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

Shares of Deckers Outdoor Co. (NYSE:DECKGet Free Report) have received an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $1,023.44.

Several equities analysts have recently issued reports on the stock. KeyCorp upped their price objective on shares of Deckers Outdoor from $960.00 to $1,015.00 and gave the company an “overweight” rating in a report on Friday, May 24th. Stifel Nicolaus increased their price target on shares of Deckers Outdoor from $775.00 to $825.00 and gave the stock a “hold” rating in a report on Friday, May 24th. Wedbush increased their price target on shares of Deckers Outdoor from $1,000.00 to $1,030.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. TD Cowen increased their price target on shares of Deckers Outdoor from $1,005.00 to $1,039.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Finally, BTIG Research increased their price target on shares of Deckers Outdoor from $1,120.00 to $1,200.00 and gave the stock a “buy” rating in a report on Tuesday.

Get Our Latest Research Report on Deckers Outdoor

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Deckers Outdoor news, insider Thomas Garcia sold 4,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $1,074.86, for a total value of $4,299,440.00. Following the completion of the sale, the insider now directly owns 11,654 shares of the company’s stock, valued at approximately $12,526,418.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,101 shares of company stock worth $28,858,562. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

Hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC boosted its holdings in Deckers Outdoor by 0.9% during the 3rd quarter. LPL Financial LLC now owns 18,572 shares of the textile maker’s stock valued at $9,548,000 after acquiring an additional 168 shares during the period. Stifel Financial Corp boosted its holdings in Deckers Outdoor by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 21,443 shares of the textile maker’s stock valued at $11,024,000 after acquiring an additional 168 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in Deckers Outdoor by 27.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 3,776 shares of the textile maker’s stock valued at $1,941,000 after acquiring an additional 822 shares during the period. MQS Management LLC purchased a new position in Deckers Outdoor during the 3rd quarter valued at about $203,000. Finally, Bank of Nova Scotia boosted its holdings in Deckers Outdoor by 19.8% during the 3rd quarter. Bank of Nova Scotia now owns 1,473 shares of the textile maker’s stock valued at $757,000 after acquiring an additional 243 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Price Performance

NYSE:DECK opened at $1,000.69 on Friday. The firm has a market cap of $25.46 billion, a PE ratio of 34.16, a price-to-earnings-growth ratio of 3.26 and a beta of 1.11. The company has a 50-day moving average of $945.65 and a 200 day moving average of $858.33. Deckers Outdoor has a 1-year low of $484.02 and a 1-year high of $1,106.89.

Deckers Outdoor (NYSE:DECKGet Free Report) last announced its earnings results on Thursday, May 23rd. The textile maker reported $4.95 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $2.13. The business had revenue of $959.76 million during the quarter, compared to the consensus estimate of $892.00 million. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The firm’s revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.46 earnings per share. Sell-side analysts anticipate that Deckers Outdoor will post 30.59 EPS for the current fiscal year.

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.

Featured Stories

Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.