Cim LLC Has $1.27 Million Stock Position in Deckers Outdoor Corporation $DECK

Key Points

• Cim LLC has reduced its stake in Deckers Outdoor Corporation by 46%, now holding 11,369 shares valued at approximately $1.27 million.
• Wall Street analysts have varying opinions on Deckers Outdoor, with one strong buy, nine buy, thirteen hold, and one sell rating, while the average price target is set at $137.50.
• Deckers Outdoor's Board of Directors has initiated a $2.25 billion stock buyback plan, indicating confidence in the stock’s undervaluation.

Cim LLC lowered its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 46.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 11,369 shares of the textile maker's stock after selling 9,681 shares during the period. Cim LLC's holdings in Deckers Outdoor were worth $1,271,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of DECK. Mpwm Advisory Solutions LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter valued at approximately $26,000. Vega Investment Solutions acquired a new position in Deckers Outdoor in the 4th quarter valued at $29,000. Fourth Dimension Wealth LLC bought a new position in Deckers Outdoor during the 4th quarter worth $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Deckers Outdoor during the first quarter worth $34,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Deckers Outdoor during the first quarter worth $47,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DECK shares. Evercore ISI raised their price target on shares of Deckers Outdoor from $110.00 to $115.00 and gave the stock an "in-line" rating in a research report on Friday, July 25th. Bank of America lowered their target price 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. The Goldman Sachs Group cut their price target on Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating for the company in a research note on Tuesday, July 22nd. Truist Financial increased their price target on Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Raymond James Financial lifted their price objective on Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Deckers Outdoor presently has an average rating of "Hold" and an average target price of $137.89.

Deckers Outdoor Trading Up 0.5%

NYSE DECK traded up $0.58 on Friday, hitting $118.45. 2,445,520 shares of the company's stock were exchanged, compared to its average volume of 2,430,711. The stock has a 50-day moving average of $108.86 and a 200-day moving average of $111.55. The stock has a market cap of $17.57 billion, a price-to-earnings ratio of 18.17, a P/E/G 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 posted its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.25. The company had revenue of $964.54 million during the quarter, compared to analysts' expectations of $901.45 million. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.Deckers Outdoor's revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous 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 predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Deckers Outdoor announced that its board has authorized a share repurchase 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 buy up to 11.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the sale, the director directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.40% of the company's stock.

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.