Deckers Outdoor (NYSE:DECK) Stock Rating Upgraded by Argus

Deckers Outdoor (NYSE:DECK) was upgraded by equities research analysts at Argus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat.com reports.

DECK has been the topic of several other research reports. Sanford C. Bernstein set a $90.00 price objective on Deckers Outdoor in a research report on Friday, January 30th. 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. TD Cowen reaffirmed a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 24th. The Goldman Sachs Group reiterated a “sell” rating and set a $92.00 price objective (up previously from $81.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Finally, BTIG Research restated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.20.

Deckers Outdoor Trading Up 0.5%

Deckers Outdoor stock opened at $118.70 on Friday. Deckers Outdoor has a 12-month low of $78.91 and a 12-month high of $151.33. The firm has a 50-day moving average price of $106.63 and a 200-day moving average price of $102.50. The firm has a market capitalization of $16.85 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 2.70 and a beta of 1.16.

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

Insider Buying and Selling at Deckers Outdoor

In related news, insider Robin Spring-Green sold 347 shares of Deckers Outdoor stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Anne Spangenberg sold 4,063 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the transaction, the insider directly owned 80,449 shares of the company’s stock, valued at $9,333,692.98. This trade represents a 4.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 9,092 shares of company stock valued at $1,048,552. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. American National Bank & Trust grew its holdings in Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after purchasing an additional 106 shares during the last quarter. True Wealth Design LLC boosted its position in shares of Deckers Outdoor by 2,440.0% in the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after purchasing an additional 244 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after buying an additional 215 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Deckers Outdoor during the 3rd quarter valued at about $30,000. Finally, Elyxium Wealth LLC acquired a new position in Deckers Outdoor during the 4th quarter valued at about $30,000. Institutional investors own 97.79% of the company’s stock.

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.