Deckers Outdoor Co. (NYSE:DECK) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Deckers Outdoor Co. (NYSE:DECK) have been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $54.99.

A number of analysts recently issued reports on DECK shares. Wedbush reissued an “outperform” rating and set a $28.61 target price on shares of Deckers Outdoor in a research note on Friday, July 26th. Stifel Nicolaus cut their price target on Deckers Outdoor from $887.00 to $147.83 and set a “hold” rating on the stock in a report on Tuesday, September 17th. Wells Fargo & Company dropped their target price on Deckers Outdoor from $1,000.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Monday, September 23rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $30.56 price target on shares of Deckers Outdoor in a research note on Friday, July 26th. Finally, UBS Group increased their target price on shares of Deckers Outdoor from $35.14 to $37.50 and gave the stock a “buy” rating in a report on Friday, July 26th.

Deckers Outdoor Price Performance

DECK opened at $166.81 on Friday. The firm has a 50 day simple moving average of $64.80 and a 200 day simple moving average of $39.32. Deckers Outdoor has a fifty-two week low of $80.67 and a fifty-two week high of $184.48. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 5.70, a price-to-earnings-growth ratio of 2.74 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $825.30 million during the quarter, compared to analysts’ expectations of $808.40 million. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 earnings per share. As a group, analysts expect that Deckers Outdoor will post 5.2 EPS for the current year.

Insiders Place Their Bets

In related news, Director David Powers sold 140,832 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the completion of the transaction, the director now directly owns 2,450,808 shares in the company, valued at $58,756,760.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Chevy Chase Trust Holdings LLC increased its holdings in Deckers Outdoor by 285.2% in the first quarter. Chevy Chase Trust Holdings LLC now owns 17,853 shares of the textile maker’s stock valued at $16,804,000 after purchasing an additional 13,218 shares during the period. Cim LLC acquired a new position in Deckers Outdoor in the fourth quarter valued at approximately $2,311,000. Monument Capital Management increased its stake in shares of Deckers Outdoor by 39.7% in the 1st quarter. Monument Capital Management now owns 3,030 shares of the textile maker’s stock valued at $2,852,000 after acquiring an additional 861 shares in the last quarter. Leo Wealth LLC bought a new position in Deckers Outdoor during the fourth quarter worth $1,344,000. Finally, Czech National Bank bought a new stake in Deckers Outdoor in the first quarter valued at $4,251,000. 97.79% of the stock is currently owned by institutional investors.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.