Deckers Outdoor Co. (NYSE:DECK) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Deckers Outdoor Co. (NYSE:DECK) have received a consensus recommendation of “Moderate Buy” from the nineteen research firms that are presently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $197.41.

Several equities research analysts recently issued reports on DECK shares. Piper Sandler set a $166.00 price target on Deckers Outdoor in a research report on Thursday, October 17th. Citigroup raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a report on Friday. Bank of America lifted their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. UBS Group increased their price objective on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Stifel Nicolaus lifted their target price on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st.

Insider Buying and Selling

In other Deckers Outdoor news, CEO Caroti Stefano sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total value of $2,635,950.00. Following the completion of the sale, the chief executive officer now directly owns 273,540 shares of the company’s stock, valued at approximately $48,069,184.20. This represents a 5.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the completion of the transaction, the insider now directly owns 63,642 shares in the company, valued at $11,155,169.76. This represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,956 shares of company stock valued at $10,387,731 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds have recently modified their holdings of the stock. FMR LLC raised its stake in Deckers Outdoor by 499.2% during the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after purchasing an additional 19,053,113 shares during the period. State Street Corp grew its holdings in shares of Deckers Outdoor by 513.8% during the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after buying an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC raised its position in Deckers Outdoor by 509.1% during the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after buying an additional 3,393,420 shares during the period. JPMorgan Chase & Co. lifted its stake in Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after acquiring an additional 1,170,855 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Deckers Outdoor by 529.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock worth $203,674,000 after acquiring an additional 1,074,263 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Down 2.3 %

DECK stock opened at $168.18 on Friday. The firm has a 50 day simple moving average of $204.11 and a 200-day simple moving average of $140.18. The company has a market capitalization of $25.55 billion, a P/E ratio of 27.26, a PEG ratio of 1.85 and a beta of 1.07. Deckers Outdoor has a twelve month low of $131.39 and a twelve month high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. On average, research analysts predict that Deckers Outdoor will post 5.92 EPS for the current year.

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.