Deckers Outdoor (NYSE:DECK) Hits New 12-Month High – Still a Buy?

Deckers Outdoor Co. (NYSE:DECK) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $218.39 and last traded at $212.19, with a volume of 175031 shares changing hands. The stock had previously closed at $209.91.

Analyst Ratings Changes

Several brokerages recently weighed in on DECK. Piper Sandler set a $166.00 target price on Deckers Outdoor in a research note on Thursday, October 17th. TD Cowen increased their price objective on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 25th. BTIG Research downgraded shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Finally, Stifel Nicolaus upped their target price on Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Deckers Outdoor currently has an average rating of “Moderate Buy” and a consensus price target of $165.06.

Deckers Outdoor Trading Up 1.3 %

The firm’s fifty day moving average is $199.86 and its 200-day moving average is $125.81. The stock has a market capitalization of $32.29 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 2.91 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate of $1.24 by $0.35. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 earnings per share. As a group, equities analysts predict that Deckers Outdoor Co. will post 5.56 EPS for the current year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Angela Ogbechie sold 1,278 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the sale, the insider now owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,036 shares of company stock valued at $13,715,482 over the last quarter. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Deckers Outdoor

Several hedge funds have recently made changes to their positions in DECK. Carr Financial Group Corp acquired a new position in Deckers Outdoor during the fourth quarter worth approximately $202,000. CX Institutional raised its position in Deckers Outdoor by 4.3% in the 4th quarter. CX Institutional now owns 2,571 shares of the textile maker’s stock valued at $522,000 after purchasing an additional 107 shares during the last quarter. RFG Advisory LLC boosted its stake in Deckers Outdoor by 21.1% during the 4th quarter. RFG Advisory LLC now owns 2,114 shares of the textile maker’s stock worth $429,000 after purchasing an additional 368 shares during the period. Mutual Advisors LLC grew its position in Deckers Outdoor by 5.2% during the 4th quarter. Mutual Advisors LLC now owns 2,296 shares of the textile maker’s stock worth $478,000 after purchasing an additional 114 shares during the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in Deckers Outdoor in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

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.