Telsey Advisory Group Reiterates "Outperform" Rating for Deckers Outdoor (NYSE:DECK)

Deckers Outdoor (NYSE:DECK - Get Free Report)'s stock had its "outperform" rating restated by investment analysts at Telsey Advisory Group in a report issued on Friday, Benzinga reports. They currently have a $183.00 price target on the textile maker's stock. Telsey Advisory Group's price objective suggests a potential upside of 13.07% from the company's previous close.

Other analysts also recently issued reports about the company. Barclays cut their target price 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. Truist Financial lifted their price objective on Deckers Outdoor from $204.17 to $205.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Evercore ISI upped their target price on shares of Deckers Outdoor from $183.00 to $185.00 and gave the company an "outperform" rating in a research note on Wednesday. Stifel Nicolaus reduced their price target on shares of Deckers Outdoor from $887.00 to $147.83 and set a "hold" rating for the company in a research note on Tuesday, September 17th. Finally, Piper Sandler restated a "neutral" rating and set a $27.78 price objective on shares of Deckers Outdoor in a research report on Friday, August 23rd. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Deckers Outdoor presently has an average rating of "Moderate Buy" and a consensus target price of $114.57.

Deckers Outdoor Stock Up 1.0 %

Shares of DECK stock traded up $1.54 during mid-day trading on Friday, reaching $161.85. 1,789,878 shares of the company's stock traded hands, compared to its average volume of 2,235,754. The company's 50-day moving average price is $92.01 and its 200-day moving average price is $48.58. The company has a market cap of $4.12 billion, a P/E ratio of 5.53, a P/E/G ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a 12 month low of $80.67 and a 12 month high of $184.48.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $825.30 million for the quarter, compared to the consensus estimate of $808.40 million. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm's quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 EPS. Equities analysts predict that Deckers Outdoor will post 5.22 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In related news, Director David Powers sold 140,832 shares of the firm's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $23.97, for a total value of $3,376,368.96. Following the completion of the transaction, the director now directly owns 2,450,808 shares of the company's stock, valued at approximately $58,756,760.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director David Powers sold 140,832 shares of Deckers Outdoor stock in a transaction dated 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 completion of the transaction, the director now owns 2,450,808 shares in the company, valued at approximately $58,756,760.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven J. Fasching sold 9,198 shares of the business's stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $166.67, for a total value of $1,533,030.66. Following the sale, the chief financial officer now directly owns 161,838 shares in the company, valued at $26,973,539.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Institutional Trading of Deckers Outdoor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Deckers Outdoor by 460.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker's stock worth $27,000 after purchasing an additional 23 shares during the last quarter. Crewe Advisors LLC bought a new stake in Deckers Outdoor during the 2nd quarter valued at about $34,000. Contravisory Investment Management Inc. bought a new stake in Deckers Outdoor during the 1st quarter valued at about $36,000. EntryPoint Capital LLC grew its stake in Deckers Outdoor by 256.3% in the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker's stock worth $54,000 after acquiring an additional 41 shares in the last quarter. Finally, Rise Advisors LLC grew its stake in Deckers Outdoor by 500.0% in the 3rd quarter. Rise Advisors LLC now owns 390 shares of the textile maker's stock worth $62,000 after acquiring an additional 325 shares in the last quarter. 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.