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

Shares of Deckers Outdoor Co. (NYSE:DECK) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $889.00.

A number of research analysts recently weighed in on the stock. Barclays assumed coverage on shares of Deckers Outdoor in a research report on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 target price for the company. Wells Fargo & Company boosted their price target on Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. UBS Group upped their price target on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. TD Cowen boosted their price objective on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, Evercore ISI assumed coverage on shares of Deckers Outdoor in a research note on Thursday, February 15th. They issued an “outperform” rating and a $960.00 target price for the company.

Insider Buying and Selling

In other news, insider Angela Ogbechie sold 313 shares of Deckers Outdoor stock in a transaction on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the transaction, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $862.53, for a total value of $5,169,142.29. Following the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at $84,715,971.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Angela Ogbechie sold 313 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.13, for a total transaction of $264,212.69. Following the completion of the transaction, the insider now directly owns 4,027 shares of the company’s stock, valued at approximately $3,399,311.51. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,792 shares of company stock valued at $23,173,771. 0.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in shares of Deckers Outdoor in the 3rd quarter worth approximately $234,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Deckers Outdoor by 3.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,754 shares of the textile maker’s stock worth $902,000 after buying an additional 61 shares during the period. Park Avenue Securities LLC bought a new stake in Deckers Outdoor during the 3rd quarter valued at approximately $1,352,000. Dupont Capital Management Corp grew its holdings in shares of Deckers Outdoor by 149.4% during the 3rd quarter. Dupont Capital Management Corp now owns 15,792 shares of the textile maker’s stock worth $8,119,000 after acquiring an additional 9,461 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Deckers Outdoor by 66.7% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,700 shares of the textile maker’s stock valued at $2,401,000 after purchasing an additional 1,880 shares during the period. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $853.72 on Thursday. Deckers Outdoor has a 1 year low of $424.36 and a 1 year high of $956.17. The company has a market capitalization of $21.91 billion, a P/E ratio of 30.71, a price-to-earnings-growth ratio of 1.49 and a beta of 1.05. The business has a 50-day moving average of $877.33 and a two-hundred day moving average of $767.06.

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.