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

Shares of Deckers Outdoor Co. (NYSE:DECK) have been assigned a consensus rating of “Moderate Buy” from the nineteen brokerages that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $158.59.

DECK has been the topic of a number of research analyst reports. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a report on Thursday, October 17th. TD Cowen raised their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Needham & Company LLC boosted their target price on Deckers Outdoor from $218.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. UBS Group increased their price target on Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Telsey Advisory Group lifted their price objective on shares of Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th.

Deckers Outdoor Stock Performance

DECK opened at $208.01 on Friday. The business’s 50-day simple moving average is $182.59 and its 200 day simple moving average is $100.58. The firm has a market capitalization of $31.60 billion, a PE ratio of 36.58, a PEG ratio of 2.87 and a beta of 1.08. Deckers Outdoor has a 52-week low of $108.65 and a 52-week high of $214.70.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating the consensus estimate of $1.24 by $0.35. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 EPS. On average, research analysts forecast that Deckers Outdoor will post 5.49 earnings per share for the current year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CEO Caroti Stefano sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total value of $2,635,950.00. Following the transaction, the chief executive officer now directly owns 273,540 shares of the company’s stock, valued at $48,069,184.20. This trade represents a 5.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven J. Fasching sold 9,198 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the sale, the chief financial officer now directly owns 161,838 shares of the company’s stock, valued at approximately $26,973,539.46. This trade represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,234 shares of company stock valued at $15,248,513 in the last three months. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Several hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC grew its position in Deckers Outdoor by 499.2% in the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after acquiring an additional 19,053,113 shares during the last quarter. State Street Corp grew its holdings in shares of Deckers Outdoor by 513.8% during the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after purchasing an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC increased its position in Deckers Outdoor by 509.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after purchasing an additional 3,393,420 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Deckers Outdoor by 529.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock valued at $203,674,000 after purchasing an additional 1,074,263 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in Deckers Outdoor by 904.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,011,073 shares of the textile maker’s stock valued at $161,216,000 after buying an additional 910,430 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Company Profile

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.