Timelo Investment Management Inc. Takes Position in Deckers Outdoor Corporation $DECK

Timelo Investment Management Inc. purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 8,000 shares of the textile maker’s stock, valued at approximately $825,000. Deckers Outdoor comprises about 1.1% of Timelo Investment Management Inc.’s investment portfolio, making the stock its 9th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Marks Group Wealth Management Inc grew its position in Deckers Outdoor by 15.4% during the 1st 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 during the last quarter. Charles Schwab Investment Management Inc. grew its position in Deckers Outdoor by 3.9% during the 1st 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 during the last quarter. Jump Financial LLC grew its position in Deckers Outdoor by 5,481.7% during the 1st quarter. Jump Financial LLC now owns 156,568 shares of the textile maker’s stock worth $17,506,000 after acquiring an additional 153,763 shares during the last quarter. OFI Invest Asset Management grew its position in Deckers Outdoor by 32.1% during the 2nd quarter. OFI Invest Asset Management now owns 361,543 shares of the textile maker’s stock worth $37,264,000 after acquiring an additional 87,834 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in Deckers Outdoor during the 1st quarter worth approximately $7,112,000. 97.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DECK has been the topic of several recent research reports. TD Cowen reduced their price target on Deckers Outdoor from $125.00 to $124.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Needham & Company LLC reduced their price target on Deckers Outdoor from $128.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Zacks Research upgraded Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Bank of America lifted their price objective on Deckers Outdoor from $120.00 to $122.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus target price of $118.11.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $79.55 on Wednesday. The firm has a market cap of $11.80 billion, a P/E ratio of 11.79, a P/E/G ratio of 3.79 and a beta of 1.05. The business’s 50 day moving average price is $105.25 and its 200-day moving average price is $107.37. Deckers Outdoor Corporation has a fifty-two week low of $78.98 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 23rd. The textile maker reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.24. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.59 EPS. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. As a group, equities analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Insider Buying and Selling

In other news, insider Angela Ogbechie sold 1,460 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $81.45, for a total value of $118,917.00. Following the completion of the transaction, the insider owned 34,020 shares in the company, valued at $2,770,929. This trade represents a 4.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 owned 10,979 shares of the company’s stock, valued at approximately $1,295,741.58. The trade was a 2.66% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.40% of the company’s stock.

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.