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

Shares of Deckers Outdoor Co. (NYSE:DECK) have been given a consensus recommendation of “Moderate Buy” by the nineteen brokerages that are presently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $165.06.

A number of analysts have commented on DECK shares. TD Cowen increased their price objective on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 25th. Telsey Advisory Group lifted their price objective on Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Piper Sandler set a $166.00 target price on Deckers Outdoor in a report on Thursday, October 17th. Truist Financial lifted their price target on Deckers Outdoor from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Stifel Nicolaus raised their price objective on shares of Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research report on Friday, October 25th.

Insider Activity at Deckers Outdoor

In related news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Angela Ogbechie sold 1,278 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total value of $208,620.72. Following the transaction, the insider now directly owns 29,628 shares of the company’s stock, valued at $4,836,474.72. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,036 shares of company stock worth $13,715,482 in the last three months. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Deckers Outdoor

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after acquiring an additional 1,170,855 shares in the last quarter. City Center Advisors LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter valued at approximately $575,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of Deckers Outdoor by 506.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock valued at $1,060,000 after purchasing an additional 5,574 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Deckers Outdoor by 512.9% during the 3rd quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock worth $63,371,000 after purchasing an additional 332,590 shares during the last quarter. Finally, Cadent Capital Advisors LLC grew its stake in shares of Deckers Outdoor by 116.8% during the fourth quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock worth $1,316,000 after purchasing an additional 3,491 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $210.15 on Tuesday. Deckers Outdoor has a 1 year low of $120.23 and a 1 year high of $214.70. The firm has a market capitalization of $31.93 billion, a PE ratio of 36.96, a P/E/G ratio of 2.89 and a beta of 1.08. The business’s 50 day moving average price is $199.20 and its 200-day moving average price is $123.82.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.35. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 EPS. As a group, analysts expect that Deckers Outdoor will post 5.53 earnings per share for the current year.

About Deckers Outdoor

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.