LLC raised its position in Deckers Outdoor by 4.6% during the first quarter. Horizon Investments LLC now owns 2,179 shares of the textile maker's stock valued at $244,000 after purchasing an additional 96 shares during the period. Cumberland Partners Ltd raised its position in Deckers Outdoor by 0.4% during the first quarter. Cumberland Partners Ltd now owns 27,991 shares of the textile maker's stock valued at $3,130,000 after purchasing an additional 98 shares during the period. Mpwm Advisory Solutions LLC purchased a new stake in Deckers Outdoor during the fourth quarter valued at approximately $26,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Deckers Outdoor by 0.8% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,106 shares of the textile maker's stock worth $1,913,000 after buying an additional 140 shares during the period. Finally, Captrust Financial Advisors raised its holdings in shares of Deckers Outdoor by 1.9% in the fourth quarter. Captrust Financial Advisors now owns 7,505 shares of the textile maker's stock worth $1,524,000 after buying an additional 143 shares during the period. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Down 2.9%

Shares of NYSE DECK traded down $3.54 during mid-day trading on Friday, reaching $120.37. 2,192,393 shares of the company were exchanged, compared to its average volume of 2,465,278. The stock has a market cap of $17.86 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 4.71 and a beta of 1.05. Deckers Outdoor Corporation has a 1 year low of $93.72 and a 1 year high of $223.98. The firm has a 50-day moving average of $107.73 and a 200 day moving average of $113.00.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $964.54 million during the quarter, compared to analysts' expectations of $901.45 million. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The firm's quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, equities analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Deckers Outdoor announced that its Board of Directors has authorized a share repurchase program on Thursday, May 22nd that authorizes the company to buyback $2.25 billion in shares. This buyback authorization authorizes the textile maker to repurchase up to 11.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

DECK has been the topic of several recent analyst reports. Argus initiated coverage on Deckers Outdoor in a report on Friday, June 13th. They issued a "hold" rating on the stock. Raymond James Financial increased their price target on Deckers Outdoor from $123.00 to $137.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Barclays raised their price objective on Deckers Outdoor from $128.00 to $134.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Telsey Advisory Group restated a "market perform" rating and set a $120.00 price objective on shares of Deckers Outdoor in a report on Friday, July 25th. Finally, Needham & Company LLC restated a "buy" rating and set a $128.00 price objective (up from $120.00) on shares of Deckers Outdoor in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $137.50.

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.