Deckers Outdoor (NYSE:DECK) Upgraded to Buy at Argus

Deckers Outdoor (NYSE:DECK) was upgraded by equities research analysts at Argus from a “hold” rating to a “buy” rating in a report released on Friday, Marketbeat.com reports.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company set a $110.00 price objective on shares of Deckers Outdoor and gave the company an “equal weight” rating in a research report on Friday, January 30th. Evercore set a $108.00 price target on Deckers Outdoor in a research report on Friday, January 30th. Guggenheim began coverage on shares of Deckers Outdoor in a research report on Tuesday, December 9th. They issued a “neutral” rating for the company. Citigroup reissued a “buy” rating and issued a $130.00 price target (up previously from $120.00) on shares of Deckers Outdoor in a research note on Thursday, January 15th. Finally, Zacks Research upgraded Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.20.

Deckers Outdoor Stock Down 0.7%

DECK opened at $118.11 on Friday. Deckers Outdoor has a 52 week low of $78.91 and a 52 week high of $151.58. The stock’s fifty day moving average is $106.28 and its two-hundred day moving average is $102.43. The company has a market capitalization of $16.77 billion, a P/E ratio of 16.68, a PEG ratio of 2.71 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.56. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. Deckers Outdoor’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $3.00 earnings per share. Equities analysts anticipate that Deckers Outdoor will post 5.89 earnings per share for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, insider Anne Spangenberg sold 4,063 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $116.02, for a total value of $471,389.26. Following the sale, the insider directly owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. This represents a 4.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robin Spring-Green sold 347 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $113.78, for a total value of $39,481.66. Following the completion of the transaction, the insider owned 42,461 shares in the company, valued at approximately $4,831,212.58. The trade was a 0.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 9,092 shares of company stock worth $1,048,552. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. American National Bank & Trust lifted its holdings in shares of Deckers Outdoor by 77.4% in the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after buying an additional 106 shares during the period. True Wealth Design LLC increased its position in Deckers Outdoor by 2,440.0% during the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after buying an additional 244 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 215 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Deckers Outdoor during the third quarter valued at approximately $30,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth $30,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

About Deckers Outdoor

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.