Woodline Partners LP Acquires 40,101 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Woodline Partners LP increased its holdings in Deckers Outdoor by 597.8% during the first quarter, owning 46,809 shares valued at $5.23 million after acquiring an additional 40,101 shares.
• Several analysts have adjusted their price targets for Deckers Outdoor, with Goldman Sachs lowering it to $87.00 while Truist Financial raised theirs to $145.00, indicating varied outlooks on the stock's performance.
• Deckers Outdoor reported a quarterly EPS of $0.93, exceeding analysts' expectations, and announced a $2.25 billion share buyback program, suggesting confidence in the company's valuation.

Woodline Partners LP increased its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 597.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,809 shares of the textile maker's stock after buying an additional 40,101 shares during the quarter. Woodline Partners LP's holdings in Deckers Outdoor were worth $5,234,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DECK. Horizon Investments LLC raised its holdings in Deckers Outdoor by 4.6% in the 1st quarter. Horizon Investments LLC now owns 2,179 shares of the textile maker's stock valued at $244,000 after acquiring an additional 96 shares during the period. Cumberland Partners Ltd increased its stake in Deckers Outdoor by 0.4% in the first quarter. Cumberland Partners Ltd now owns 27,991 shares of the textile maker's stock valued at $3,130,000 after acquiring an additional 98 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $26,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Deckers Outdoor by 0.8% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,106 shares of the textile maker's stock valued at $1,913,000 after buying an additional 140 shares in the last quarter. Finally, Vega Investment Solutions acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating on the stock in a report on Tuesday, July 22nd. Wells Fargo & Company upped their price objective on shares of Deckers Outdoor from $90.00 to $100.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. KeyCorp reiterated a "sector weight" rating and set a $150.00 price objective on shares of Deckers Outdoor in a report on Friday, May 23rd. Bank of America dropped their price objective on shares of Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Finally, KGI Securities upgraded shares of Deckers Outdoor to a "hold" rating in a report on Monday, May 26th. One 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 given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $137.89.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the transaction, the director directly owned 10,979 shares of the company's stock, valued at approximately $1,295,741.58. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock traded down $0.11 on Tuesday, reaching $118.55. 2,212,554 shares of the company traded hands, compared to its average volume of 3,313,902. The company has a 50 day moving average of $109.12 and a 200 day moving average of $111.41. The firm has a market capitalization of $17.59 billion, a PE ratio of 18.18, a PEG ratio of 4.47 and a beta of 1.05. Deckers Outdoor Corporation has a 52 week low of $93.72 and a 52 week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, topping the consensus estimate of $0.68 by $0.25. The company had revenue of $964.54 million during the quarter, compared to the consensus estimate of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. Deckers Outdoor's revenue for the quarter was up 16.9% on a year-over-year basis. During the same period last year, the firm earned $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

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

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.