Deckers Outdoor (NYSE:DECK) Shares Gap Up to $155.10

Shares of Deckers Outdoor Co. (NYSE:DECK) gapped up before the market opened on Wednesday . The stock had previously closed at $155.10, but opened at $160.45. Deckers Outdoor shares last traded at $157.99, with a volume of 96,895 shares traded.

Analyst Ratings Changes

DECK has been the topic of a number of research analyst reports. BTIG Research lifted their price target on shares of Deckers Outdoor from $31.11 to $33.33 and gave the company a “buy” rating in a report on Tuesday, June 25th. StockNews.com upgraded Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Truist Financial boosted their price target on Deckers Outdoor from $33.33 to $34.03 and gave the company a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company raised their price objective on Deckers Outdoor from $21.53 to $27.78 and gave the stock an “equal weight” rating in a report on Friday, May 24th. Finally, Piper Sandler reiterated a “neutral” rating and set a $27.78 target price on shares of Deckers Outdoor in a report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and an average price target of $37.06.

Deckers Outdoor Stock Performance

The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 5.30, a price-to-earnings-growth ratio of 2.66 and a beta of 1.05. The stock’s fifty day moving average is $30.47 and its two-hundred day moving average is $27.41.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The business had revenue of $825.30 million for the quarter, compared to analysts’ expectations of $808.40 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The company’s revenue was up 22.1% compared to the same quarter last year. Sell-side analysts anticipate that Deckers Outdoor Co. will post 31.6 earnings per share for the current year.

Insider Activity

In other news, Director David Powers sold 140,832 shares of the 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 sale, the director now directly owns 2,450,808 shares in the company, valued at approximately $58,756,760.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Deckers Outdoor by 460.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after buying an additional 23 shares in the last quarter. FinTrust Capital Advisors LLC grew its stake in Deckers Outdoor by 437.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 35 shares in the last quarter. Crewe Advisors LLC acquired a new position in Deckers Outdoor in the 2nd quarter worth about $34,000. Contravisory Investment Management Inc. purchased a new stake in shares of Deckers Outdoor during the 1st quarter worth about $36,000. Finally, EntryPoint Capital LLC lifted its holdings in shares of Deckers Outdoor by 256.3% during the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after buying an additional 41 shares during the last quarter. 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.