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

Deckers Outdoor Co. (NYSE:DECK) has received an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $149.50.

Several equities analysts recently commented on the company. Wells Fargo & Company boosted their target price on Deckers Outdoor from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Wedbush restated an “outperform” rating and issued a $28.61 price objective on shares of Deckers Outdoor in a research report on Friday, July 26th. Guggenheim assumed coverage on shares of Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating for the company. Seaport Res Ptn lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 7th. Finally, Piper Sandler set a $166.00 price objective on shares of Deckers Outdoor in a report on Thursday, October 17th.

Deckers Outdoor Trading Down 0.0 %

NYSE:DECK opened at $169.52 on Thursday. Deckers Outdoor has a 12 month low of $96.90 and a 12 month high of $184.48. The firm’s 50 day moving average is $110.83 and its 200 day moving average is $55.66. The stock has a market capitalization of $4.31 billion, a PE ratio of 5.79, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 40.52% and a net margin of 18.45%. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period last year, the business posted $1.14 earnings per share. Research analysts predict that Deckers Outdoor will post 5.22 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

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

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds have recently made changes to their positions in the company. Chevy Chase Trust Holdings LLC boosted its stake in shares of Deckers Outdoor by 285.2% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 17,853 shares of the textile maker’s stock worth $16,804,000 after purchasing an additional 13,218 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Deckers Outdoor by 46.2% during the first quarter. BNP Paribas Financial Markets now owns 30,263 shares of the textile maker’s stock valued at $28,485,000 after buying an additional 9,558 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Deckers Outdoor by 3.9% in the first quarter. Nordea Investment Management AB now owns 1,823 shares of the textile maker’s stock worth $1,728,000 after buying an additional 68 shares during the period. Consolidated Portfolio Review Corp bought a new stake in shares of Deckers Outdoor during the 1st quarter worth approximately $2,567,000. Finally, Diversify Advisory Services LLC purchased a new position in Deckers Outdoor during the 1st quarter valued at $816,000. 97.79% of the stock is currently owned by hedge funds and other 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.