Deckers Outdoor (NYSE:DECK) Reaches New 12-Month High – Should You Buy?

Deckers Outdoor Co. (NYSE:DECK) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $213.90 and last traded at $213.90, with a volume of 807549 shares trading hands. The stock had previously closed at $205.28.

Wall Street Analysts Forecast Growth

Several analysts have commented on DECK shares. Seaport Res Ptn lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. UBS Group raised their target price on shares of Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Bank of America upped their price target on Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Robert W. Baird raised their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company upped their target price on Deckers Outdoor from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Deckers Outdoor presently has an average rating of “Moderate Buy” and an average price target of $158.59.

Deckers Outdoor Trading Up 2.8 %

The company has a market capitalization of $32.05 billion, a price-to-earnings ratio of 37.10, a P/E/G ratio of 2.87 and a beta of 1.08. The firm has a 50-day simple moving average of $181.65 and a two-hundred day simple moving average of $98.84.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $1.14 earnings per share. Deckers Outdoor’s quarterly revenue was up 20.1% on a year-over-year basis. Equities research analysts anticipate that Deckers Outdoor Co. will post 5.49 EPS for the current year.

Insider Activity at Deckers Outdoor

In related news, insider Thomas Garcia sold 18,000 shares of the company’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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Angela Ogbechie sold 1,278 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the sale, the insider now directly owns 29,628 shares in the company, valued at approximately $4,836,474.72. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,234 shares of company stock worth $15,248,513. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Deckers Outdoor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. lifted its stake in Deckers Outdoor by 460.0% in the 2nd 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. Crewe Advisors LLC acquired a new stake in shares of Deckers Outdoor in the second quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Deckers Outdoor during the second quarter worth approximately $63,000. Solstein Capital LLC raised its stake in Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its holdings in Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 146 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

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.