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

Deckers Outdoor Co. (NYSE:DECK) has been assigned an average rating of “Moderate Buy” from the nineteen research firms that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $153.53.

A number of brokerages recently issued reports on DECK. Seaport Res Ptn cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Stifel Nicolaus boosted their price target on Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Evercore ISI raised their price objective on Deckers Outdoor from $185.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. StockNews.com downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 25th. Finally, Piper Sandler set a $166.00 price target on Deckers Outdoor in a report on Thursday, October 17th.

Insider Activity at Deckers Outdoor

In related news, CEO Caroti Stefano sold 15,000 shares of Deckers Outdoor stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.73, for a total transaction of $2,635,950.00. Following the transaction, the chief executive officer now directly owns 273,540 shares in the company, valued at approximately $48,069,184.20. The trade was a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Powers sold 140,832 shares of the company’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 completion of the sale, the director now owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. The trade was a 5.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 202,110 shares of company stock worth $14,028,140. 0.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Anchor Investment Management LLC boosted its holdings in Deckers Outdoor by 500.0% in the 3rd quarter. Anchor Investment Management LLC now owns 504 shares of the textile maker’s stock worth $80,000 after buying an additional 420 shares during the period. Passumpsic Savings Bank boosted its stake in shares of Deckers Outdoor by 477.8% in the third quarter. Passumpsic Savings Bank now owns 27,296 shares of the textile maker’s stock worth $4,352,000 after acquiring an additional 22,572 shares during the period. TD Private Client Wealth LLC grew its position in shares of Deckers Outdoor by 447.7% during the third quarter. TD Private Client Wealth LLC now owns 953 shares of the textile maker’s stock worth $152,000 after purchasing an additional 779 shares in the last quarter. Arete Wealth Advisors LLC raised its stake in Deckers Outdoor by 589.1% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,556 shares of the textile maker’s stock valued at $563,000 after purchasing an additional 3,040 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in Deckers Outdoor by 466.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 14,089 shares of the textile maker’s stock worth $2,246,000 after purchasing an additional 11,600 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $192.15 on Monday. Deckers Outdoor has a fifty-two week low of $105.10 and a fifty-two week high of $193.33. The stock’s 50 day simple moving average is $163.85 and its two-hundred day simple moving average is $74.32. The stock has a market cap of $29.19 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 2.55 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.35. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. On average, analysts predict that Deckers Outdoor will post 5.48 earnings per share for the current 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.