Deckers Outdoor Co. (NYSE:DECK) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Deckers Outdoor Co. (NYSE:DECK) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $577.64.

Several equities research analysts recently commented on DECK shares. Stifel Nicolaus boosted their price objective on shares of Deckers Outdoor from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. BTIG Research increased their price objective on shares of Deckers Outdoor from $613.00 to $640.00 and gave the company a “buy” rating in a report on Friday, July 28th. Piper Sandler boosted their target price on shares of Deckers Outdoor from $535.00 to $595.00 and gave the stock an “overweight” rating in a report on Monday, July 24th. Wells Fargo & Company raised their target price on shares of Deckers Outdoor from $425.00 to $480.00 in a research note on Friday, May 26th. Finally, TD Cowen boosted their price target on shares of Deckers Outdoor from $564.00 to $618.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 15th.

Deckers Outdoor Stock Up 0.7 %

NYSE DECK opened at $527.49 on Friday. The firm has a market cap of $13.78 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 1.32 and a beta of 0.92. The company has a 50-day simple moving average of $542.04 and a two-hundred day simple moving average of $491.29. Deckers Outdoor has a 12-month low of $298.61 and a 12-month high of $568.47.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 27th. The textile maker reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.25. Deckers Outdoor had a return on equity of 30.85% and a net margin of 14.33%. The company had revenue of $675.79 million during the quarter, compared to analysts’ expectations of $666.95 million. During the same period in the prior year, the business posted $1.66 EPS. Deckers Outdoor’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities analysts expect that Deckers Outdoor will post 22.4 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other news, insider Thomas Garcia sold 3,595 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $516.73, for a total transaction of $1,857,644.35. Following the completion of the sale, the insider now directly owns 16,457 shares of the company’s stock, valued at $8,503,825.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds and other institutional investors have recently made changes to their positions in DECK. Teacher Retirement System of Texas increased its position in Deckers Outdoor by 1.6% during the 4th quarter. Teacher Retirement System of Texas now owns 8,670 shares of the textile maker’s stock valued at $3,461,000 after purchasing an additional 137 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in shares of Deckers Outdoor during the first quarter valued at approximately $22,148,000. Dark Forest Capital Management LP purchased a new position in Deckers Outdoor during the fourth quarter valued at approximately $420,000. Citigroup Inc. raised its stake in Deckers Outdoor by 10.7% in the first quarter. Citigroup Inc. now owns 16,348 shares of the textile maker’s stock worth $7,349,000 after buying an additional 1,581 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in Deckers Outdoor by 81.5% during the first quarter. Raymond James & Associates now owns 14,471 shares of the textile maker’s stock worth $6,505,000 after buying an additional 6,496 shares during the period. Institutional investors own 95.69% of the company’s stock.

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.