RB Capital Management LLC Has $1.10 Million Holdings in Deckers Outdoor Corporation $DECK

Key Points

• RB Capital Management LLC increased its stake in Deckers Outdoor Corporation by 31.6%, owning 9,807 shares valued at approximately $1.10 million.
• Deckers Outdoor recently reported earnings of $0.93 per share, exceeding analysts' estimates, with revenue reaching $964.54 million for the quarter, a 16.9% increase year-over-year.
• The company has initiated a $2.25 billion share repurchase program, allowing it to buy back up to 11.7% of its stock in an indication of perceived undervaluation.

RB Capital Management LLC boosted its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 31.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,807 shares of the textile maker's stock after purchasing an additional 2,355 shares during the quarter. RB Capital Management LLC's holdings in Deckers Outdoor were worth $1,097,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Horizon Investments LLC raised its position in shares of Deckers Outdoor by 4.6% in the 1st 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 period. Cumberland Partners Ltd boosted its position in shares of Deckers Outdoor by 0.4% during the first quarter. Cumberland Partners Ltd now owns 27,991 shares of the textile maker's stock worth $3,130,000 after purchasing an additional 98 shares in the last quarter. Utah Retirement Systems grew its holdings in shares of Deckers Outdoor by 0.4% in the 4th quarter. Utah Retirement Systems now owns 25,136 shares of the textile maker's stock valued at $5,105,000 after buying an additional 100 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at $26,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Deckers Outdoor by 0.8% during 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 acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $113.70 on Wednesday. The company has a fifty day moving average price of $104.70 and a two-hundred day moving average price of $114.70. Deckers Outdoor Corporation has a one year low of $93.72 and a one year high of $223.98. The stock has a market cap of $16.87 billion, a P/E ratio of 17.44, a P/E/G ratio of 4.29 and a beta of 0.99.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The company had revenue of $964.54 million for the quarter, compared to analysts' expectations of $901.45 million. During the same period in the prior year, the firm earned $4.52 EPS. Deckers Outdoor's quarterly revenue was up 16.9% compared to the same quarter last year. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, equities research analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor announced that its board has initiated 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 reacquire up to 11.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. KGI Securities upgraded Deckers Outdoor to a "hold" rating in a report on Monday, May 26th. Telsey Advisory Group reissued a "market perform" rating and set a $120.00 price objective on shares of Deckers Outdoor in a research report on Friday, July 25th. UBS Group raised their price objective 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. TD Securities increased their target price on Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, Truist Financial increased their target price on Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, July 25th. One equities research 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $137.50.

Insider Buying and Selling at Deckers Outdoor

In related news, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $103.89, for a total value of $648,689.16. Following the sale, the insider owned 19,980 shares in the company, valued at approximately $2,075,722.20. This represents a 23.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cindy L. Davis purchased 1,825 shares of the business's stock in a transaction on Friday, June 6th. The shares were acquired at an average cost of $109.76 per share, with a total value of $200,312.00. Following the acquisition, the director directly owned 13,340 shares in the company, 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. 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.

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