Deckers Outdoor Corporation $DECK Shares Acquired by Samlyn Capital LLC

Key Points

• Samlyn Capital LLC has increased its holdings in Deckers Outdoor Corporation by 108.2%, now owning 757,795 shares valued at approximately $84.7 million.
• Deckers Outdoor reported a better-than-expected earnings per share (EPS) of $0.93 for the latest quarter, surpassing analysts' expectations of $0.68, along with a revenue of $964.54 million.
• The company has initiated a $2.25 billion share buyback program, allowing it to repurchase up to 11.7% of its shares, indicating confidence in its stock valuation.

Samlyn Capital LLC lifted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 108.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 757,795 shares of the textile maker's stock after buying an additional 393,820 shares during the quarter. Deckers Outdoor accounts for approximately 1.3% of Samlyn Capital LLC's holdings, making the stock its 27th largest holding. Samlyn Capital LLC owned about 0.50% of Deckers Outdoor worth $84,729,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DECK. Federated Hermes Inc. raised its holdings in shares of Deckers Outdoor by 1,998.7% during the 1st quarter. Federated Hermes Inc. now owns 1,163,977 shares of the textile maker's stock valued at $130,144,000 after buying an additional 1,108,516 shares during the period. Nuveen LLC purchased a new stake in shares of Deckers Outdoor during the 1st quarter valued at about $97,935,000. Pacer Advisors Inc. raised its holdings in shares of Deckers Outdoor by 4,770.0% during the 1st quarter. Pacer Advisors Inc. now owns 641,082 shares of the textile maker's stock valued at $71,679,000 after buying an additional 627,918 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Deckers Outdoor by 204.8% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker's stock worth $180,674,000 after purchasing an additional 597,743 shares during the last quarter. Finally, Atreides Management LP increased its holdings in Deckers Outdoor by 123.6% during the 1st quarter. Atreides Management LP now owns 1,078,693 shares of the textile maker's stock worth $120,609,000 after purchasing an additional 596,359 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the transaction, the director owned 10,979 shares in the company, valued at $1,295,741.58. The trade was a 2.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. TD Securities lifted their price objective on Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. UBS Group lifted their price objective on Deckers Outdoor from $144.00 to $158.00 and gave the stock a "buy" rating in a report on Friday, July 25th. KeyCorp restated a "sector weight" rating and set a $150.00 price objective on shares of Deckers Outdoor in a report on Friday, May 23rd. Raymond James Financial lifted their price objective on Deckers Outdoor from $123.00 to $137.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Finally, Cowen reiterated a "buy" rating on shares of Deckers Outdoor in a report on Tuesday, May 20th. One 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $137.50.

Deckers Outdoor Stock Performance

Shares of NYSE DECK traded down $1.76 during trading on Tuesday, reaching $115.41. The stock had a trading volume of 1,880,160 shares, compared to its average volume of 2,524,042. 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 $17.12 billion, a PE ratio of 17.70, a P/E/G ratio of 4.42 and a beta of 1.05. The firm's 50 day moving average price is $108.21 and its two-hundred day moving average price is $112.28.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data 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 return on equity of 40.49% and a net margin of 19.42%.The business had revenue of $964.54 million during the quarter, compared to analyst estimates of $901.45 million. During the same quarter in the previous year, the firm posted $4.52 EPS. The business's revenue for the quarter 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. On average, research analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Deckers Outdoor declared that its board has initiated a share buyback plan 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 plans are often a sign that the company's board of directors believes its stock is undervalued.

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.