Deckers Outdoor (NYSE:DECK) Releases Earnings Results, Beats Estimates By $0.56 EPS

Deckers Outdoor (NYSE:DECK) released its quarterly earnings results on Thursday. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56, Zacks reports. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $168.18 on Friday. Deckers Outdoor has a 1 year low of $131.39 and a 1 year high of $223.98. The firm has a market cap of $25.55 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. The company has a 50 day simple moving average of $204.11 and a 200 day simple moving average of $140.18.

Analyst Ratings Changes

Several research firms have recently weighed in on DECK. Bank of America lifted their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Truist Financial reduced their target price on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Jefferies Financial Group lifted their price target on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Evercore ISI boosted their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Insiders Place Their Bets

In related news, CEO Caroti Stefano sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total value of $2,635,950.00. Following the sale, the chief executive officer now owns 273,540 shares in the company, valued at $48,069,184.20. This represents a 5.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thomas Garcia sold 18,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the completion of the sale, the insider now owns 63,642 shares of the company’s stock, valued at approximately $11,155,169.76. This represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,956 shares of company stock valued at $10,387,731. 0.40% of the stock is currently owned by company insiders.

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.