Deckers Outdoor (NYSE:DECK) Downgraded to Hold at StockNews.com

Deckers Outdoor (NYSE:DECK) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “hold” rating in a report released on Wednesday.

A number of other research analysts have also recently weighed in on DECK. Barclays dropped their price objective on shares of Deckers Outdoor from $1,090.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $30.56 price objective on shares of Deckers Outdoor in a research report on Friday, July 26th. UBS Group lifted their target price on Deckers Outdoor from $35.14 to $37.50 and gave the company a “buy” rating in a report on Friday, July 26th. Stifel Nicolaus cut their price target on Deckers Outdoor from $887.00 to $147.83 and set a “hold” rating on the stock in a report on Tuesday, September 17th. Finally, TD Cowen lifted their price objective on Deckers Outdoor from $28.86 to $29.31 and gave the company a “buy” rating in a research note on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $54.99.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $157.26 on Wednesday. The firm has a 50 day moving average price of $48.59 and a 200 day moving average price of $33.65. Deckers Outdoor has a fifty-two week low of $80.67 and a fifty-two week high of $184.48. The company has a market capitalization of $4.00 billion, a PE ratio of 5.37, a price-to-earnings-growth ratio of 2.74 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm had revenue of $825.30 million for the quarter, compared to the consensus estimate of $808.40 million. During the same quarter in the previous year, the business earned $0.07 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, equities research analysts forecast that Deckers Outdoor will post 5.2 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director David Powers sold 140,832 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $23.97, for a total value of $3,376,368.96. Following the completion of the transaction, the director now owns 2,450,808 shares in the company, valued at approximately $58,756,760.24. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Deckers Outdoor

Several large investors have recently bought and sold shares of the stock. ClariVest Asset Management LLC increased its position in shares of Deckers Outdoor by 0.4% during the second quarter. ClariVest Asset Management LLC now owns 3,474 shares of the textile maker’s stock worth $3,363,000 after purchasing an additional 14 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in Deckers Outdoor by 1.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 945 shares of the textile maker’s stock valued at $632,000 after buying an additional 15 shares during the last quarter. U S Global Investors Inc. boosted its holdings in shares of Deckers Outdoor by 1.5% in the second quarter. U S Global Investors Inc. now owns 995 shares of the textile maker’s stock valued at $963,000 after acquiring an additional 15 shares during the period. Arkadios Wealth Advisors grew its position in shares of Deckers Outdoor by 1.4% during the second quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker’s stock worth $1,298,000 after acquiring an additional 19 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in shares of Deckers Outdoor by 7.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock valued at $264,000 after acquiring an additional 19 shares during the period. 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.