United Services Automobile Association Makes New Investment in Deckers Outdoor Corporation $DECK

Key Points

• The United Services Automobile Association acquired 3,405 shares of Deckers Outdoor Corporation (NYSE:DECK), valued at approximately $380,000, during the first quarter.
• Several hedge funds have significantly increased their positions in Deckers, with Federated Hermes Inc. raising its holdings by 1,998.7% during the same period.
• Deckers Outdoor reported a quarterly earnings per share (EPS) of $0.93, exceeding analysts' expectations of $0.68, and announced a share repurchase plan worth up to $2.25 billion.

United Services Automobile Association bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,405 shares of the textile maker's stock, valued at approximately $380,000.

A number of other large investors have also recently made changes to their positions in DECK. Mpwm Advisory Solutions LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $26,000. Vega Investment Solutions acquired a new position in Deckers Outdoor in the fourth quarter valued at approximately $29,000. Mountain Hill Investment Partners Corp. acquired a new position in Deckers Outdoor in the first quarter valued at approximately $34,000. Fourth Dimension Wealth LLC acquired a new position in Deckers Outdoor in the fourth quarter valued at approximately $41,000. Finally, Olde Wealth Management LLC acquired a new position in Deckers Outdoor in the first quarter valued at approximately $47,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Up 0.5%

Shares of NYSE DECK traded up $0.58 during mid-day trading on Friday, hitting $118.45. 2,445,520 shares of the company were exchanged, compared to its average volume of 2,430,711. The stock has a 50 day simple moving average of $108.86 and a 200-day simple moving average of $111.55. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98. The firm has a market cap of $17.57 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 4.47 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 for the quarter, topping 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 firm had revenue of $964.54 million during the quarter, compared to the consensus estimate of $901.45 million. During the same period last year, the company earned $4.52 earnings per share. The company's revenue for the quarter was up 16.9% on a year-over-year basis. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has authorized 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 repurchase up to 11.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the 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 completion of the sale, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DECK shares. Raymond James Financial upped their price target on Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a report on Friday, July 25th. Argus started coverage on Deckers Outdoor in a report on Friday, June 13th. They issued a "hold" rating for the company. Bank of America lowered their price target on Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. UBS Group upped their price target on Deckers Outdoor from $144.00 to $158.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Barclays upped their price target on Deckers Outdoor from $134.00 to $141.00 and gave the company an "overweight" rating in a report on Friday. One equities research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $137.89.

About Deckers Outdoor

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.