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

Deckers Outdoor Co. (NYSE:DECK) has been given a consensus rating of “Moderate Buy” by the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $870.93.

A number of analysts have recently issued reports on DECK shares. Stifel Nicolaus raised their target price on shares of Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a research note on Friday, February 2nd. UBS Group raised their price target on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Piper Sandler raised their price target on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. KeyCorp began coverage on shares of Deckers Outdoor in a research report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 price target on the stock. Finally, Barclays began coverage on shares of Deckers Outdoor in a research report on Monday, April 1st. They set an “overweight” rating and a $1,110.00 price target on the stock.

Insider Buying and Selling at Deckers Outdoor

In other news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $922.85, for a total value of $5,530,640.05. Following the sale, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $90,640,481.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Lauri M. Shanahan sold 3,672 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $832.22, for a total value of $3,055,911.84. Following the sale, the director now directly owns 4,515 shares in the company, valued at approximately $3,757,473.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the completion of the sale, the chief executive officer now owns 98,218 shares in the company, valued at $90,640,481.30. The disclosure for this sale can be found here. Insiders have sold a total of 42,449 shares of company stock valued at $34,172,388 in the last ninety days. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of hedge funds have recently made changes to their positions in the stock. Gateway Investment Advisers LLC acquired a new stake in Deckers Outdoor during the 1st quarter worth approximately $483,000. Ballentine Partners LLC acquired a new stake in Deckers Outdoor during the 1st quarter worth approximately $277,000. Contravisory Investment Management Inc. acquired a new stake in Deckers Outdoor during the 1st quarter worth approximately $36,000. Running Oak Capital LLC boosted its position in Deckers Outdoor by 14.8% during the 1st quarter. Running Oak Capital LLC now owns 13,290 shares of the textile maker’s stock worth $12,509,000 after buying an additional 1,710 shares during the period. Finally, Shilanski & Associates Inc. acquired a new stake in Deckers Outdoor during the 1st quarter worth approximately $1,855,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

NYSE DECK opened at $814.37 on Friday. The firm has a 50-day moving average of $887.43 and a 200-day moving average of $726.36. The stock has a market cap of $20.90 billion, a PE ratio of 29.29, a P/E/G ratio of 1.45 and a beta of 1.01. Deckers Outdoor has a 52-week low of $424.36 and a 52-week high of $956.17.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. Deckers Outdoor’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $10.48 EPS. As a group, analysts predict that Deckers Outdoor will post 26.87 EPS for the current fiscal 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.