Deckers Outdoor (NYSE:DECK) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Deckers Outdoor (NYSE:DECK – Get Rating) in a research note issued on Thursday. The firm set a “hold” rating on the textile maker’s stock.

Several other research firms have also recently issued reports on DECK. BTIG Research reiterated a “buy” rating and issued a $515.00 price objective on shares of Deckers Outdoor in a report on Tuesday, February 7th. Cowen lifted their price objective on Deckers Outdoor from $393.00 to $450.00 in a report on Tuesday, November 29th. Wells Fargo & Company boosted their target price on Deckers Outdoor from $360.00 to $425.00 and gave the stock an “equal weight” rating in a report on Friday, February 3rd. Cowen boosted their target price on Deckers Outdoor from $476.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Finally, Piper Sandler boosted their target price on Deckers Outdoor from $440.00 to $470.00 and gave the stock an “overweight” rating in a report on Thursday, January 5th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $447.77.

Deckers Outdoor Stock Down 3.2 %

Shares of Deckers Outdoor stock opened at $406.39 on Thursday. Deckers Outdoor has a twelve month low of $212.93 and a twelve month high of $443.80. The business has a 50-day moving average price of $415.94 and a 200 day moving average price of $376.61. The firm has a market cap of $10.71 billion, a PE ratio of 22.03, a P/E/G ratio of 1.23 and a beta of 0.92.

Deckers Outdoor (NYSE:DECK – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The textile maker reported $10.48 earnings per share for the quarter, beating the consensus estimate of $9.41 by $1.07. Deckers Outdoor had a return on equity of 31.38% and a net margin of 13.83%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business earned $8.42 EPS. Deckers Outdoor’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, sell-side analysts expect that Deckers Outdoor will post 18.46 EPS for the current year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, insider Thomas Garcia sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $395.00, for a total value of $395,000.00. Following the sale, the insider now owns 14,922 shares of the company’s stock, valued at $5,894,190. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Deckers Outdoor news, insider Thomas Garcia sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $395.00, for a total value of $395,000.00. Following the sale, the insider now owns 14,922 shares of the company’s stock, valued at $5,894,190. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lauri M. Shanahan sold 2,529 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $406.56, for a total value of $1,028,190.24. Following the completion of the sale, the director now directly owns 7,843 shares in the company, valued at approximately $3,188,650.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,486 shares of company stock worth $16,242,273. Insiders own 0.80% of the company’s stock.

Institutional Trading of Deckers Outdoor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trust Investment Advisors purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth $565,000. Macquarie Group Ltd. increased its position in shares of Deckers Outdoor by 200.8% during the fourth quarter. Macquarie Group Ltd. now owns 138,946 shares of the textile maker’s stock worth $55,462,000 after acquiring an additional 92,758 shares during the period. Wallace Advisory Group LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth $273,000. Truist Financial Corp increased its position in shares of Deckers Outdoor by 21.9% during the fourth quarter. Truist Financial Corp now owns 2,549 shares of the textile maker’s stock worth $1,017,000 after acquiring an additional 458 shares during the period. Finally, Covenant Partners LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth $489,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Deckers Outdoor Company Profile

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Deckers Outdoor Corp. engages in the business of designing, marketing, and distributing footwear, apparel, and accessories developed for both everyday casual lifestyle use and high performance activities. It operates through the following segments: UGG Brand, HOKA Brand, Teva Brand, Sanuk Brand, Other Brands, and Direct-to-Consumer.