Timelo Investment Management Inc. Invests $825,000 in Deckers Outdoor Corporation $DECK

Timelo Investment Management Inc. purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,000 shares of the textile maker’s stock, valued at approximately $825,000. Deckers Outdoor accounts for approximately 1.1% of Timelo Investment Management Inc.’s portfolio, making the stock its 9th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marks Group Wealth Management Inc grew its stake in shares of 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 period. Charles Schwab Investment Management Inc. lifted its holdings 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 purchasing an additional 39,211 shares in the last quarter. Jump Financial LLC lifted its holdings 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 purchasing an additional 153,763 shares in the last quarter. OFI Invest Asset Management lifted its holdings 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 purchasing an additional 87,834 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in Deckers Outdoor during the 1st quarter worth about $7,112,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 1.9%

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

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on DECK. KeyCorp raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Stifel Nicolaus set a $127.00 price objective on Deckers Outdoor in a report on Tuesday, October 21st. Barclays dropped their price objective on Deckers Outdoor from $141.00 to $113.00 and set an “overweight” rating on the stock in a report on Monday, October 27th. Jefferies Financial Group dropped their price objective on Deckers Outdoor from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Thursday, October 23rd. Finally, Zacks Research raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.11.

Insider Activity

In other news, insider Angela Ogbechie sold 1,460 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $81.45, for a total transaction of $118,917.00. Following the transaction, the insider directly owned 34,020 shares in the company, valued at approximately $2,770,929. This represents a 4.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the transaction, the director owned 10,979 shares in the company, valued at $1,295,741.58. This trade represents a 2.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by corporate insiders.

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.