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

Deckers Outdoor Co. (NYSE:DECK) reached a new 52-week high during trading on Friday . The stock traded as high as $213.90 and last traded at $213.90, with a volume of 807549 shares traded. The stock had previously closed at $205.28.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DECK. Robert W. Baird raised their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Guggenheim assumed coverage on shares of Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating on the stock. Stifel Nicolaus increased their price objective on shares of Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Truist Financial increased their target price on Deckers Outdoor from $205.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Seaport Res Ptn downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $158.59.

Deckers Outdoor Price Performance

The business’s 50-day simple moving average is $180.66 and its two-hundred day simple moving average is $97.10. The stock has a market capitalization of $32.41 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last announced 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. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the company posted $1.14 EPS. Deckers Outdoor’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, sell-side analysts expect that Deckers Outdoor Co. will post 5.49 EPS for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the transaction, the director now owns 10,222 shares in the company, valued at $2,052,577.60. This trade represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Caroti Stefano sold 15,000 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 273,540 shares in the company, valued at approximately $48,069,184.20. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,234 shares of company stock valued at $15,248,513 in the last three months. 0.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds have recently modified their holdings of the stock. Solstein Capital LLC lifted its stake in shares of 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 period. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Deckers Outdoor by 460.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 23 shares during the period. Bell Investment Advisors Inc raised its stake in 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 period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Deckers Outdoor by 2,000.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 200 shares during the period. Finally, Crewe Advisors LLC acquired a new position in Deckers Outdoor in the 2nd quarter valued at about $34,000. 97.79% of the stock is owned by institutional investors and hedge funds.

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.