Deckers Outdoor Co. (NYSE:DECK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Deckers Outdoor Co. (NYSE:DECKGet Free Report) have earned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $889.00.

A number of research analysts have recently commented on DECK shares. Evercore ISI began coverage on Deckers Outdoor in a report on Thursday, February 15th. They set an “outperform” rating and a $960.00 price target for the company. Wedbush restated an “outperform” rating and issued a $1,000.00 price target on shares of Deckers Outdoor in a research report on Monday, May 6th. Piper Sandler upped their price objective on shares of Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Truist Financial reissued a “hold” rating and set a $864.00 target price (down from $983.00) on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Finally, KeyCorp started coverage on Deckers Outdoor in a report on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 price target for the company.

Read Our Latest Stock Analysis on DECK

Insider Buying and Selling

In other news, Director Bonita C. Stewart sold 3,500 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $871.11, for a total transaction of $3,048,885.00. Following the completion of the sale, the director now owns 8,863 shares in the company, valued at $7,720,647.93. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $922.85, for a total value of $5,530,640.05. Following the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $90,640,481.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bonita C. Stewart sold 3,500 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $871.11, for a total value of $3,048,885.00. Following the completion of the sale, the director now directly owns 8,863 shares of the company’s stock, valued at $7,720,647.93. The disclosure for this sale can be found here. Insiders sold 21,479 shares of company stock worth $18,687,559 in the last quarter. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Several large investors have recently modified their holdings of the business. Morgan Stanley lifted its stake in Deckers Outdoor by 82.6% in the 3rd quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock valued at $599,633,000 after acquiring an additional 527,546 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Deckers Outdoor by 18.9% in the 1st quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock valued at $2,751,448,000 after acquiring an additional 464,020 shares in the last quarter. Norges Bank bought a new stake in Deckers Outdoor during the fourth quarter worth about $196,814,000. TD Asset Management Inc grew its stake in Deckers Outdoor by 191.1% in the fourth quarter. TD Asset Management Inc now owns 305,949 shares of the textile maker’s stock valued at $204,505,000 after purchasing an additional 200,850 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Deckers Outdoor during the 3rd quarter worth approximately $72,727,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $850.67 on Thursday. Deckers Outdoor has a 52 week low of $424.36 and a 52 week high of $956.17. The firm has a market capitalization of $21.83 billion, a PE ratio of 30.60, a PEG ratio of 1.53 and a beta of 1.05. The business’s 50-day simple moving average is $874.60 and its 200-day simple moving average is $776.82.

Deckers Outdoor Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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