Deckers Outdoor (NYSE:DECK) Sets New 1-Year High - Still a Buy?

Deckers Outdoor Co. (NYSE:DECK - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The company traded as high as $213.90 and last traded at $213.90, with a volume of 807549 shares traded. The stock had previously closed at $205.28.

Analyst Upgrades and Downgrades

DECK has been the topic of several recent analyst reports. Seaport Res Ptn downgraded shares of Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a report on Monday, October 7th. Truist Financial boosted their target price on Deckers Outdoor from $205.00 to $230.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. TD Cowen upped their target price on Deckers Outdoor from $178.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Stifel Nicolaus lifted their price target on Deckers Outdoor from $147.83 to $181.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Finally, UBS Group upped their price objective on shares of Deckers Outdoor from $226.00 to $232.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor currently has a consensus rating of "Moderate Buy" and an average price target of $158.59.

Deckers Outdoor Stock Up 2.8 %

The firm has a market capitalization of $32.05 billion, a PE ratio of 37.10, a PEG ratio of 2.87 and a beta of 1.08. The firm's fifty day simple moving average is $180.66 and its 200-day simple moving average is $97.10.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $1.14 EPS. Deckers Outdoor's revenue for the quarter was up 20.1% on a year-over-year basis. As a group, analysts predict that Deckers Outdoor Co. will post 5.49 earnings per share for the current year.

Insider Activity

In related news, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor stock in a transaction on 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 transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven J. Fasching sold 9,198 shares of the company's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the sale, the chief financial officer now owns 161,838 shares of the company's stock, valued at approximately $26,973,539.46. The trade was a 5.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,234 shares of company stock valued at $15,248,513 in the last quarter. 0.40% of the stock is currently owned by insiders.

Institutional Trading of Deckers Outdoor

Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in shares of Deckers Outdoor by 512.9% in the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker's stock worth $63,371,000 after buying an additional 332,590 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in Deckers Outdoor by 110.4% in the third quarter. Lord Abbett & CO. LLC now owns 60,894 shares of the textile maker's stock worth $9,710,000 after buying an additional 31,947 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Deckers Outdoor by 506.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker's stock worth $1,060,000 after buying an additional 5,574 shares during the period. Logan Capital Management Inc. increased its position in Deckers Outdoor by 494.1% during the third quarter. Logan Capital Management Inc. now owns 112,519 shares of the textile maker's stock valued at $17,941,000 after acquiring an additional 93,580 shares during the last quarter. Finally, Retirement Systems of Alabama increased its position in Deckers Outdoor by 3,428.6% during the third quarter. Retirement Systems of Alabama now owns 199,753 shares of the textile maker's stock valued at $31,851,000 after acquiring an additional 194,092 shares during the last quarter. Hedge funds and other 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.