Deckers Outdoor Corporation $DECK Position Lessened by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. has reduced its stake in Deckers Outdoor Corporation by 22.6%, owning 706,980 shares valued at approximately $79.05 million following the sale of 206,167 shares in the first quarter.
• Deckers Outdoor reported earnings per share of $0.93 for the most recent quarter, exceeding analyst expectations of $0.68, and announced a stock buyback program authorizing up to $2.25 billion in share repurchases.
• The company has drawn interest from multiple institutional investors, with 97.79% of its shares owned by institutions, indicating strong market confidence in Deckers Outdoor.

Raymond James Financial Inc. decreased its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 22.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 706,980 shares of the textile maker's stock after selling 206,167 shares during the period. Raymond James Financial Inc. owned about 0.47% of Deckers Outdoor worth $79,048,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Ethic Inc. grew its holdings in Deckers Outdoor by 20.6% in the first quarter. Ethic Inc. now owns 26,782 shares of the textile maker's stock valued at $3,036,000 after purchasing an additional 4,571 shares during the last quarter. Martin Currie Ltd. boosted its stake in shares of Deckers Outdoor by 25.4% during the first quarter. Martin Currie Ltd. now owns 356,211 shares of the textile maker's stock valued at $39,828,000 after acquiring an additional 72,161 shares during the last quarter. Element Capital Management LLC acquired a new stake in shares of Deckers Outdoor during the first quarter valued at $2,581,000. Dimensional Fund Advisors LP boosted its stake in shares of Deckers Outdoor by 8.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,130,461 shares of the textile maker's stock valued at $126,380,000 after acquiring an additional 92,068 shares during the last quarter. Finally, Horizon Investments LLC boosted its stake in shares of 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 acquiring an additional 96 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on DECK shares. Evercore ISI increased their price objective on Deckers Outdoor from $110.00 to $115.00 and gave the company an "in-line" rating in a research note on Friday, July 25th. Bank of America reduced their target price on Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Barclays increased their target price on Deckers Outdoor from $128.00 to $134.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Wells Fargo & Company increased their target price on Deckers Outdoor from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Finally, Argus began coverage on Deckers Outdoor in a report on Friday, June 13th. They issued a "hold" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $137.50.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK traded up $4.2630 during mid-day trading on Friday, hitting $108.9530. 2,456,777 shares of the company traded hands, compared to its average volume of 3,409,619. The firm has a market cap of $16.16 billion, a P/E ratio of 16.71, a PEG ratio of 4.14 and a beta of 0.99. Deckers Outdoor Corporation has a 52-week low of $93.72 and a 52-week high of $223.98. The firm's 50 day simple moving average is $104.29 and its 200 day simple moving average is $115.49.

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, beating analysts' consensus estimates of $0.68 by $0.25. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The firm had revenue of $964.54 million during the quarter, compared to analyst estimates of $901.45 million. During the same quarter last year, the firm earned $4.52 EPS. Deckers Outdoor's quarterly 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. Equities research analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor declared that its Board of Directors has approved a stock repurchase program on Thursday, May 22nd that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the textile maker to buy up to 11.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 6,244 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $103.89, for a total transaction of $648,689.16. Following the completion of the sale, the insider owned 19,980 shares in the company, valued at $2,075,722.20. This trade represents a 23.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $109.08, for a total value of $32,724.00. Following the completion of the transaction, the director owned 10,681 shares of the company's stock, valued at approximately $1,165,083.48. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Deckers Outdoor Company 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.