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

Deckers Outdoor Co. (NYSE:DECK – Get Rating) has been given a consensus rating of “Moderate Buy” by the fifteen research firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $447.77.

DECK has been the subject of several recent analyst reports. Telsey Advisory Group restated an “outperform” rating and issued a $485.00 target price on shares of Deckers Outdoor in a research note on Wednesday, February 15th. Citigroup increased their price target on shares of Deckers Outdoor from $440.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, January 25th. Robert W. Baird increased their price target on shares of Deckers Outdoor from $425.00 to $455.00 in a report on Tuesday, January 31st. BTIG Research reiterated a “buy” rating and issued a $515.00 price target on shares of Deckers Outdoor in a report on Tuesday, February 7th. Finally, Cowen raised their target price on shares of Deckers Outdoor from $476.00 to $480.00 and gave the company an “outperform” rating in a report on Friday, February 3rd.

Insiders Place Their Bets

In other news, CEO David Powers sold 35,957 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $400.87, for a total value of $14,414,082.59. Following the transaction, the chief executive officer now owns 92,252 shares in the company, valued at approximately $36,981,059.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Deckers Outdoor news, insider Thomas Garcia sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $376.36, for a total transaction of $752,720.00. Following the completion of the sale, the insider now owns 15,922 shares of the company’s stock, valued at $5,992,403.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Powers sold 35,957 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $400.87, for a total value of $14,414,082.59. Following the completion of the sale, the chief executive officer now directly owns 92,252 shares of the company’s stock, valued at $36,981,059.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,486 shares of company stock worth $17,370,043. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans boosted its stake in shares of Deckers Outdoor by 0.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 7,099 shares of the textile maker’s stock worth $2,834,000 after acquiring an additional 28 shares during the period. Fifth Third Bancorp lifted its position in shares of Deckers Outdoor by 7.7% during the 3rd quarter. Fifth Third Bancorp now owns 407 shares of the textile maker’s stock valued at $127,000 after acquiring an additional 29 shares during the period. Parallel Advisors LLC lifted its position in shares of Deckers Outdoor by 28.3% during the 4th quarter. Parallel Advisors LLC now owns 136 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 30 shares during the period. SRS Capital Advisors Inc. raised its holdings in shares of Deckers Outdoor by 7.3% during the 3rd quarter. SRS Capital Advisors Inc. now owns 469 shares of the textile maker’s stock worth $147,000 after buying an additional 32 shares in the last quarter. Finally, Guggenheim Capital LLC raised its holdings in shares of Deckers Outdoor by 0.8% during the 3rd quarter. Guggenheim Capital LLC now owns 4,348 shares of the textile maker’s stock worth $1,360,000 after buying an additional 34 shares in the last quarter. 98.87% of the stock is owned by institutional investors.

Deckers Outdoor Trading Down 2.7 %

Shares of Deckers Outdoor stock opened at $412.32 on Friday. The company has a fifty day simple moving average of $414.78 and a 200-day simple moving average of $374.52. Deckers Outdoor has a 12-month low of $212.93 and a 12-month high of $443.80. The stock has a market cap of $10.87 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 1.28 and a beta of 0.92.

Deckers Outdoor (NYSE:DECK – Get Rating) last issued its earnings results on Thursday, February 2nd. The textile maker reported $10.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.41 by $1.07. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Deckers Outdoor had a net margin of 13.83% and a return on equity of 31.38%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $8.42 EPS. On average, analysts forecast that Deckers Outdoor will post 18.46 earnings per share for the current fiscal year.

About Deckers Outdoor

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Deckers Outdoor Corp. engages in the business of designing, marketing, and distributing footwear, apparel, and accessories developed for both everyday casual lifestyle use and high performance activities. It operates through the following segments: UGG Brand, HOKA Brand, Teva Brand, Sanuk Brand, Other Brands, and Direct-to-Consumer.