Deckers Outdoor (NYSE:DECK) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Deckers Outdoor (NYSE:DECK) in a research report sent to investors on Monday,Benzinga reports. The firm currently has a $105.00 target price on the textile maker’s stock.

A number of other research firms have also issued reports on DECK. UBS Group reiterated a “buy” rating on shares of Deckers Outdoor in a research report on Tuesday, December 30th. KeyCorp raised shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Citigroup reissued a “buy” rating and set a $130.00 target price (up from $120.00) on shares of Deckers Outdoor in a research note on Thursday, January 15th. Wells Fargo & Company decreased their price target on shares of Deckers Outdoor from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, October 24th. Finally, Robert W. Baird downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Deckers Outdoor has an average rating of “Hold” and an average price target of $117.58.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $101.46 on Monday. Deckers Outdoor has a 1 year low of $78.91 and a 1 year high of $223.98. The business’s fifty day moving average is $98.53 and its 200-day moving average is $101.41. The stock has a market cap of $14.79 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 4.51 and a beta of 1.15.

Insiders Place Their Bets

In related news, insider Angela Ogbechie sold 1,460 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $81.45, for a total transaction of $118,917.00. Following the transaction, the insider directly owned 34,020 shares of the company’s stock, valued at approximately $2,770,929. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Several institutional investors and hedge funds have recently bought and sold shares of DECK. Trillium Asset Management LLC increased its position in Deckers Outdoor by 28.1% in the 2nd quarter. Trillium Asset Management LLC now owns 188,486 shares of the textile maker’s stock worth $19,428,000 after purchasing an additional 41,325 shares during the last quarter. OFI Invest Asset Management lifted its holdings in shares of Deckers Outdoor by 32.1% during the 2nd quarter. OFI Invest Asset Management now owns 361,543 shares of the textile maker’s stock valued at $37,264,000 after buying an additional 87,834 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Deckers Outdoor by 37.9% in the 2nd quarter. Bank of Montreal Can now owns 188,873 shares of the textile maker’s stock valued at $19,467,000 after buying an additional 51,914 shares in the last quarter. KLP Kapitalforvaltning AS increased its holdings in Deckers Outdoor by 8.4% in the second quarter. KLP Kapitalforvaltning AS now owns 146,500 shares of the textile maker’s stock worth $15,100,000 after buying an additional 11,400 shares during the last quarter. Finally, Achmea Investment Management B.V. raised its position in Deckers Outdoor by 135.3% during the second quarter. Achmea Investment Management B.V. now owns 135,341 shares of the textile maker’s stock valued at $13,950,000 after acquiring an additional 77,812 shares in the last quarter. Hedge funds and other 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.