Deckers Outdoor (NYSE:DECK) Shares Gap Down to $155.62

Deckers Outdoor Co. (NYSE:DECK)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $155.62, but opened at $152.42. Deckers Outdoor shares last traded at $153.27, with a volume of 168,845 shares traded.

Analyst Ratings Changes

A number of brokerages have issued reports on DECK. Stifel Nicolaus cut their price target on shares of Deckers Outdoor from $887.00 to $147.83 and set a “hold” rating on the stock in a research note on Tuesday, September 17th. Evercore ISI decreased their price objective on Deckers Outdoor from $30.83 to $30.56 and set an “outperform” rating on the stock in a report on Monday, July 15th. UBS Group raised their target price on Deckers Outdoor from $35.14 to $37.50 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wedbush reissued an “outperform” rating and set a $28.61 target price on shares of Deckers Outdoor in a research note on Friday, July 26th. Finally, TD Cowen upped their price objective on shares of Deckers Outdoor from $28.86 to $29.31 and gave the stock a “buy” rating in a report on Friday, July 26th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $54.99.

Deckers Outdoor Trading Up 1.8 %

The stock has a market cap of $4.03 billion, a P/E ratio of 5.31, a price-to-earnings-growth ratio of 2.74 and a beta of 1.05. The stock’s 50-day moving average is $56.61 and its 200-day moving average is $36.56.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $825.30 million during the quarter, compared to the consensus estimate of $808.40 million. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 EPS. On average, equities analysts forecast that Deckers Outdoor Co. will post 5.2 EPS for the current year.

Insider Buying and Selling

In other news, Director David Powers sold 140,832 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the completion of the transaction, the director now directly owns 2,450,808 shares in the company, valued at $58,756,760.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of hedge funds have recently made changes to their positions in DECK. Vanguard Group Inc. boosted its stake in Deckers Outdoor by 18.9% in the first quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock worth $2,751,448,000 after purchasing an additional 464,020 shares in the last quarter. Millennium Management LLC grew its position in shares of Deckers Outdoor by 231.2% during the 2nd quarter. Millennium Management LLC now owns 233,810 shares of the textile maker’s stock worth $226,316,000 after buying an additional 163,210 shares during the period. AMF Tjanstepension AB bought a new stake in shares of Deckers Outdoor during the 2nd quarter valued at $154,827,000. Epoch Investment Partners Inc. lifted its stake in Deckers Outdoor by 90.4% in the fourth quarter. Epoch Investment Partners Inc. now owns 216,709 shares of the textile maker’s stock valued at $144,855,000 after buying an additional 102,882 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Deckers Outdoor during the 2nd quarter worth approximately $91,674,000. 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.