Deckers Outdoor (NYSE:DECK) Downgraded to “Neutral” at BTIG Research

BTIG Research downgraded shares of Deckers Outdoor (NYSE:DECK) from a buy rating to a neutral rating in a report released on Tuesday morning, Marketbeat reports.

A number of other equities analysts also recently weighed in on DECK. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a research note on Thursday, October 17th. 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. UBS Group increased their price objective on Deckers Outdoor from $225.00 to $226.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. TD Cowen boosted their target price on Deckers Outdoor from $176.00 to $178.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, Robert W. Baird raised their price target on Deckers Outdoor from $29.17 to $29.86 and gave the company an “outperform” rating in a report on Friday, July 26th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $114.57.

Deckers Outdoor Price Performance

DECK stock opened at $152.12 on Tuesday. The business has a fifty day moving average price of $102.28 and a 200 day moving average price of $52.18. Deckers Outdoor has a fifty-two week low of $80.67 and a fifty-two week high of $184.48. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 5.19, a P/E/G ratio of 2.85 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $825.30 million during the quarter, compared to analyst estimates of $808.40 million. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the company posted $0.07 earnings per share. On average, equities analysts expect that Deckers Outdoor will post 5.22 earnings per share 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 that occurred on 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 completion of the sale, the director now owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. This represents 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 accessible through the SEC website. In related news, CFO Steven J. Fasching sold 9,198 shares of the 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 completion of the sale, the chief financial officer now directly owns 161,838 shares of the company’s stock, valued at approximately $26,973,539.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Powers sold 140,832 shares of the firm’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 sale, the director now owns 2,450,808 shares in the company, valued at $58,756,760.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Deckers Outdoor

Large investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. increased its holdings in Deckers Outdoor by 460.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock worth $27,000 after purchasing an additional 23 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of Deckers Outdoor in the second quarter worth $34,000. GHP Investment Advisors Inc. bought a new stake in shares of Deckers Outdoor in the third quarter worth $36,000. Salomon & Ludwin LLC boosted its holdings in Deckers Outdoor by 500.0% during the third quarter. Salomon & Ludwin LLC now owns 246 shares of the textile maker’s stock worth $39,000 after purchasing an additional 205 shares during the last quarter. Finally, Whittier Trust Co. grew its position in Deckers Outdoor by 338.1% in the third quarter. Whittier Trust Co. now owns 276 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 213 shares in the last quarter. Institutional investors 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.