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

Deckers Outdoor Co. (NYSE:DECK) has received an average recommendation of “Moderate Buy” from the nineteen ratings firms that are currently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $197.41.

DECK has been the subject of a number of research reports. Evercore ISI lifted their target price on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. KeyCorp raised their price target on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Wells Fargo & Company decreased their price target on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Stifel Nicolaus raised their price target on Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research report on Friday, January 31st.

Deckers Outdoor Stock Performance

DECK opened at $153.97 on Friday. Deckers Outdoor has a fifty-two week low of $131.39 and a fifty-two week high of $223.98. The company has a market capitalization of $23.37 billion, a P/E ratio of 24.96, a P/E/G ratio of 1.93 and a beta of 1.07. The stock has a fifty day moving average of $200.84 and a 200-day moving average of $144.80.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. On average, equities research analysts predict that Deckers Outdoor will post 5.89 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the sale, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas Garcia sold 18,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the sale, the insider now owns 63,642 shares in the company, valued at approximately $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,956 shares of company stock worth $10,387,731. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $29,000. Global Trust Asset Management LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $31,000. Solstein Capital LLC lifted its stake in shares of Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after acquiring an additional 135 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Deckers Outdoor by 250.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after acquiring an additional 120 shares during the period. Finally, Bell Investment Advisors Inc lifted its stake in shares of Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after acquiring an additional 146 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

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.