UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $170 Million Position in Deckers Outdoor Corporation $DECK

Key Points

• UBS Asset Management increased its stake in Deckers Outdoor Corporation (NYSE:DECK) by 6.8%, holding approximately 1,520,461 shares valued at $170 million.
• Several hedge funds have boosted their investments in Deckers Outdoor, with Optimize Financial increasing its holdings by 45.9% and Woodline Partners enhancing theirs by 597.8% in the first quarter.
• Analysts have raised their price targets for Deckers Outdoor, with a consensus target of $137.50 and a range of ratings from "Strong Buy" to "Sell," indicating a positive outlook on the stock's growth potential.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 6.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,520,461 shares of the textile maker's stock after buying an additional 97,312 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.00% of Deckers Outdoor worth $170,003,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DECK. Mpwm Advisory Solutions LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at about $26,000. Vega Investment Solutions acquired a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $29,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Deckers Outdoor during the first quarter valued at approximately $34,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $41,000. Finally, Olde Wealth Management LLC bought a new position in Deckers Outdoor in the 1st quarter worth approximately $47,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the sale, the director owned 10,979 shares of the company's stock, valued at $1,295,741.58. This trade represents a 2.66% decrease in their ownership of the stock. 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 company insiders.

Deckers Outdoor Trading Up 0.5%

Shares of NYSE:DECK traded up $0.58 during mid-day trading on Friday, reaching $118.45. The stock had a trading volume of 2,445,520 shares, compared to its average volume of 2,430,711. The firm has a market cap of $17.57 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 4.47 and a beta of 1.05. The firm has a 50 day simple moving average of $108.86 and a two-hundred day simple moving average of $111.55. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98.

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 for the quarter, topping the consensus estimate 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 analyst estimates of $901.45 million. During the same period last year, the business posted $4.52 earnings per share. 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, equities analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has initiated a stock buyback program on Thursday, May 22nd that authorizes the company to buyback $2.25 billion in shares. This buyback authorization authorizes the textile maker to buy up to 11.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group increased their price objective on Deckers Outdoor from $144.00 to $158.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $120.00 price target on shares of Deckers Outdoor in a research note on Friday, July 25th. Bank of America decreased their price target on Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Truist Financial boosted their price objective on Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Raymond James Financial upped their target price on shares of Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Deckers Outdoor currently has an average rating of "Hold" and a consensus price target of $137.89.

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.