Wellington Management Group LLP Raises Position in Deckers Outdoor Corporation $DECK

Wellington Management Group LLP grew its position in Deckers Outdoor Corporation (NYSE:DECK) by 15.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,273,666 shares of the textile maker’s stock after acquiring an additional 173,430 shares during the period. Wellington Management Group LLP’s holdings in Deckers Outdoor were worth $142,409,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marks Group Wealth Management Inc raised its position in Deckers Outdoor by 15.4% in the first quarter. Marks Group Wealth Management Inc now owns 62,902 shares of the textile maker’s stock worth $7,033,000 after acquiring an additional 8,410 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Deckers Outdoor by 17.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker’s stock worth $1,997,000 after acquiring an additional 2,706 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Deckers Outdoor by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker’s stock worth $116,310,000 after acquiring an additional 39,211 shares in the last quarter. Park Avenue Securities LLC raised its position in Deckers Outdoor by 32.3% in the first quarter. Park Avenue Securities LLC now owns 26,929 shares of the textile maker’s stock worth $3,011,000 after acquiring an additional 6,569 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Deckers Outdoor by 17.7% in the first quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker’s stock worth $65,716,000 after acquiring an additional 88,179 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $120.00 price objective on shares of Deckers Outdoor in a research report on Friday, July 25th. Argus initiated coverage on Deckers Outdoor in a research note on Friday, June 13th. They set a “hold” rating on the stock. Cowen reissued a “buy” rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. Citigroup decreased their price target on Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Finally, TD Securities boosted their price target on Deckers Outdoor from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, May 20th. 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 assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $137.50.

Insider Activity

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $109.08, for a total value of $32,724.00. Following the completion of the sale, the director directly owned 10,681 shares of the company’s stock, valued at approximately $1,165,083.48. The trade was a 2.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cindy L. Davis bought 1,825 shares of the stock in a transaction on Friday, June 6th. The stock was purchased at an average cost of $109.76 per share, with a total value of $200,312.00. Following the completion of the purchase, the director directly 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 Trading Down 1.4%

NYSE:DECK opened at $104.0070 on Thursday. The firm has a 50-day moving average price of $104.20 and a two-hundred day moving average price of $116.76. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98. The company has a market capitalization of $15.43 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 4.01 and a beta of 0.99.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, beating 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 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 firm posted $4.52 EPS. The firm’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. On average, equities research analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Deckers Outdoor declared 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 outstanding shares. This buyback authorization authorizes the textile maker to repurchase up to 11.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is 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.