Deckers Outdoor Co. (NYSE:DECK) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Deckers Outdoor Co. (NYSE:DECK) has been given an average rating of “Moderate Buy” by the nineteen brokerages that are covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $197.41.

Several research analysts have weighed in on DECK shares. Jefferies Financial Group upped their target price on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Bank of America upped their price target on Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note 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 for the company in a research note on Friday, January 31st. Truist Financial decreased their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st.

Insider Buying and Selling

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the transaction, the director now 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. Insiders sold 39,574 shares of company stock worth $6,485,189 in the last 90 days. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth $26,000. Headlands Technologies LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter worth about $29,000. Vega Investment Solutions acquired a new position in shares of Deckers Outdoor during the fourth quarter worth about $29,000. Global Trust Asset Management LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter worth about $31,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after buying an additional 120 shares during the period. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $126.81 on Wednesday. Deckers Outdoor has a fifty-two week low of $122.61 and a fifty-two week high of $223.98. The stock’s 50-day moving average is $179.75 and its two-hundred day moving average is $159.83. The firm has a market cap of $19.25 billion, a P/E ratio of 20.56, a PEG ratio of 1.68 and a beta of 1.10.

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 the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, research analysts expect that Deckers Outdoor will post 5.89 EPS for the current year.

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.