Telsey Advisory Group Reaffirms Market Perform Rating for Deckers Outdoor (NYSE:DECK)

Deckers Outdoor (NYSE:DECK)‘s stock had its “market perform” rating reaffirmed by research analysts at Telsey Advisory Group in a research report issued on Monday,Benzinga reports. They presently have a $105.00 price objective on the textile maker’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 5.00% from the company’s current price.

DECK has been the topic of several other research reports. Guggenheim initiated coverage on shares of Deckers Outdoor in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Raymond James Financial set a $115.00 price objective on Deckers Outdoor and gave the company a “strong-buy” rating in a research report on Friday, October 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Wednesday, January 21st. Evercore ISI reduced their target price on Deckers Outdoor from $115.00 to $110.00 and set an “in-line” rating for the company in a report on Friday, October 17th. Finally, Truist Financial set a $115.00 price target on Deckers Outdoor in a research note on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $117.74.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $100.00 on Monday. Deckers Outdoor has a 1 year low of $78.91 and a 1 year high of $223.98. The firm’s 50-day moving average is $98.85 and its 200 day moving average is $101.39. The stock has a market cap of $14.57 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 4.57 and a beta of 1.15.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $81.45, for a total transaction of $118,917.00. Following the completion of the sale, the insider directly owned 34,020 shares of the company’s stock, valued at approximately $2,770,929. This represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Novem Group lifted its position in Deckers Outdoor by 53.3% during the fourth quarter. Novem Group now owns 11,267 shares of the textile maker’s stock valued at $1,168,000 after purchasing an additional 3,916 shares in the last quarter. Evergreen Capital Management LLC lifted its position in shares of Deckers Outdoor by 34.3% during the 4th quarter. Evergreen Capital Management LLC now owns 4,214 shares of the textile maker’s stock valued at $437,000 after buying an additional 1,077 shares in the last quarter. PFG Advisors purchased a new stake in Deckers Outdoor in the 4th quarter worth approximately $263,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Deckers Outdoor by 17.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,598 shares of the textile maker’s stock worth $12,088,000 after acquiring an additional 17,351 shares during the period. Finally, Krilogy Financial LLC bought a new stake in Deckers Outdoor during the 4th quarter worth approximately $711,000. 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.