Deckers Outdoor Corporation (NYSE:DECK) Receives Average Recommendation of “Hold” from Brokerages

Shares of Deckers Outdoor Corporation (NYSE:DECK) have earned a consensus recommendation of “Hold” from the twenty-four ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $117.5789.

DECK has been the topic of several recent research reports. Telsey Advisory Group lowered their price objective on shares of Deckers Outdoor from $120.00 to $105.00 and set a “market perform” rating on the stock in a research note on Friday, October 24th. TD Cowen restated a “buy” rating on shares of Deckers Outdoor in a research report on Friday, October 24th. UBS Group reaffirmed a “buy” rating on shares of Deckers Outdoor in a report on Tuesday, December 30th. Needham & Company LLC reissued a “buy” rating on shares of Deckers Outdoor in a research note on Thursday, January 8th. Finally, The Goldman Sachs Group decreased their target price on Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating on the stock in a report on Friday, October 24th.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $81.45, for a total transaction of $118,917.00. Following the sale, the insider owned 34,020 shares in the company, valued at approximately $2,770,929. The trade was a 4.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors have recently bought and sold shares of the business. American National Bank & Trust increased its holdings in shares of Deckers Outdoor by 77.4% in the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 106 shares during the period. True Wealth Design LLC grew its position in Deckers Outdoor by 2,440.0% during the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 244 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after buying an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in Deckers Outdoor in the 3rd quarter worth approximately $30,000. Finally, CVA Family Office LLC lifted its position in Deckers Outdoor by 137.4% in the 2nd quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock worth $32,000 after buying an additional 180 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

DECK opened at $99.85 on Friday. The company has a market capitalization of $14.55 billion, a PE ratio of 14.79, a P/E/G ratio of 4.58 and a beta of 1.15. The stock’s fifty day moving average is $98.11 and its 200-day moving average is $101.48. Deckers Outdoor has a one year low of $78.91 and a one year high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.24. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the business posted $1.59 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts forecast that Deckers Outdoor will post 5.89 EPS for the current fiscal year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.