Deckers Outdoor (NYSE:DECK) Sets New 12-Month Low – Here’s Why

Deckers Outdoor Co. (NYSE:DECK) shares reached a new 52-week low on Tuesday . The stock traded as low as $115.00 and last traded at $115.35, with a volume of 672897 shares trading hands. The stock had previously closed at $117.48.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Jefferies Financial Group raised their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Bank of America lifted their price target 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 lowered their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research report on Friday, February 7th. Finally, Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Stock Up 0.2 %

The company has a market capitalization of $18.10 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 1.68 and a beta of 1.10. The stock’s fifty day moving average price is $165.87 and its 200-day moving average price is $164.06.

Deckers Outdoor (NYSE:DECK) last issued 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 net margin of 19.14% and a return on equity of 41.71%. Analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Powers sold 25,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Several institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System lifted its position in Deckers Outdoor by 1.9% during the fourth quarter. California State Teachers Retirement System now owns 244,605 shares of the textile maker’s stock worth $49,677,000 after purchasing an additional 4,576 shares during the period. 111 Capital bought a new position in shares of Deckers Outdoor in the fourth quarter worth about $580,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Deckers Outdoor by 113.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,094 shares of the textile maker’s stock worth $14,032,000 after acquiring an additional 36,712 shares during the last quarter. Siemens Fonds Invest GmbH lifted its holdings in shares of Deckers Outdoor by 258.6% in the fourth quarter. Siemens Fonds Invest GmbH now owns 5,874 shares of the textile maker’s stock worth $1,121,000 after acquiring an additional 4,236 shares during the last quarter. Finally, Cim LLC lifted its holdings in shares of Deckers Outdoor by 11.8% in the fourth quarter. Cim LLC now owns 21,050 shares of the textile maker’s stock worth $4,275,000 after acquiring an additional 2,230 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

About Deckers Outdoor

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.