Second Line Capital LLC Acquires Shares of 11,336 Deckers Outdoor Corporation $DECK

Key Points

• Second Line Capital LLC acquired 11,336 shares of Deckers Outdoor Corporation, valued at approximately $1,267,000, during the first quarter.
• Deckers Outdoor reported a strong earnings performance, with an EPS of $0.93, exceeding estimates and reflecting a 16.9% revenue increase compared to the previous year.
• The company has authorized a $2.25 billion stock repurchase program, indicating confidence in the stock's value and commitment to enhancing shareholder returns.

Second Line Capital LLC acquired a new position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,336 shares of the textile maker's stock, valued at approximately $1,267,000.

Several other institutional investors also recently modified their holdings of DECK. Federated Hermes Inc. grew 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 worth $130,144,000 after purchasing an additional 1,108,516 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Deckers Outdoor during the 1st quarter worth approximately $97,935,000. Pacer Advisors Inc. grew 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 worth $71,679,000 after purchasing an additional 627,918 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of 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 in the last quarter. Finally, AMF Tjanstepension AB grew its holdings in shares of Deckers Outdoor by 1,037.7% during the 1st quarter. AMF Tjanstepension AB now owns 596,735 shares of the textile maker's stock worth $66,721,000 after purchasing an additional 544,283 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Stock Up 2.7%

DECK traded up $3.18 during trading on Tuesday, hitting $122.81. The company's stock had a trading volume of 3,263,780 shares, compared to its average volume of 2,368,282. The firm's 50 day moving average price is $106.52 and its two-hundred day moving average price is $113.38. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98. The stock has a market capitalization of $18.22 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 4.54 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $901.45 million. During the same quarter in the prior year, the firm posted $4.52 earnings per share. The firm'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, sell-side analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Deckers Outdoor announced that its board has initiated 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 shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at Deckers Outdoor

In related news, Director Cindy L. Davis acquired 1,825 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was acquired at an average price of $109.76 per share, for a total transaction of $200,312.00. Following the completion of the acquisition, the director owned 13,340 shares of the company's stock, valued at $1,464,198.40. This trade represents a 15.85% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated 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 sale, the director owned 10,681 shares of the company's stock, valued at $1,165,083.48. This trade represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DECK. Raymond James Financial boosted their price target on Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. Needham & Company LLC reaffirmed a "buy" rating and issued a $128.00 price target (up previously from $120.00) on shares of Deckers Outdoor in a research note on Wednesday, July 23rd. TD Securities boosted their price target on Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Wells Fargo & Company boosted their price target on Deckers Outdoor from $90.00 to $100.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Finally, Barclays boosted their price target on Deckers Outdoor from $128.00 to $134.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. One investment 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $137.50.

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.