Deckers Outdoor Co. (NYSE:DECK) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Deckers Outdoor Co. (NYSE:DECK - Get Free Report) have earned an average recommendation of "Moderate Buy" from the sixteen brokerages that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $54.99.

Several equities research analysts have weighed in on the company. Wells Fargo & Company reduced their price objective on Deckers Outdoor from $1,000.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Monday, September 23rd. Barclays reduced their price objective on Deckers Outdoor from $1,090.00 to $180.00 and set an "overweight" rating on the stock in a research note on Friday, September 20th. StockNews.com cut Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 25th. Wedbush reissued an "outperform" rating and set a $28.61 price objective on shares of Deckers Outdoor in a research note on Friday, July 26th. Finally, Robert W. Baird boosted their price objective on Deckers Outdoor from $29.17 to $29.86 and gave the stock an "outperform" rating in a research note on Friday, July 26th.

Insider Activity

In related news, Director David Powers sold 140,832 shares of the company's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $23.97, for a total value of $3,376,368.96. Following the transaction, the director now directly owns 2,450,808 shares of the company's stock, valued at $58,756,760.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.70% of the company's stock.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB grew its position in shares of Deckers Outdoor by 698.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 40,264 shares of the textile maker's stock valued at $6,420,000 after acquiring an additional 35,220 shares during the period. ZRC Wealth Management LLC grew its position in shares of Deckers Outdoor by 500.0% during the 3rd quarter. ZRC Wealth Management LLC now owns 474 shares of the textile maker's stock valued at $76,000 after acquiring an additional 395 shares during the period. HBW Advisory Services LLC grew its position in shares of Deckers Outdoor by 498.4% during the 3rd quarter. HBW Advisory Services LLC now owns 2,250 shares of the textile maker's stock valued at $359,000 after acquiring an additional 1,874 shares during the period. Apella Capital LLC grew its position in shares of Deckers Outdoor by 532.7% during the 3rd quarter. Apella Capital LLC now owns 2,727 shares of the textile maker's stock valued at $430,000 after acquiring an additional 2,296 shares during the period. Finally, Park Avenue Securities LLC grew its position in shares of Deckers Outdoor by 447.4% during the 3rd quarter. Park Avenue Securities LLC now owns 14,633 shares of the textile maker's stock valued at $2,333,000 after acquiring an additional 11,960 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock traded up $10.02 during trading hours on Friday, hitting $166.81. The company's stock had a trading volume of 2,328,481 shares, compared to its average volume of 2,264,808. The business has a 50 day moving average price of $64.80 and a two-hundred day moving average price of $39.42. Deckers Outdoor has a 12-month low of $80.67 and a 12-month high of $184.48. The company has a market cap of $4.24 billion, a PE ratio of 5.70, a PEG ratio of 2.74 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm had revenue of $825.30 million for the quarter, compared to analysts' expectations of $808.40 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The business's revenue was up 22.1% compared to the same quarter last year. As a group, research analysts anticipate that Deckers Outdoor will post 5.2 earnings per share for the current 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.