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

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

Several equities analysts recently weighed in on DECK shares. Stifel Nicolaus raised their target price on shares of Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research note on Friday, October 25th. BTIG Research lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Evercore ISI raised their target price on shares of Deckers Outdoor from $185.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Telsey Advisory Group boosted their price target on Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, TD Cowen raised their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 25th.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Bonita C. Stewart sold 4,500 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $186.43, for a total value of $838,935.00. Following the sale, the director now owns 40,733 shares of the company’s stock, valued at approximately $7,593,853.19. This trade represents a 9.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Powers sold 140,832 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 2,450,808 shares of the company’s stock, valued at $58,756,760.24. This trade represents a 5.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 210,492 shares of company stock valued at $15,590,797 in the last ninety days. 0.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of hedge funds have recently made changes to their positions in the stock. Solstein Capital LLC lifted its stake in Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings 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 buying an additional 23 shares in the last quarter. Bell Investment Advisors Inc lifted its stake in shares of Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 146 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 200 shares in the last quarter. Finally, Crewe Advisors LLC bought a new stake in Deckers Outdoor during the 2nd quarter worth $34,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Trading Up 2.2 %

Shares of DECK stock opened at $196.07 on Monday. The firm’s fifty day moving average price is $167.83 and its two-hundred day moving average price is $79.88. Deckers Outdoor has a 1 year low of $108.65 and a 1 year high of $198.08. The firm has a market capitalization of $29.79 billion, a P/E ratio of 34.48, a PEG ratio of 2.69 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. The business had revenue of $1.31 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 earnings per share. As a group, equities research analysts forecast that Deckers Outdoor will post 5.48 EPS for the current fiscal 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.