Deckers Outdoor (NYSE:DECK) Reaches New 52-Week Low - What's Next?

Deckers Outdoor Co. (NYSE:DECK - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $96.80 and last traded at $100.95, with a volume of 8698257 shares changing hands. The stock had previously closed at $117.98.

Wall Street Analyst Weigh In

Several research firms recently commented on DECK. Wells Fargo & Company dropped their price target on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Needham & Company LLC reiterated a "buy" rating and issued a $246.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Truist Financial decreased their price target on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, KeyCorp lifted their price target on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $197.41.

Deckers Outdoor Trading Up 13.6 %

The stock's 50 day moving average price is $132.82 and its two-hundred day moving average price is $168.07. The firm has a market capitalization of $17.57 billion, a PE ratio of 18.77, a PEG ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David Powers sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the sale, the director now owns 241,777 shares of the company's stock, valued at $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Institutional Trading of Deckers Outdoor

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mpwm Advisory Solutions LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at $29,000. Vega Investment Solutions acquired a new stake in shares of Deckers Outdoor in the fourth quarter worth $29,000. Global Trust Asset Management LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at $31,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after buying an additional 120 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.