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

Deckers Outdoor Co. (NYSE:DECK) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $577.64.

Several analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Deckers Outdoor from $715.00 to $720.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Piper Sandler lifted their price objective on Deckers Outdoor from $535.00 to $595.00 and gave the stock an “overweight” rating in a research report on Monday, July 24th. Wells Fargo & Company upped their target price on Deckers Outdoor from $425.00 to $480.00 in a report on Friday, May 26th. Robert W. Baird lifted their price target on Deckers Outdoor from $575.00 to $620.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Finally, StockNews.com started coverage on shares of Deckers Outdoor in a research report on Thursday, August 17th. They set a “hold” rating on the stock.

Insider Transactions at Deckers Outdoor

In other news, CFO Steven J. Fasching sold 3,000 shares of Deckers Outdoor stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $492.90, for a total value of $1,478,700.00. Following the completion of the sale, the chief financial officer now directly owns 24,948 shares of the company’s stock, valued at $12,296,869.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Steven J. Fasching sold 3,000 shares of Deckers Outdoor stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $492.90, for a total value of $1,478,700.00. Following the completion of the transaction, the chief financial officer now owns 24,948 shares in the company, valued at $12,296,869.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Caroti Stefano sold 7,408 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $490.00, for a total transaction of $3,629,920.00. Following the sale, the insider now owns 45,142 shares in the company, valued at $22,119,580. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC lifted its stake in Deckers Outdoor by 13.7% in the first quarter. HighTower Advisors LLC now owns 3,294 shares of the textile maker’s stock worth $902,000 after acquiring an additional 398 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Deckers Outdoor by 7.1% in the first quarter. Great West Life Assurance Co. Can now owns 15,156 shares of the textile maker’s stock valued at $4,272,000 after buying an additional 1,001 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in Deckers Outdoor in the first quarter valued at $882,000. Sei Investments Co. lifted its holdings in Deckers Outdoor by 53.1% during the 1st quarter. Sei Investments Co. now owns 35,845 shares of the textile maker’s stock worth $9,811,000 after buying an additional 12,439 shares during the last quarter. Finally, Aviva PLC boosted its position in shares of Deckers Outdoor by 24.9% during the 1st quarter. Aviva PLC now owns 8,020 shares of the textile maker’s stock worth $2,196,000 after acquiring an additional 1,597 shares in the last quarter. 95.69% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

NYSE DECK opened at $532.71 on Friday. The stock’s 50 day simple moving average is $541.03 and its 200-day simple moving average is $487.28. The company has a market cap of $13.92 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92. Deckers Outdoor has a 1-year low of $298.61 and a 1-year high of $568.47.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 27th. The textile maker reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.25. Deckers Outdoor had a return on equity of 30.85% and a net margin of 14.33%. The company had revenue of $675.79 million for the quarter, compared to analyst estimates of $666.95 million. During the same quarter last year, the firm posted $1.66 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities research analysts anticipate that Deckers Outdoor will post 22.4 EPS for the current fiscal year.

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.