Deckers Outdoor Corporation (NYSE:DECK) Given Average Recommendation of “Hold” by Brokerages

Shares of Deckers Outdoor Corporation (NYSE:DECK) have been assigned an average rating of “Hold” from the twenty-four brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $117.7368.

A number of brokerages have recently weighed in on DECK. KeyCorp raised shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. TD Cowen reiterated a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 24th. Citigroup restated a “buy” rating and issued a $130.00 price objective (up from $120.00) on shares of Deckers Outdoor in a research note on Thursday, January 15th. Guggenheim started coverage on Deckers Outdoor in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Finally, Wells Fargo & Company cut their price target on shares of Deckers Outdoor from $100.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, October 24th.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $81.45, for a total transaction of $118,917.00. Following the completion of the transaction, the insider directly owned 34,020 shares in the company, valued at approximately $2,770,929. This represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Park Place Capital Corp boosted its holdings in Deckers Outdoor by 14.9% in the 2nd quarter. Park Place Capital Corp now owns 771 shares of the textile maker’s stock worth $81,000 after buying an additional 100 shares during the last quarter. Rakuten Securities Inc. lifted its position in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Deckers Outdoor by 4.3% in the third quarter. Perigon Wealth Management LLC now owns 2,597 shares of the textile maker’s stock worth $263,000 after acquiring an additional 106 shares during the last quarter. American National Bank & Trust increased its position in shares of Deckers Outdoor by 77.4% during the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after purchasing an additional 106 shares in the last quarter. Finally, RB Capital Management LLC increased its position in shares of Deckers Outdoor by 1.0% during the third quarter. RB Capital Management LLC now owns 10,679 shares of the textile maker’s stock worth $1,083,000 after purchasing an additional 110 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 2.6%

Shares of Deckers Outdoor stock opened at $97.51 on Friday. The company has a 50 day moving average price of $99.14 and a 200 day moving average price of $101.37. The firm has a market capitalization of $14.21 billion, a P/E ratio of 14.45, a PEG ratio of 4.52 and a beta of 1.15. Deckers Outdoor has a 52 week low of $78.91 and a 52 week high of $223.98.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.