Deckers Outdoor Co. (NYSE:DECK) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Deckers Outdoor Co. (NYSE:DECK) have been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $870.93.

Several research analysts have recently commented on the stock. Truist Financial restated a “hold” rating and set a $864.00 price target (down previously from $983.00) on shares of Deckers Outdoor in a research note on Wednesday. KeyCorp started coverage on shares of Deckers Outdoor in a research note on Wednesday, February 7th. They set an “overweight” rating and a $960.00 price target on the stock. Wedbush reiterated an “outperform” rating and issued a $1,000.00 target price on shares of Deckers Outdoor in a research note on Wednesday. Evercore ISI started coverage on shares of Deckers Outdoor in a research note on Thursday, February 15th. They issued an “outperform” rating and a $960.00 target price on the stock. Finally, Stifel Nicolaus raised their target price on shares of Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a research note on Friday, February 2nd.

Insider Transactions at Deckers Outdoor

In other news, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the completion of the transaction, the insider now directly owns 4,027 shares of the company’s stock, valued at approximately $3,399,311.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at approximately $90,640,481.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Ogbechie sold 313 shares of Deckers Outdoor stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the transaction, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The disclosure for this sale can be found here. In the last three months, insiders sold 42,449 shares of company stock valued at $34,172,388. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Several institutional investors have recently added to or reduced their stakes in DECK. FinTrust Capital Advisors LLC raised its stake in shares of Deckers Outdoor by 437.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after acquiring an additional 35 shares during the last quarter. Anchor Investment Management LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth about $33,000. Contravisory Investment Management Inc. bought a new position in shares of Deckers Outdoor in the first quarter worth about $36,000. FSC Wealth Advisors LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth about $39,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its stake in shares of Deckers Outdoor by 170.0% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock worth $42,000 after acquiring an additional 51 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Down 0.7 %

DECK stock opened at $814.37 on Friday. Deckers Outdoor has a 12-month low of $424.36 and a 12-month high of $956.17. The company has a market cap of $20.90 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 1.45 and a beta of 1.01. The company has a 50 day moving average of $887.43 and a two-hundred day moving average of $726.36.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm earned $10.48 EPS. The company’s revenue was up 16.0% compared to the same quarter last year. On average, research analysts anticipate that Deckers Outdoor will post 26.87 EPS for the current year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.