Shellback Capital LP Sells 53,485 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Shellback Capital LP has reduced its stake in Deckers Outdoor Corporation (NYSE:DECK) by 31.4%, now owning approximately $13 million worth of shares.
• Deckers Outdoor reported strong quarterly earnings, with a net margin of 19.42% and revenue of $964.54 million, exceeding analyst estimates significantly.
• The company has approved a $2.25 billion stock buyback program, indicating confidence in its current share valuation.

Shellback Capital LP reduced its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 31.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,600 shares of the textile maker's stock after selling 53,485 shares during the period. Shellback Capital LP owned 0.08% of Deckers Outdoor worth $13,037,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DECK. Federated Hermes Inc. boosted its stake in Deckers Outdoor by 1,998.7% in the first quarter. Federated Hermes Inc. now owns 1,163,977 shares of the textile maker's stock valued at $130,144,000 after acquiring an additional 1,108,516 shares during the period. Nuveen LLC bought a new stake in Deckers Outdoor during the first quarter worth approximately $97,935,000. Pacer Advisors Inc. raised its holdings in Deckers Outdoor by 4,770.0% during the first 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. raised its holdings in Deckers Outdoor by 204.8% during the fourth 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, Atreides Management LP increased its holdings in shares of Deckers Outdoor by 123.6% in the first quarter. Atreides Management LP now owns 1,078,693 shares of the textile maker's stock valued at $120,609,000 after buying an additional 596,359 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

Shares of DECK stock traded up $3.84 during trading hours on Thursday, hitting $117.97. The company had a trading volume of 1,316,753 shares, compared to its average volume of 3,324,651. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98. The firm's fifty day moving average is $108.37 and its 200 day moving average is $112.29. The firm has a market capitalization of $17.50 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 4.35 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $901.45 million. During the same quarter in the previous year, the company posted $4.52 earnings per share. 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. On average, sell-side analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor announced that its board has approved a share buyback plan 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 plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction 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 transaction, the director owned 10,979 shares of the company's stock, valued at approximately $1,295,741.58. This represents a 2.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DECK shares. Argus began coverage on Deckers Outdoor in a report on Friday, June 13th. They issued a "hold" rating on the stock. Robert W. Baird lifted their price objective on Deckers Outdoor from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Needham & Company LLC reissued a "buy" rating and set a $128.00 price objective (up previously from $120.00) on shares of Deckers Outdoor in a research report on Wednesday, July 23rd. Barclays increased their target price on shares of Deckers Outdoor from $128.00 to $134.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Finally, TD Securities raised their price target on Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Deckers Outdoor has a consensus rating of "Hold" and a consensus 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.