Deckers Outdoor Corporation (NYSE:DECK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Deckers Outdoor Corporation (NYSE:DECK) have been given a consensus rating of “Moderate Buy” by the twenty-five analysts that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, ten have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $125.20.

Several research firms have recently issued reports on DECK. Stifel Nicolaus lifted their price objective on shares of Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $120.00 price target (up from $105.00) on shares of Deckers Outdoor in a report on Monday, January 26th. Zacks Research raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Citigroup reissued a “buy” rating and set a $130.00 target price (up previously from $120.00) on shares of Deckers Outdoor in a research report on Thursday, January 15th. Finally, Robert W. Baird cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th.

Insider Transactions at Deckers Outdoor

In other news, insider Robin Spring-Green sold 347 shares of the company’s stock in a transaction on 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. This represents a 0.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lauri M. Shanahan sold 4,682 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $114.84, for a total transaction of $537,680.88. Following the completion of the transaction, the director directly owned 25,026 shares in the company, valued at $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 9,092 shares of company stock worth $1,048,552. 0.40% of the stock is currently owned by insiders.

Institutional Trading of Deckers Outdoor

Several institutional investors and hedge funds have recently made changes to their positions in DECK. Rakuten Securities Inc. grew its stake in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of Deckers Outdoor by 4.3% in the third quarter. Perigon Wealth Management LLC now owns 2,597 shares of the textile maker’s stock valued at $263,000 after acquiring an additional 106 shares during the period. American National Bank & Trust grew its position in shares of Deckers Outdoor by 77.4% during the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after acquiring an additional 106 shares during the last quarter. RB Capital Management LLC increased its holdings in shares of Deckers Outdoor by 1.0% in the 3rd quarter. RB Capital Management LLC now owns 10,679 shares of the textile maker’s stock valued at $1,083,000 after acquiring an additional 110 shares during the period. Finally, Miracle Mile Advisors LLC raised its position in Deckers Outdoor by 2.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 4,990 shares of the textile maker’s stock valued at $506,000 after purchasing an additional 112 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $118.70 on Wednesday. The business has a 50-day simple moving average of $106.63 and a 200-day simple moving average of $102.48. Deckers Outdoor has a one year low of $78.91 and a one year high of $151.33. The company has a market cap of $16.85 billion, a PE ratio of 16.77, a P/E/G ratio of 2.70 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the company earned $3.00 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts predict that Deckers Outdoor will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor Company Profile

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.