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

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

Deckers Outdoor Stock Performance

Shares of NYSE DECK traded down $2.60 during midday trading on Friday, reaching $169.59. The stock had a trading volume of 1,124,365 shares, compared to its average volume of 2,865,684. Deckers Outdoor has a twelve month low of $131.39 and a twelve month high of $223.98. The company’s 50 day moving average price is $204.50 and its 200 day moving average price is $139.96. The firm has a market cap of $25.76 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DECK shares. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a research note on Thursday, October 17th. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Robert W. Baird increased 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. BTIG Research cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen raised their price target on shares of Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $197.41.

Insider Buying and Selling

In other news, insider Anne Spangenberg sold 3,882 shares of Deckers Outdoor stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total value of $723,721.26. Following the completion of the sale, the insider now owns 67,434 shares in the company, valued at $12,571,720.62. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was 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 $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,956 shares of company stock valued at $10,387,731 over the last quarter. Insiders own 0.40% of the company’s stock.

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.