Deckers Outdoor Corporation (NYSE:DECK) Receives Average Rating of “Hold” from Analysts

Deckers Outdoor Corporation (NYSE:DECK) has earned an average recommendation of “Hold” from the twenty-five research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, nine have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $125.20.

A number of equities research analysts have recently commented on DECK shares. UBS Group reiterated a “buy” rating and set a $161.00 price objective (up previously from $157.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Barclays reaffirmed an “overweight” rating and set a $143.00 target price (up from $113.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. KGI Securities upgraded Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price target for the company in a research report on Friday, January 30th. Guggenheim assumed coverage on Deckers Outdoor in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 30th.

Deckers Outdoor Trading Up 1.3%

Shares of Deckers Outdoor stock opened at $117.20 on Wednesday. Deckers Outdoor has a 52 week low of $78.91 and a 52 week high of $156.60. The stock has a market cap of $16.64 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 2.64 and a beta of 1.16. The company’s 50-day moving average price is $105.59 and its two-hundred day moving average price is $102.20.

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

Insiders Place Their Bets

In other news, insider Anne Spangenberg sold 4,063 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the completion of the sale, the insider owned 80,449 shares of the company’s stock, valued at $9,333,692.98. This trade represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lauri M. Shanahan sold 4,682 shares of the company’s stock in a transaction 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 transaction, the director directly owned 25,026 shares in the company, valued at $2,873,985.84. The trade was a 15.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 9,092 shares of company stock worth $1,048,552. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Rakuten Securities Inc. increased its holdings in Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Perigon Wealth Management LLC increased its stake in shares of Deckers Outdoor by 4.3% during the 3rd quarter. Perigon Wealth Management LLC now owns 2,597 shares of the textile maker’s stock worth $263,000 after purchasing an additional 106 shares during the last quarter. American National Bank & Trust increased its position in Deckers Outdoor by 77.4% during the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after buying an additional 106 shares during the last quarter. RB Capital Management LLC increased its position in Deckers Outdoor by 1.0% during the third quarter. RB Capital Management LLC now owns 10,679 shares of the textile maker’s stock worth $1,083,000 after buying an additional 110 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its holdings in Deckers Outdoor by 2.3% during the third quarter. Miracle Mile Advisors LLC now owns 4,990 shares of the textile maker’s stock valued at $506,000 after buying an additional 112 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

About Deckers Outdoor

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.