Deckers Outdoor Co. (NYSE:DECK) Receives $153.53 Consensus PT from Analysts

Shares of Deckers Outdoor Co. (NYSE:DECK) have earned an average recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $153.53.

DECK has been the subject of a number of analyst reports. Barclays increased their price target on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Stifel Nicolaus boosted their price objective on Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Needham & Company LLC assumed coverage on Deckers Outdoor in a research note on Friday, November 22nd. They set a “buy” rating and a $218.00 target price on the stock. BTIG Research cut Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Robert W. Baird boosted their price target on Deckers Outdoor from $180.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, October 25th.

Insider Activity at Deckers Outdoor

In other news, Director David Powers sold 140,832 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 2,450,808 shares in the company, valued at $58,756,760.24. This trade represents a 5.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the sale, the insider now owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 210,492 shares of company stock valued at $15,590,797. 0.40% of the stock is owned by corporate insiders.

Institutional Trading of Deckers Outdoor

Institutional investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC boosted its position in Deckers Outdoor by 256.3% in the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after buying an additional 41 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Deckers Outdoor by 117.6% during the 1st quarter. Advisors Asset Management Inc. now owns 1,499 shares of the textile maker’s stock worth $1,411,000 after purchasing an additional 810 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Deckers Outdoor by 4.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 99,004 shares of the textile maker’s stock valued at $93,189,000 after acquiring an additional 3,931 shares during the last quarter. SVB Wealth LLC purchased a new stake in Deckers Outdoor in the first quarter valued at $228,000. Finally, Caxton Associates LP purchased a new stake in Deckers Outdoor in the first quarter valued at $553,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 1.3 %

Deckers Outdoor stock opened at $191.81 on Monday. The business has a 50-day simple moving average of $165.44 and a 200 day simple moving average of $77.09. Deckers Outdoor has a 52 week low of $108.12 and a 52 week high of $198.08. The stock has a market cap of $29.14 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 2.76 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the company posted $1.14 EPS. Deckers Outdoor’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, research analysts anticipate that Deckers Outdoor will post 5.48 earnings per share for the current 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.