Interval Partners LP Cuts Stock Position in Deckers Outdoor Corporation $DECK

Key Points

• Interval Partners LP has reduced its stake in Deckers Outdoor Corporation by 33.8%, selling 91,918 shares and now holds about 0.12% of the company valued at $20.13 million.
• Deckers recently reported earnings exceeding estimates with an EPS of $0.93, and the quarterly revenue reached $964.54 million, reflecting a 16.9% increase year-over-year.
• Analysts are optimistic about Deckers Outdoor, with several upgrades to their price targets, including TD Securities raising it to $175, while the consensus target stands at $137.50.

Interval Partners LP reduced its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 33.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 180,062 shares of the textile maker's stock after selling 91,918 shares during the period. Interval Partners LP owned 0.12% of Deckers Outdoor worth $20,133,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. grew its stake in shares of Deckers Outdoor by 32.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,180,069 shares of the textile maker's stock valued at $131,944,000 after buying an additional 290,445 shares during the period. KADENSA CAPITAL Ltd grew its position in shares of Deckers Outdoor by 519.9% during the 1st quarter. KADENSA CAPITAL Ltd now owns 91,745 shares of the textile maker's stock valued at $10,258,000 after purchasing an additional 76,944 shares in the last quarter. Gotham Asset Management LLC grew its position in Deckers Outdoor by 37.0% in the first quarter. Gotham Asset Management LLC now owns 135,224 shares of the textile maker's stock worth $15,119,000 after acquiring an additional 36,539 shares in the last quarter. DnB Asset Management AS grew its position in Deckers Outdoor by 27.6% in the first quarter. DnB Asset Management AS now owns 430,827 shares of the textile maker's stock worth $48,171,000 after acquiring an additional 93,097 shares in the last quarter. Finally, DoubleLine ETF Adviser LP bought a new stake in Deckers Outdoor in the first quarter worth $393,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Robert W. Baird boosted their price target on shares of Deckers Outdoor from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Needham & Company LLC restated a "buy" rating and set a $128.00 price objective (up from $120.00) on shares of Deckers Outdoor in a research report on Wednesday, July 23rd. Telsey Advisory Group reaffirmed a "market perform" rating and set a $120.00 target price on shares of Deckers Outdoor in a research note on Friday, July 25th. The Goldman Sachs Group dropped their price objective on shares of Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating for the company in a research note on Tuesday, July 22nd. Finally, Argus initiated coverage on shares of Deckers Outdoor in a report on Friday, June 13th. They set a "hold" rating for the company. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $137.50.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the sale, the director directly owned 10,979 shares in the company, valued at $1,295,741.58. This represents a 2.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Trading Down 0.4%

Shares of DECK traded down $0.44 during trading hours on Wednesday, hitting $114.97. 633,711 shares of the stock traded hands, compared to its average volume of 3,331,135. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98. The business has a fifty day moving average of $108.21 and a 200-day moving average of $112.28. The firm has a market capitalization of $17.05 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 4.42 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released 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 for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm posted $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, equities research analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has approved a stock buyback plan on Thursday, May 22nd that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the textile maker to repurchase up to 11.7% of its stock through open market purchases. Stock repurchase plans 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.