Deckers Outdoor (NYSE:DECK) Downgraded by BTIG Research to “Neutral”

BTIG Research downgraded shares of Deckers Outdoor (NYSE:DECK) from a buy rating to a neutral rating in a research note released on Tuesday morning, MarketBeat reports.

A number of other research firms have also recently weighed in on DECK. Wedbush restated an “outperform” rating and issued a $28.61 price target on shares of Deckers Outdoor in a research note on Friday, July 26th. Guggenheim assumed coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating on the stock. Piper Sandler set a $166.00 price target on Deckers Outdoor in a research note on Thursday, October 17th. StockNews.com cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company dropped their price target on Deckers Outdoor from $1,000.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Monday, September 23rd. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $114.57.

Deckers Outdoor Stock Down 3.7 %

NYSE:DECK opened at $154.05 on Tuesday. Deckers Outdoor has a twelve month low of $80.67 and a twelve month high of $184.48. The company has a market cap of $3.92 billion, a P/E ratio of 5.26, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. The business has a 50 day moving average price of $97.25 and a two-hundred day moving average price of $50.78.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The company had revenue of $825.30 million for the quarter, compared to analysts’ expectations of $808.40 million. During the same quarter in the prior year, the business posted $0.07 EPS. The business’s revenue was up 22.1% compared to the same quarter last year. As a group, analysts anticipate that Deckers Outdoor will post 5.22 earnings per share for the current fiscal year.

Insider Activity at Deckers Outdoor

In related news, Director David Powers sold 140,832 shares of the firm’s stock in a transaction dated 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 directly owns 2,450,808 shares of the company’s stock, valued at $58,756,760.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director David Powers sold 140,832 shares of the firm’s stock in a transaction dated 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 directly owns 2,450,808 shares of the company’s stock, valued at $58,756,760.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Steven J. Fasching sold 9,198 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the sale, the chief financial officer now directly owns 161,838 shares in the company, valued at $26,973,539.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Deckers Outdoor

Several large investors have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. raised its position in shares of Deckers Outdoor by 460.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock worth $27,000 after acquiring an additional 23 shares during the last quarter. Crewe Advisors LLC bought a new position in shares of Deckers Outdoor during the second quarter worth about $34,000. Whittier Trust Co. raised its position in shares of Deckers Outdoor by 338.1% during the third quarter. Whittier Trust Co. now owns 276 shares of the textile maker’s stock worth $44,000 after acquiring an additional 213 shares during the last quarter. EntryPoint Capital LLC raised its position 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 worth $54,000 after acquiring an additional 41 shares during the last quarter. Finally, Rise Advisors LLC raised its position in shares of Deckers Outdoor by 500.0% during the third quarter. Rise Advisors LLC now owns 390 shares of the textile maker’s stock worth $62,000 after acquiring an additional 325 shares during the last quarter. 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.