5,000 Shares in Deckers Outdoor Corporation $DECK Bought by Siren L.L.C.

Key Points

• Siren L.L.C. invested $559,000 in Deckers Outdoor Corporation, acquiring 5,000 shares during the first quarter, demonstrating increasing institutional interest in the company.
• Deckers reported earnings of $0.93 per share for Q2, exceeding analyst estimates by $0.25, and achieved a revenue of $964.54 million, up 16.9% year-over-year.
• The company announced a stock repurchase plan authorizing the buyback of up to $2.25 billion in outstanding shares, indicating management's belief in the stock's undervaluation.

Siren L.L.C. purchased a new position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,000 shares of the textile maker's stock, valued at approximately $559,000.

Other hedge funds have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new position in shares of Deckers Outdoor during the 4th quarter valued at approximately $247,000. Kovitz Investment Group Partners LLC bought a new position in Deckers Outdoor during the fourth quarter valued at $427,000. Northern Trust Corp increased its position in Deckers Outdoor by 13.9% in the fourth quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock worth $321,228,000 after buying an additional 192,469 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in Deckers Outdoor by 21.2% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 3,813 shares of the textile maker's stock worth $774,000 after acquiring an additional 668 shares during the last quarter. Finally, Utah Retirement Systems raised its stake in 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 acquiring an additional 100 shares during the period. Institutional investors own 97.79% of the company's stock.

Analysts Set New Price Targets

DECK has been the subject of several recent research reports. The Goldman Sachs Group reduced their target price on shares of Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating for the company in a research note on Tuesday, July 22nd. Barclays lifted their price objective on shares of Deckers Outdoor from $128.00 to $134.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Raymond James Financial increased their target price on Deckers Outdoor from $123.00 to $137.00 and gave the stock a "strong-buy" rating in a research report on Friday, July 25th. KGI Securities upgraded Deckers Outdoor to a "hold" rating in a research report on Monday, May 26th. Finally, UBS Group increased 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. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $137.50.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $109.08, for a total transaction of $32,724.00. Following the completion of the sale, the director directly owned 10,681 shares of the company's stock, valued at $1,165,083.48. This trade represents a 2.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Cindy L. Davis bought 1,825 shares of the business's stock in a transaction dated Friday, June 6th. The shares were acquired at an average cost of $109.76 per share, for a total transaction of $200,312.00. Following the purchase, the director owned 13,340 shares of the company's stock, valued at approximately $1,464,198.40. The trade was a 15.85% increase in their position. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Trading Up 2.7%

NYSE:DECK traded up $3.18 during trading hours on Tuesday, reaching $122.81. 2,537,884 shares of the company traded hands, compared to its average volume of 3,359,999. The stock has a market capitalization of $18.22 billion, a P/E ratio of 18.84, a P/E/G ratio of 4.54 and a beta of 1.05. The business's 50-day moving average price is $106.11 and its two-hundred day moving average price is $113.32. Deckers Outdoor Corporation has a 1 year low of $93.72 and a 1 year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly 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 firm had revenue of $964.54 million for the quarter, compared to the consensus estimate of $901.45 million. During the same quarter last year, the firm posted $4.52 EPS. The business'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 analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

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

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.