Vident Advisory LLC Buys 6,859 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Vident Advisory LLC increased its holdings in Deckers Outdoor Corporation by 21.9%, adding 6,859 shares in the first quarter, bringing its total value to approximately $4.27 million.
• Deckers Outdoor reported earnings of $0.93 per share, exceeding estimates and indicating a revenue increase of 16.9% compared to the previous year.
• Deckers has initiated a $2.25 billion share repurchase plan, which allows the company to buy back up to 11.7% of its outstanding shares, signaling management's belief that the stock is undervalued.

Vident Advisory LLC lifted its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 21.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 38,149 shares of the textile maker's stock after purchasing an additional 6,859 shares during the quarter. Vident Advisory LLC's holdings in Deckers Outdoor were worth $4,265,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at approximately $26,000. Vega Investment Solutions acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at approximately $29,000. Fourth Dimension Wealth LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at approximately $41,000. Itau Unibanco Holding S.A. grew its position in shares of Deckers Outdoor by 352.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock valued at $44,000 after purchasing an additional 169 shares during the period. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Deckers Outdoor in the 1st quarter valued at approximately $34,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $109.08, for a total transaction of $32,724.00. Following the sale, the director owned 10,681 shares in the company, valued at $1,165,083.48. This represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Cindy L. Davis purchased 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 purchase, the director owned 13,340 shares in the company, valued at $1,464,198.40. This trade represents a 15.85% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Up 1.2%

Shares of Deckers Outdoor stock opened at $119.61 on Friday. Deckers Outdoor Corporation has a 12-month low of $93.72 and a 12-month high of $223.98. The stock has a market cap of $17.74 billion, a P/E ratio of 18.35, a P/E/G ratio of 4.54 and a beta of 0.99. The business's 50 day moving average is $105.72 and its 200-day moving average is $113.88.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.25. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The company had revenue of $964.54 million for the quarter, compared to analysts' expectations of $901.45 million. During the same quarter in the prior year, the business posted $4.52 EPS. The business's 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 year.

Deckers Outdoor announced that its board has authorized a share repurchase plan 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 plans are often an indication that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages recently issued reports on DECK. Evercore ISI boosted their price objective on Deckers Outdoor from $110.00 to $115.00 and gave the company an "in-line" rating in a research report on Friday, July 25th. Bank of America reduced their price target on Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Cowen reiterated a "buy" rating on shares of Deckers Outdoor in a report on Tuesday, May 20th. Argus assumed coverage on shares of Deckers Outdoor in a research report on Friday, June 13th. They issued a "hold" rating for the company. Finally, Truist Financial lifted their price target on shares of Deckers Outdoor from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.

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