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

Deckers Outdoor Co. (NYSE:DECK) has received an average recommendation of “Moderate Buy” from the nineteen research firms that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $164.76.

DECK has been the subject of several research analyst reports. StockNews.com downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Seaport Res Ptn cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Telsey Advisory Group boosted their price objective on shares of Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Evercore ISI raised their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Finally, BTIG Research downgraded shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd.

Deckers Outdoor Price Performance

DECK opened at $204.77 on Tuesday. Deckers Outdoor has a 12 month low of $117.02 and a 12 month high of $214.70. The stock has a market capitalization of $31.11 billion, a P/E ratio of 36.01, a P/E/G ratio of 2.90 and a beta of 1.08. The business has a 50 day simple moving average of $196.15 and a 200-day simple moving average of $119.42.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. Deckers Outdoor’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 earnings per share. Research analysts anticipate that Deckers Outdoor will post 5.49 EPS for the current year.

Insider Buying and Selling

In other news, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela Ogbechie sold 1,278 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the transaction, the insider now owns 29,628 shares in the company, valued at $4,836,474.72. The trade was a 4.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,036 shares of company stock valued at $13,715,482. Insiders own 0.40% of the company’s stock.

Institutional Trading of Deckers Outdoor

A number of institutional investors have recently added to or reduced their stakes in DECK. Private Advisor Group LLC boosted its holdings in Deckers Outdoor by 152.5% in the 2nd quarter. Private Advisor Group LLC now owns 760 shares of the textile maker’s stock worth $736,000 after acquiring an additional 459 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Deckers Outdoor by 2,234.5% in the second quarter. Acadian Asset Management LLC now owns 677 shares of the textile maker’s stock valued at $655,000 after purchasing an additional 648 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Deckers Outdoor by 11.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 11,697 shares of the textile maker’s stock valued at $11,599,000 after purchasing an additional 1,223 shares in the last quarter. Federated Hermes Inc. increased its stake in Deckers Outdoor by 126.5% during the 2nd quarter. Federated Hermes Inc. now owns 231 shares of the textile maker’s stock worth $224,000 after buying an additional 129 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in Deckers Outdoor by 10.9% in the 2nd quarter. Parallel Advisors LLC now owns 943 shares of the textile maker’s stock worth $913,000 after buying an additional 93 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

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.