Deckers Outdoor (NYSE:DECK) Reaches New 1-Year Low - Here's What Happened

Deckers Outdoor Co. (NYSE:DECK - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $111.35 and last traded at $111.93, with a volume of 1287075 shares. The stock had previously closed at $116.95.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DECK shares. KeyCorp boosted their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Bank of America increased their price target on Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Jefferies Financial Group increased their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday, January 28th. Stifel Nicolaus boosted their target price on Deckers Outdoor from $181.00 to $185.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company reduced their price target on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $197.41.

Deckers Outdoor Price Performance

The company has a market cap of $16.99 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.68 and a beta of 1.10. The business has a 50-day moving average of $151.49 and a two-hundred day moving average of $170.25.

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Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Equities analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director David Powers sold 25,000 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the sale, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the transaction, the director now owns 10,388 shares of the company's stock, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new position in Deckers Outdoor in the 4th quarter worth approximately $26,000. Headlands Technologies LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter worth $29,000. Vega Investment Solutions purchased a new position in shares of Deckers Outdoor during the fourth quarter worth $29,000. Global Trust Asset Management LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at about $31,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Deckers Outdoor by 250.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock worth $34,000 after buying an additional 120 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

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.