Deckers Outdoor’s (DECK) In-Line Rating Reiterated at Evercore ISI

Evercore ISI restated their in-line rating on shares of Deckers Outdoor (NYSE:DECK) in a report released on Friday morning, Marketbeat reports. Evercore ISI currently has a $110.00 target price on the textile maker’s stock, down from their previous target price of $235.00.

A number of other equities research analysts have also issued reports on DECK. UBS Group reissued a “hold” rating on shares of Deckers Outdoor in a research note on Thursday. Bank of America lifted their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Citigroup decreased their target price on shares of Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, April 28th. TD Securities lifted their target price on shares of Deckers Outdoor from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. Finally, KeyCorp reissued a “sector weight” rating and set a $150.00 target price on shares of Deckers Outdoor in a research note on Friday. Twelve equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and an average target price of $134.68.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $100.89 on Friday. The company has a 50 day moving average price of $114.55 and a 200 day moving average price of $157.96. Deckers Outdoor has a 52 week low of $93.72 and a 52 week high of $223.98. The firm has a market capitalization of $15.31 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 1.68 and a beta of 1.11.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, May 22nd. The textile maker reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.43. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue was up 6.5% on a year-over-year basis. Equities analysts forecast that Deckers Outdoor will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor announced that its board has initiated a stock repurchase plan on Thursday, May 22nd that allows the company to repurchase $2.25 billion in shares. This repurchase authorization allows the textile maker to reacquire up to 11.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now owns 10,388 shares of the company’s stock, valued at $1,396,978.24. The trade was a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Powers sold 25,000 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. This represents a 9.37% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DECK. Mpwm Advisory Solutions LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth about $26,000. Headlands Technologies LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth about $29,000. Vega Investment Solutions bought a new position in shares of Deckers Outdoor during the 4th quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after purchasing an additional 120 shares during the period. Finally, Mountain Hill Investment Partners Corp. bought a new position in shares of Deckers Outdoor during the 1st quarter worth about $34,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.