MTM Investment Management LLC Takes Position in Deckers Outdoor Corporation $DECK

MTM Investment Management LLC bought a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, Holdings Channel reports. The fund bought 6,213 shares of the textile maker’s stock, valued at approximately $640,000.

Other large investors also recently added to or reduced their stakes in the company. Horizon Investments LLC lifted its holdings in Deckers Outdoor by 4.6% during the first quarter. Horizon Investments LLC now owns 2,179 shares of the textile maker’s stock valued at $244,000 after purchasing an additional 96 shares in the last quarter. Cumberland Partners Ltd raised its position in shares of Deckers Outdoor by 0.4% during the 1st quarter. Cumberland Partners Ltd now owns 27,991 shares of the textile maker’s stock worth $3,130,000 after purchasing an additional 98 shares during the last quarter. Park Place Capital Corp raised its position in shares of Deckers Outdoor by 14.9% during the 2nd quarter. Park Place Capital Corp now owns 771 shares of the textile maker’s stock worth $81,000 after purchasing an additional 100 shares during the last quarter. Tower View Wealth Management LLC lifted its stake in Deckers Outdoor by 1.1% in the 2nd quarter. Tower View Wealth Management LLC now owns 11,148 shares of the textile maker’s stock valued at $1,149,000 after buying an additional 117 shares in the last quarter. Finally, Shilanski & Associates Inc. boosted its holdings in Deckers Outdoor by 1.2% in the 2nd quarter. Shilanski & Associates Inc. now owns 11,662 shares of the textile maker’s stock worth $1,202,000 after buying an additional 142 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Trading Down 0.3%

Shares of DECK opened at $82.87 on Friday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $223.98. The firm has a market capitalization of $12.08 billion, a P/E ratio of 12.28, a P/E/G ratio of 3.79 and a beta of 1.10. The firm has a 50-day moving average price of $99.08 and a 200 day moving average price of $105.91.

Deckers Outdoor (NYSE:DECK) last posted its 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 net margin of 19.47% and a return on equity of 40.54%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the business posted $1.59 EPS. Deckers Outdoor’s revenue was up 9.1% on a year-over-year basis. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. Equities research analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on DECK shares. KeyCorp raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a research report on Wednesday, October 8th. TD Cowen reduced their price objective on Deckers Outdoor from $125.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Wells Fargo & Company lowered their target price on shares of Deckers Outdoor from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, October 24th. Finally, Needham & Company LLC dropped their target price on shares of Deckers Outdoor from $128.00 to $113.00 and set a “buy” rating for the company in a report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor currently has an average rating of “Hold” and an average target price of $118.11.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Monday, September 8th. The stock was sold at an average price of $118.02, for a total value of $35,406.00. Following the sale, the director owned 10,979 shares in the company, valued at $1,295,741.58. The trade was a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela Ogbechie sold 1,460 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $81.45, for a total value of $118,917.00. Following the completion of the transaction, the insider directly owned 34,020 shares in the company, valued at approximately $2,770,929. This trade represents a 4.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate 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.