Deckers Outdoor (NYSE:DECK) Receives “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Deckers Outdoor (NYSE:DECK) in a research note released on Friday morning,Benzinga reports. The firm currently has a $240.00 price objective on the textile maker’s stock.

DECK has been the subject of several other research reports. UBS Group upped their price target on Deckers Outdoor from $150.00 to $158.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Piper Sandler cut their price target on Deckers Outdoor from $210.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Jefferies Financial Group upped their price target on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Barclays cut their price target on Deckers Outdoor from $231.00 to $129.00 and set an “overweight” rating for the company in a research note on Monday, May 12th. Finally, KeyCorp dropped their price objective on Deckers Outdoor from $230.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, April 29th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $162.16.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $127.82 on Friday. Deckers Outdoor has a 12 month low of $93.72 and a 12 month high of $223.98. The business has a 50 day simple moving average of $114.19 and a 200-day simple moving average of $159.53. The stock has a market capitalization of $19.40 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11.

Insider Buying and Selling at Deckers Outdoor

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

Institutional Trading of Deckers Outdoor

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mpwm Advisory Solutions LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at $26,000. Headlands Technologies LLC purchased a new position in Deckers Outdoor during the fourth quarter worth about $29,000. Vega Investment Solutions purchased a new position in Deckers Outdoor during the fourth quarter worth about $29,000. Global Trust Asset Management LLC purchased a new position in Deckers Outdoor during the fourth quarter worth about $31,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after buying an additional 120 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

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.