Deckers Outdoor (NYSE:DECK) Rating Reiterated by Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Deckers Outdoor (NYSE:DECK) in a report published on Friday, Benzinga reports. Telsey Advisory Group currently has a $183.00 price target on the textile maker’s stock.

A number of other research firms also recently weighed in on DECK. Evercore ISI lifted their target price on Deckers Outdoor from $183.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group raised their price target on shares of Deckers Outdoor from $225.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird raised their price target on shares of Deckers Outdoor from $29.17 to $29.86 and gave the stock an “outperform” rating in a research note on Friday, July 26th. BTIG Research raised their price target on shares of Deckers Outdoor from $31.11 to $33.33 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Finally, Wells Fargo & Company cut their price target on shares of Deckers Outdoor from $1,000.00 to $165.00 and set an “equal weight” rating for the company in a research note on Monday, September 23rd. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and an average price target of $114.57.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $161.85 on Friday. The company has a market cap of $4.12 billion, a P/E ratio of 5.53, a P/E/G ratio of 2.85 and a beta of 1.05. The stock’s 50-day moving average is $92.01 and its 200-day moving average is $48.58. Deckers Outdoor has a 52-week low of $80.67 and a 52-week high of $184.48.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The company had revenue of $825.30 million for the quarter, compared to the consensus estimate of $808.40 million. During the same period last year, the business posted $0.07 earnings per share. The firm’s revenue was up 22.1% compared to the same quarter last year. As a group, equities analysts predict that Deckers Outdoor will post 5.22 EPS for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction on Friday, October 4th. The shares were sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the completion of the sale, the chief financial officer now owns 161,838 shares of the company’s stock, valued at approximately $26,973,539.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Steven J. Fasching sold 9,198 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the transaction, the chief financial officer now owns 161,838 shares of the company’s stock, valued at $26,973,539.46. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Powers sold 140,832 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the completion of the transaction, the director now directly owns 2,450,808 shares of the company’s stock, valued at $58,756,760.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors have recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings LLC lifted its position in Deckers Outdoor by 285.2% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 17,853 shares of the textile maker’s stock valued at $16,804,000 after acquiring an additional 13,218 shares in the last quarter. Monument Capital Management lifted its position in Deckers Outdoor by 39.7% in the 1st quarter. Monument Capital Management now owns 3,030 shares of the textile maker’s stock valued at $2,852,000 after acquiring an additional 861 shares in the last quarter. Czech National Bank bought a new stake in Deckers Outdoor in the 1st quarter valued at $4,251,000. BNP Paribas Financial Markets lifted its position in Deckers Outdoor by 46.2% in the 1st quarter. BNP Paribas Financial Markets now owns 30,263 shares of the textile maker’s stock valued at $28,485,000 after acquiring an additional 9,558 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in Deckers Outdoor by 3.9% in the 1st quarter. Nordea Investment Management AB now owns 1,823 shares of the textile maker’s stock valued at $1,728,000 after acquiring an additional 68 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.