Deckers Outdoor (NYSE:DECK) Rating Lowered to Hold at Seaport Res Ptn

Deckers Outdoor (NYSE:DECK) was downgraded by Seaport Res Ptn from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday, Zacks.com reports.

DECK has been the topic of several other reports. Robert W. Baird lifted their price target on shares of Deckers Outdoor from $29.17 to $29.86 and gave the stock an “outperform” rating in a research note on Friday, July 26th. BTIG Research upped their target price on Deckers Outdoor from $31.11 to $33.33 and gave the company a “buy” rating in a research report on Tuesday, June 25th. TD Cowen lifted their price target on Deckers Outdoor from $28.86 to $29.31 and gave the stock a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company lowered their target price on shares of 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. Finally, Truist Financial upped their price target on shares of Deckers Outdoor from $33.33 to $34.03 and gave the company a “buy” rating in a research report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.99.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $158.84 on Monday. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 5.42, a price-to-earnings-growth ratio of 2.74 and a beta of 1.05. The company’s 50 day simple moving average is $67.47 and its 200-day simple moving average is $40.35. Deckers Outdoor has a 1 year low of $80.67 and a 1 year high of $184.48.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The business had revenue of $825.30 million during the quarter, compared to analyst estimates of $808.40 million. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the business posted $0.07 earnings per share. Equities analysts expect that Deckers Outdoor will post 5.2 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In related news, Director David Powers sold 140,832 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the transaction, the director now owns 2,450,808 shares of the company’s stock, valued at $58,756,760.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Steven J. Fasching sold 9,198 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $166.67, for a total value of $1,533,030.66. Following the sale, the chief financial officer now owns 161,838 shares in the company, valued at $26,973,539.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David Powers sold 140,832 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $23.97, for a total value of $3,376,368.96. Following the sale, the director now owns 2,450,808 shares in the company, valued at approximately $58,756,760.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DECK. Whittier Trust Co. of Nevada Inc. lifted its stake in Deckers Outdoor by 460.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after buying an additional 23 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of Deckers Outdoor in the second quarter valued at $34,000. Contravisory Investment Management Inc. purchased a new stake in shares of Deckers Outdoor in the first quarter valued at $36,000. EntryPoint Capital LLC boosted its stake in shares of Deckers Outdoor by 256.3% during the first quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 41 shares during the last quarter. Finally, Rise Advisors LLC purchased a new stake in Deckers Outdoor during the 1st quarter worth about $61,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

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.