Deckers Outdoor Corporation (NYSE:DECK) Receives Consensus Rating of “Moderate Buy” from Brokerages

Deckers Outdoor Corporation (NYSE:DECK) has been given a consensus rating of “Moderate Buy” by the twenty-five analysts that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, ten have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $125.20.

Several research firms have recently weighed in on DECK. KGI Securities upgraded shares of Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price objective on the stock in a research report on Friday, January 30th. Argus raised Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Guggenheim began coverage on Deckers Outdoor in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. The Goldman Sachs Group reaffirmed a “sell” rating and set a $92.00 price target (up from $81.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a report on Wednesday, January 21st.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $100.81 on Friday. The firm has a fifty day moving average price of $108.88 and a two-hundred day moving average price of $102.99. The company has a market cap of $14.31 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 2.30 and a beta of 1.15. Deckers Outdoor has a one year low of $78.91 and a one year high of $133.43.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.56. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.00 earnings per share. Equities research analysts expect that Deckers Outdoor will post 5.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lauri M. Shanahan sold 4,682 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director directly owned 25,026 shares in the company, valued at approximately $2,873,985.84. The trade was a 15.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robin Spring-Green sold 347 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $113.78, for a total transaction of $39,481.66. Following the completion of the sale, the insider directly owned 42,461 shares of the company’s stock, valued at $4,831,212.58. This trade represents a 0.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pinnacle Investment Management Ltd bought a new stake in shares of Deckers Outdoor in the 3rd quarter worth approximately $2,027,000. Allspring Global Investments Holdings LLC increased its position in Deckers Outdoor by 171.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 326,353 shares of the textile maker’s stock valued at $33,020,000 after buying an additional 205,975 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Deckers Outdoor by 208.4% during the third quarter. Assenagon Asset Management S.A. now owns 178,664 shares of the textile maker’s stock valued at $18,111,000 after buying an additional 120,735 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Deckers Outdoor during the second quarter valued at $456,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Deckers Outdoor by 46.2% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,800 shares of the textile maker’s stock worth $6,062,000 after purchasing an additional 18,900 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

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.