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

Deckers Outdoor Co. (NYSE:DECK) has been assigned an average rating of “Moderate Buy” from the nineteen research firms that are covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $153.53.

Several research firms recently commented on DECK. Telsey Advisory Group raised their price target on shares of Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Guggenheim began coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They set a “neutral” rating for the company. Needham & Company LLC began coverage on Deckers Outdoor in a research note on Friday. They issued a “buy” rating and a $218.00 price objective on the stock. Piper Sandler set a $166.00 target price on Deckers Outdoor in a research report on Thursday, October 17th. Finally, BTIG Research lowered Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd.

Deckers Outdoor Stock Up 5.6 %

DECK stock opened at $192.15 on Monday. The firm’s fifty day simple moving average is $163.85 and its two-hundred day simple moving average is $74.32. The stock has a market capitalization of $29.19 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. Deckers Outdoor has a twelve month low of $105.10 and a twelve month high of $193.33.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data 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 business had revenue of $1.31 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 earnings per share. As a group, equities research analysts expect that Deckers Outdoor will post 5.48 EPS for the current year.

Insider Buying and Selling

In other news, Director Bonita C. Stewart sold 9,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.42, for a total value of $1,578,780.00. Following the sale, the director now owns 44,988 shares in the company, valued at $7,891,794.96. This represents a 16.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Caroti Stefano sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total transaction of $2,635,950.00. Following the transaction, the chief executive officer now owns 273,540 shares of the company’s stock, valued at $48,069,184.20. This represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 202,110 shares of company stock worth $14,028,140 in the last three months. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

A number of institutional investors have recently modified their holdings of DECK. Anchor Investment Management LLC grew its holdings in Deckers Outdoor by 500.0% during the third quarter. Anchor Investment Management LLC now owns 504 shares of the textile maker’s stock worth $80,000 after acquiring an additional 420 shares during the period. Passumpsic Savings Bank boosted its position in Deckers Outdoor by 477.8% in the 3rd quarter. Passumpsic Savings Bank now owns 27,296 shares of the textile maker’s stock worth $4,352,000 after purchasing an additional 22,572 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of Deckers Outdoor by 447.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 953 shares of the textile maker’s stock worth $152,000 after purchasing an additional 779 shares during the period. Arete Wealth Advisors LLC increased its holdings in shares of Deckers Outdoor by 589.1% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,556 shares of the textile maker’s stock valued at $563,000 after purchasing an additional 3,040 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of Deckers Outdoor by 466.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 14,089 shares of the textile maker’s stock valued at $2,246,000 after purchasing an additional 11,600 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

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.