Deckers Outdoor (NYSE:DECK) Downgraded by Bank of America

Bank of America cut shares of Deckers Outdoor (NYSE:DECK) from a buy rating to a neutral rating in a research note issued to investors on Thursday, MarketBeat reports. The brokerage currently has $860.00 price target on the textile maker’s stock, down from their prior price target of $875.00.

Other equities research analysts also recently issued reports about the stock. Barclays initiated coverage on shares of Deckers Outdoor in a research note on Monday, April 1st. They issued an overweight rating and a $1,110.00 price target on the stock. KeyCorp began coverage on shares of Deckers Outdoor in a report on Wednesday, February 7th. They set an overweight rating and a $960.00 price target for the company. UBS Group increased their price target on Deckers Outdoor from $950.00 to $1,150.00 and gave the company a buy rating in a research note on Friday, February 2nd. Evercore ISI assumed coverage on Deckers Outdoor in a research report on Thursday, February 15th. They set an outperform rating and a $960.00 price objective on the stock. Finally, Raymond James upped their target price on Deckers Outdoor from $585.00 to $845.00 and gave the stock an outperform rating in a report on Tuesday, January 30th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $889.00.

Deckers Outdoor Stock Up 3.3 %

Shares of Deckers Outdoor stock opened at $833.46 on Thursday. Deckers Outdoor has a 12-month low of $424.36 and a 12-month high of $956.17. The company has a market capitalization of $21.39 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.48 and a beta of 1.01. The firm’s 50-day moving average price is $882.26 and its two-hundred day moving average price is $748.27.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm posted $10.48 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, sell-side analysts expect that Deckers Outdoor will post 26.89 earnings per share for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the stock in a transaction that occurred on 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 sale, the insider now 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 accessible through the SEC website. In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the sale, the insider now owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The disclosure for this sale can be found here. Insiders have sold a total of 30,464 shares of company stock valued at $26,229,683 over the last ninety days. 0.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Deckers Outdoor

Institutional investors have recently added to or reduced their stakes in the business. AE Wealth Management LLC increased its stake in shares of Deckers Outdoor by 63.0% in the 3rd quarter. AE Wealth Management LLC now owns 957 shares of the textile maker’s stock valued at $492,000 after acquiring an additional 370 shares in the last quarter. SG Americas Securities LLC bought a new stake in Deckers Outdoor in the third quarter valued at $234,000. Exchange Traded Concepts LLC raised its holdings in shares of Deckers Outdoor by 31.3% during the third quarter. Exchange Traded Concepts LLC now owns 352 shares of the textile maker’s stock valued at $181,000 after purchasing an additional 84 shares during the period. Oak Thistle LLC bought a new position in shares of Deckers Outdoor during the 3rd quarter worth about $692,000. Finally, Asset Management One Co. Ltd. boosted its position in shares of Deckers Outdoor by 13.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 11,870 shares of the textile maker’s stock worth $6,102,000 after purchasing an additional 1,444 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

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