Deckers Outdoor (NYSE:DECK) Sets New 1-Year High – What’s Next?

Deckers Outdoor Co. (NYSE:DECK)’s share price hit a new 52-week high on Tuesday . The company traded as high as $218.39 and last traded at $212.19, with a volume of 175031 shares. The stock had previously closed at $209.91.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DECK. Robert W. Baird raised their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Wells Fargo & Company lifted their price target on Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Barclays upped their price objective on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. KeyCorp raised their target price on shares of Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Seaport Res Ptn lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average target price of $179.14.

Deckers Outdoor Stock Performance

The firm has a fifty day moving average of $201.33 and a 200-day moving average of $127.75. The stock has a market capitalization of $32.67 billion, a price-to-earnings ratio of 37.81, a P/E/G ratio of 2.96 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 earnings per share. On average, analysts predict that Deckers Outdoor Co. will post 5.56 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the sale, the director now directly owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the transaction, the insider now directly owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,036 shares of company stock valued at $13,715,482 over the last 90 days. 0.40% of the stock is owned by corporate insiders.

Institutional Trading of Deckers Outdoor

Hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its stake in Deckers Outdoor by 499.2% during the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after acquiring an additional 19,053,113 shares during the last quarter. State Street Corp lifted its position in shares of Deckers Outdoor by 513.8% during the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after purchasing an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Deckers Outdoor by 509.1% during the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after purchasing an additional 3,393,420 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 worth $206,790,000 after purchasing an additional 1,170,855 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Deckers Outdoor by 529.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock valued at $203,674,000 after buying an additional 1,074,263 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

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