Deckers Outdoor’s (DECK) Outperform Rating Reaffirmed at Telsey Advisory Group

Deckers Outdoor (NYSE:DECK)‘s stock had its “outperform” rating reiterated by analysts at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They presently have a $240.00 price target on the textile maker’s stock. Telsey Advisory Group’s target price points to a potential upside of 11.61% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Bank of America boosted their price objective on Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. KeyCorp upped their price objective on Deckers Outdoor from $190.00 to $213.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Wells Fargo & Company lifted their target price on Deckers Outdoor from $170.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. BTIG Research downgraded shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Barclays lifted their price objective on shares of Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus target price of $179.14.

Deckers Outdoor Trading Up 0.4 %

Shares of NYSE DECK opened at $215.04 on Thursday. Deckers Outdoor has a 12 month low of $123.33 and a 12 month high of $218.39. The stock has a 50 day moving average of $201.33 and a 200-day moving average of $127.75. The company has a market capitalization of $32.67 billion, a P/E ratio of 37.81, a P/E/G ratio of 2.96 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. The company’s revenue was up 20.1% on a year-over-year basis. Analysts predict that Deckers Outdoor will post 5.56 EPS for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other news, insider Thomas Garcia sold 18,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now directly owns 63,642 shares in the company, valued at approximately $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the sale, the insider now owns 29,628 shares in the company, valued at approximately $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,036 shares of company stock worth $13,715,482 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Several large investors have recently modified their holdings of DECK. FMR LLC grew its stake in shares of Deckers Outdoor by 499.2% in the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock worth $3,646,539,000 after purchasing an additional 19,053,113 shares during the last quarter. State Street Corp lifted its holdings in Deckers Outdoor by 513.8% during the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after buying an additional 5,511,513 shares during the period. Geode Capital Management LLC grew its position in shares of Deckers Outdoor by 509.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after buying an additional 3,393,420 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after acquiring an additional 1,170,855 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Deckers Outdoor by 529.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock worth $203,674,000 after acquiring an additional 1,074,263 shares during the period. Institutional investors own 97.79% 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.