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

Shares of Deckers Outdoor Co. (NYSE:DECK) have earned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $158.59.

A number of analysts recently weighed in on the company. Barclays increased their price objective on Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, October 25th. UBS Group increased their price target on Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Bank of America lifted their price objective on Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. BTIG Research downgraded shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th.

Insider Buying and Selling at Deckers Outdoor

In related news, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the sale, the chief executive officer now owns 259,266 shares in the company, valued at $54,015,478.44. This represents a 5.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the transaction, the director now owns 10,222 shares of the company’s stock, valued at $2,052,577.60. This trade represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,234 shares of company stock valued at $15,248,513. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DECK. Raymond James & Associates lifted its stake in Deckers Outdoor by 24.4% during the 2nd quarter. Raymond James & Associates now owns 19,063 shares of the textile maker’s stock valued at $18,452,000 after acquiring an additional 3,741 shares in the last quarter. TrueWealth Advisors LLC bought a new position in shares of Deckers Outdoor during the second quarter valued at about $232,000. Vivid Wealth Management LLC purchased a new position in Deckers Outdoor during the second quarter worth about $2,006,000. WD Rutherford LLC bought a new stake in Deckers Outdoor in the 2nd quarter worth about $394,000. Finally, AustralianSuper Pty Ltd increased its stake in Deckers Outdoor by 2.8% in the 2nd quarter. AustralianSuper Pty Ltd now owns 8,093 shares of the textile maker’s stock valued at $7,834,000 after buying an additional 224 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 0.2 %

Shares of DECK stock opened at $208.01 on Friday. The firm has a market capitalization of $31.60 billion, a price-to-earnings ratio of 36.58, a PEG ratio of 2.87 and a beta of 1.08. The business’s 50-day moving average price is $182.59 and its 200-day moving average price is $100.58. Deckers Outdoor has a 12 month low of $108.65 and a 12 month high of $214.70.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $1.14 EPS. The firm’s revenue was up 20.1% compared to the same quarter last year. On average, sell-side analysts predict that Deckers Outdoor will post 5.49 earnings per share for the current fiscal 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.