Deckers Outdoor (NYSE:DECK) Shares Gap Down After Analyst Downgrade

Deckers Outdoor Co. (NYSE:DECK - Get Free Report)'s stock price gapped down before the market opened on Friday after Truist Financial lowered their price target on the stock from $235.00 to $225.00. The stock had previously closed at $223.11, but opened at $196.10. Truist Financial currently has a buy rating on the stock. Deckers Outdoor shares last traded at $188.97, with a volume of 2,316,301 shares.

DECK has been the topic of a number of other research reports. BTIG Research lowered Deckers Outdoor from a "buy" rating to a "neutral" rating in a report on Tuesday, October 22nd. Barclays raised their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday. Wells Fargo & Company dropped their price objective on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a research note on Friday. Bank of America lifted their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird raised their price target on Deckers Outdoor from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $197.41.

Insider Activity

In related news, insider Thomas Garcia sold 18,000 shares of the business's stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the transaction, the director now owns 10,222 shares of the company's stock, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,758 shares of company stock valued at $13,506,861. Corporate insiders own 0.40% of the company's stock.

Institutional Trading of Deckers Outdoor

Several institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC raised its holdings in shares of Deckers Outdoor by 507.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 593,020 shares of the textile maker's stock valued at $120,436,000 after purchasing an additional 495,364 shares in the last quarter. Todd Asset Management LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter worth $31,154,000. Coyle Financial Counsel LLC lifted its holdings in Deckers Outdoor by 500.2% in the fourth quarter. Coyle Financial Counsel LLC now owns 4,862 shares of the textile maker's stock valued at $987,000 after acquiring an additional 4,052 shares during the period. BankPlus Trust Department acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $82,000. Finally, Crestwood Advisors Group LLC increased its holdings in Deckers Outdoor by 4.6% in the 4th quarter. Crestwood Advisors Group LLC now owns 3,097 shares of the textile maker's stock worth $629,000 after acquiring an additional 137 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Price Performance

The business has a fifty day simple moving average of $205.90 and a 200 day simple moving average of $137.68. The firm has a market cap of $25.76 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 1.85 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) 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%. On average, research analysts anticipate that Deckers Outdoor Co. will post 5.92 earnings per share for the current fiscal year.

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.