Penobscot Investment Management Company Inc. Has $4.84 Million Stock Position in Deckers Outdoor Corporation $DECK

Key Points

• Penobscot Investment Management Company Inc. increased its stake in Deckers Outdoor Corporation by 27.3%, owning 46,968 shares worth approximately $4.84 million after acquiring an additional 10,085 shares in the second quarter.
• Analysts have mixed ratings for Deckers Outdoor, with one Strong Buy, nine Buy, and fourteen Hold ratings, while the consensus target price stands at $136.32 following recent price target increases from various firms.
• Deckers Outdoor's recent earnings report revealed an EPS of $0.93, exceeding estimates, with a year-over-year revenue increase of 16.9%, positioning the company for a positive fiscal outlook.

Penobscot Investment Management Company Inc. boosted its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 27.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,968 shares of the textile maker's stock after acquiring an additional 10,085 shares during the period. Penobscot Investment Management Company Inc.'s holdings in Deckers Outdoor were worth $4,841,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DECK. Mountain Hill Investment Partners Corp. acquired a new position in shares of Deckers Outdoor during the 1st quarter worth approximately $34,000. Cromwell Holdings LLC boosted its stake in Deckers Outdoor by 4,766.7% in the 2nd quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker's stock valued at $45,000 after purchasing an additional 429 shares during the period. Olde Wealth Management LLC bought a new stake in Deckers Outdoor in the 1st quarter valued at $47,000. Banque Transatlantique SA bought a new stake in shares of Deckers Outdoor during the 1st quarter valued at $51,000. Finally, Costello Asset Management INC bought a new stake in shares of Deckers Outdoor during the 1st quarter valued at $78,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Deckers Outdoor in a research report on Saturday, September 27th. Bank of America raised their target price on Deckers Outdoor from $120.00 to $122.00 and gave the stock a "neutral" rating in a research note on Thursday, September 25th. Truist Financial increased their price target on Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Barclays raised their target price on Deckers Outdoor from $134.00 to $141.00 and gave the company an "overweight" rating in a report on Friday, September 12th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $120.00 price target on shares of Deckers Outdoor in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $136.32.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction 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 sale, the director directly owned 10,979 shares in the company, valued at approximately $1,295,741.58. This trade represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company's stock.

Deckers Outdoor Price Performance

NYSE:DECK opened at $103.05 on Friday. Deckers Outdoor Corporation has a one year low of $93.72 and a one year high of $223.98. The firm has a market capitalization of $15.29 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 3.96 and a beta of 1.05. The business has a fifty day moving average price of $110.62 and a 200-day moving average price of $110.08.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.25. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The business had revenue of $964.54 million during the quarter, compared to the consensus estimate of $901.45 million. During the same quarter last year, the firm earned $4.52 earnings per share. The firm's quarterly revenue was up 16.9% compared to the same quarter last year. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. On average, equities research analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

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.

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