Deckers Outdoor (NYSE:DECK) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Deckers Outdoor (NYSE:DECK - Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday.

A number of other analysts have also issued reports on DECK. Robert W. Baird boosted their price target on shares of Deckers Outdoor from $29.17 to $29.86 and gave the stock an outperform rating in a research note on Friday, July 26th. Evercore ISI dropped their price objective on shares of Deckers Outdoor from $30.83 to $30.56 and set an outperform rating for the company in a report on Monday, July 15th. TD Cowen increased their target price on shares of Deckers Outdoor from $28.86 to $29.31 and gave the stock a buy rating in a report on Friday, July 26th. Wedbush restated an outperform rating and issued a $28.61 price target on shares of Deckers Outdoor in a research note on Friday, July 26th. Finally, Telsey Advisory Group reaffirmed an outperform rating and set a $30.56 price objective on shares of Deckers Outdoor in a research report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $54.99.

Deckers Outdoor Price Performance

Shares of DECK stock traded up $0.10 during trading hours on Wednesday, hitting $154.50. The company had a trading volume of 1,331,951 shares, compared to its average volume of 2,286,699. The stock has a market capitalization of $23.56 billion, a PE ratio of 5.27, a price-to-earnings-growth ratio of 2.74 and a beta of 1.05. The company's fifty day moving average is $43.34 and its 200 day moving average is $31.92. Deckers Outdoor has a fifty-two week low of $80.67 and a fifty-two week high of $184.48.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.03. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The company had revenue of $825.30 million for the quarter, compared to analysts' expectations of $808.40 million. During the same period in the prior year, the firm earned $0.07 earnings per share. The firm's revenue was up 22.1% compared to the same quarter last year. Equities analysts forecast that Deckers Outdoor will post 5.2 earnings per share for the current year.

Insider Activity

In related news, Director David Powers sold 140,832 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the completion of the sale, the director now owns 2,450,808 shares in the company, valued at $58,756,760.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.70% of the company's stock.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. ClariVest Asset Management LLC lifted its holdings in shares of Deckers Outdoor by 0.4% in the 2nd quarter. ClariVest Asset Management LLC now owns 3,474 shares of the textile maker's stock valued at $3,363,000 after purchasing an additional 14 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Deckers Outdoor by 1.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 945 shares of the textile maker's stock valued at $632,000 after buying an additional 15 shares during the last quarter. U S Global Investors Inc. boosted its holdings in shares of Deckers Outdoor by 1.5% in the second quarter. U S Global Investors Inc. now owns 995 shares of the textile maker's stock valued at $963,000 after acquiring an additional 15 shares during the period. Arkadios Wealth Advisors grew its position in shares of Deckers Outdoor by 1.4% during the second quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker's stock worth $1,298,000 after acquiring an additional 19 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in shares of Deckers Outdoor by 7.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker's stock valued at $264,000 after acquiring an additional 19 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.