Deckers Outdoor (NYSE:DECK) Stock Rating Reaffirmed by Telsey Advisory Group

Deckers Outdoor (NYSE:DECK)‘s stock had its “outperform” rating reiterated by stock analysts at Telsey Advisory Group in a research note issued to investors on Friday, Benzinga reports. They presently have a $183.00 price objective on the textile maker’s stock. Telsey Advisory Group’s price target suggests a potential upside of 13.07% from the company’s current price.

DECK has been the topic of several other research reports. UBS Group upped their price objective on shares of Deckers Outdoor from $225.00 to $226.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Seaport Res Ptn lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 7th. BTIG Research raised their price objective on Deckers Outdoor from $31.11 to $33.33 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Evercore ISI upped their target price on Deckers Outdoor from $183.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Robert W. Baird lifted their price target on shares of Deckers Outdoor from $29.17 to $29.86 and gave the company an “outperform” rating in a research report on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus price target of $114.57.

Deckers Outdoor Trading Up 1.0 %

Shares of Deckers Outdoor stock opened at $161.85 on Friday. The company has a market cap of $4.12 billion, a P/E ratio of 5.53, a PEG ratio of 2.85 and a beta of 1.05. The business has a 50-day moving average price of $92.01 and a two-hundred day moving average price of $48.74. Deckers Outdoor has a 1-year low of $80.67 and a 1-year high of $184.48.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 40.52% and a net margin of 18.45%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. Equities research analysts forecast that Deckers Outdoor will post 5.22 EPS for the current fiscal year.

Insider Buying and Selling

In other Deckers Outdoor news, Director David Powers sold 140,832 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $23.97, for a total value of $3,376,368.96. Following the completion of the transaction, the director now owns 2,450,808 shares in the company, valued at $58,756,760.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Deckers Outdoor news, Director David Powers sold 140,832 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.97, for a total value of $3,376,368.96. Following the transaction, the director now directly owns 2,450,808 shares in the company, valued at $58,756,760.24. The trade was a 0.00 % 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, CFO Steven J. Fasching sold 9,198 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the sale, the chief financial officer now owns 161,838 shares of the company’s stock, valued at approximately $26,973,539.46. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Deckers Outdoor

Several hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in Deckers Outdoor by 663.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 214,592 shares of the textile maker’s stock valued at $34,217,000 after acquiring an additional 186,483 shares during the period. Essex LLC increased its stake in shares of Deckers Outdoor by 500.0% in the third quarter. Essex LLC now owns 1,410 shares of the textile maker’s stock worth $225,000 after purchasing an additional 1,175 shares in the last quarter. New Century Financial Group LLC increased its stake in shares of Deckers Outdoor by 463.3% in the third quarter. New Century Financial Group LLC now owns 5,025 shares of the textile maker’s stock worth $801,000 after purchasing an additional 4,133 shares in the last quarter. Resonant Capital Advisors LLC raised its position in shares of Deckers Outdoor by 521.6% in the third quarter. Resonant Capital Advisors LLC now owns 2,356 shares of the textile maker’s stock valued at $376,000 after purchasing an additional 1,977 shares during the period. Finally, Cadent Capital Advisors LLC purchased a new stake in shares of Deckers Outdoor during the 3rd quarter valued at approximately $476,000. 97.79% of the stock is currently owned by institutional investors.

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.