Deckers Outdoor Co. (NYSE:DECK) Receives $187.89 Average PT from Analysts

Shares of Deckers Outdoor Co. (NYSE:DECK) have been assigned a consensus rating of “Moderate Buy” from the twenty ratings firms that are covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $184.27.

A number of equities research analysts recently issued reports on DECK shares. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Evercore ISI upped their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Jefferies Financial Group upped their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. UBS Group increased their target price on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $246.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $109.19 on Thursday. Deckers Outdoor has a 52-week low of $93.72 and a 52-week high of $223.98. The firm has a market capitalization of $16.57 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 1.68 and a beta of 1.07. The company has a fifty day simple moving average of $118.56 and a 200-day simple moving average of $163.43.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. On average, research analysts anticipate that Deckers Outdoor will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Powers sold 25,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new position in Deckers Outdoor during the fourth quarter worth about $26,000. Headlands Technologies LLC acquired a new position in Deckers Outdoor during the fourth quarter worth about $29,000. Vega Investment Solutions acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position 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 valued at $34,000 after purchasing an additional 120 shares during 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.