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

Shares of Deckers Outdoor Co. (NYSE:DECKGet Free Report) have earned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $1,018.44.

Several equities research analysts have weighed in on the company. Evercore ISI boosted their price objective on Deckers Outdoor from $960.00 to $1,110.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Truist Financial raised Deckers Outdoor from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $1,011.00 to $1,200.00 in a research note on Tuesday, May 28th. Robert W. Baird boosted their price objective on Deckers Outdoor from $975.00 to $1,050.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Stifel Nicolaus boosted their price objective on Deckers Outdoor from $775.00 to $825.00 and gave the stock a “hold” rating in a research note on Friday, May 24th. Finally, TD Cowen boosted their price objective on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the stock a “buy” rating in a research note on Friday, May 24th.

Check Out Our Latest Analysis on DECK

Deckers Outdoor Stock Performance

NYSE DECK opened at $1,093.92 on Monday. The company has a market capitalization of $27.83 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 3.65 and a beta of 1.05. The business’s fifty day moving average is $888.70 and its 200 day moving average is $811.86. Deckers Outdoor has a fifty-two week low of $464.25 and a fifty-two week high of $1,095.48.

Deckers Outdoor (NYSE:DECKGet Free Report) last posted its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $2.13. The business had revenue of $959.76 million for the quarter, compared to analysts’ expectations of $892.00 million. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the firm earned $3.46 earnings per share. On average, sell-side analysts forecast that Deckers Outdoor will post 30.66 EPS for the current year.

Insider Activity at Deckers Outdoor

In related news, Director Michael F. Devine III sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $1,077.00, for a total value of $2,154,000.00. Following the transaction, the director now directly owns 6,204 shares of the company’s stock, valued at approximately $6,681,708. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Deckers Outdoor news, Director Michael F. Devine III sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $1,077.00, for a total value of $2,154,000.00. Following the sale, the director now directly owns 6,204 shares of the company’s stock, valued at $6,681,708. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Powers sold 5,993 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the sale, the chief executive officer now directly owns 98,218 shares in the company, valued at $80,942,435.98. The disclosure for this sale can be found here. Insiders have sold a total of 17,986 shares of company stock valued at $16,922,971 in the last ninety days. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DECK. FinTrust Capital Advisors LLC increased its holdings in shares of Deckers Outdoor by 437.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after buying an additional 35 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in Deckers Outdoor during the 4th quarter worth $33,000. Contravisory Investment Management Inc. acquired a new stake in Deckers Outdoor during the 1st quarter worth $36,000. FSC Wealth Advisors LLC acquired a new stake in Deckers Outdoor during the 4th quarter worth $39,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its stake in Deckers Outdoor by 170.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock worth $42,000 after acquiring an additional 51 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

About Deckers Outdoor

(Get Free Report

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.

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Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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