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

Shares of Deckers Outdoor Co. (NYSE:DECK) have received an average rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $1,040.13.

DECK has been the subject of several analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price target on shares of Deckers Outdoor in a research report on Friday. Wedbush reissued an “outperform” rating and set a $1,030.00 price target on shares of Deckers Outdoor in a research report on Friday. Citigroup increased their price target on shares of Deckers Outdoor from $835.00 to $920.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. Bank of America increased their price target on shares of Deckers Outdoor from $860.00 to $1,020.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Finally, BTIG Research increased their price objective on shares of Deckers Outdoor from $1,120.00 to $1,200.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $894.70 on Tuesday. Deckers Outdoor has a 1 year low of $484.02 and a 1 year high of $1,106.89. The firm’s 50-day moving average is $970.62 and its two-hundred day moving average is $891.38. The stock has a market cap of $22.73 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 2.79 and a beta of 1.06.

Shares of Deckers Outdoor are going to split on the morning of Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly minted shares will be distributed to shareholders after the closing bell on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported $4.52 EPS for the quarter, beating the consensus estimate of $3.59 by $0.93. The business had revenue of $825.30 million during the quarter, compared to analyst estimates of $808.40 million. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.89%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.41 earnings per share. On average, equities analysts expect that Deckers Outdoor will post 30.81 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In other news, insider Angela Ogbechie sold 153 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $1,077.93, for a total transaction of $164,923.29. Following the sale, the insider now owns 3,779 shares of the company’s stock, valued at approximately $4,073,497.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Caroti Stefano sold 5,000 shares of Deckers Outdoor stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,079.74, for a total value of $5,398,700.00. Following the sale, the insider now owns 39,926 shares of the company’s stock, valued at approximately $43,109,699.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela Ogbechie sold 153 shares of Deckers Outdoor stock in a transaction on Friday, May 31st. The shares were sold at an average price of $1,077.93, for a total transaction of $164,923.29. Following the completion of the sale, the insider now directly owns 3,779 shares in the company, valued at approximately $4,073,497.47. The disclosure for this sale can be found here. Insiders have sold 22,108 shares of company stock valued at $23,919,671 in the last 90 days. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Deckers Outdoor by 18.9% in the 1st quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock valued at $2,751,448,000 after acquiring an additional 464,020 shares during the period. TD Asset Management Inc grew its stake in Deckers Outdoor by 191.1% in the 4th quarter. TD Asset Management Inc now owns 305,949 shares of the textile maker’s stock valued at $204,505,000 after acquiring an additional 200,850 shares during the period. Norges Bank purchased a new position in Deckers Outdoor in the 4th quarter valued at $196,814,000. Epoch Investment Partners Inc. lifted its holdings in Deckers Outdoor by 90.4% in the 4th quarter. Epoch Investment Partners Inc. now owns 216,709 shares of the textile maker’s stock valued at $144,855,000 after purchasing an additional 102,882 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Deckers Outdoor by 32.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 183,739 shares of the textile maker’s stock valued at $122,817,000 after purchasing an additional 44,942 shares in the last quarter. Institutional investors and hedge funds 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.