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

Deckers Outdoor Co. (NYSE:DECK) has received an average rating of “Moderate Buy” from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $1,057.00.

Several equities research analysts have weighed in on the company. TD Cowen upped their target price on Deckers Outdoor from $1,039.00 to $1,055.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Bank of America upped their target price on Deckers Outdoor from $860.00 to $1,020.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. Robert W. Baird upped their price target on shares of Deckers Outdoor from $1,050.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Deckers Outdoor in a report on Friday, July 26th. Finally, Evercore ISI lowered their price target on shares of Deckers Outdoor from $1,110.00 to $1,100.00 and set an “outperform” rating for the company in a report on Monday, July 15th.

Deckers Outdoor Trading Up 1.7 %

Shares of DECK stock opened at $935.07 on Wednesday. The stock has a market cap of $23.76 billion, a P/E ratio of 31.92, a price-to-earnings-growth ratio of 2.66 and a beta of 1.05. The stock has a 50 day simple moving average of $910.36 and a 200 day simple moving average of $920.28. Deckers Outdoor has a 1 year low of $484.02 and a 1 year high of $1,106.89.

Shares of Deckers Outdoor are scheduled to split on Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, July 25th. The textile maker reported $4.52 earnings per share for the quarter, topping the consensus estimate of $3.59 by $0.93. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm had revenue of $825.30 million during the quarter, compared to analysts’ expectations of $808.40 million. During the same period in the prior year, the company earned $2.41 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. Analysts forecast that Deckers Outdoor will post 31.6 EPS for the current year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director David Powers sold 3,912 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $863.08, for a total transaction of $3,376,368.96. Following the sale, the director now owns 68,078 shares of the company’s stock, valued at $58,756,760.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Institutional Trading of Deckers Outdoor

A number of institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new stake in Deckers Outdoor during the second quarter valued at $5,052,000. Kestra Investment Management LLC bought a new stake in Deckers Outdoor during the second quarter valued at $662,000. Clearbridge Investments LLC bought a new position in shares of Deckers Outdoor during the 2nd quarter worth about $1,381,000. New Century Financial Group LLC boosted its position in shares of Deckers Outdoor by 91.0% during the 2nd quarter. New Century Financial Group LLC now owns 892 shares of the textile maker’s stock worth $863,000 after purchasing an additional 425 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Deckers Outdoor by 20.6% during the 2nd quarter. Cetera Investment Advisers now owns 6,119 shares of the textile maker’s stock worth $5,923,000 after purchasing an additional 1,044 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.