Zacks Research Downgrades Deckers Outdoor (NYSE:DECK) to Hold

Deckers Outdoor (NYSE:DECK) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Sanford C. Bernstein set a $90.00 price target on shares of Deckers Outdoor in a report on Friday, January 30th. Barclays restated an “overweight” rating and issued a $143.00 target price (up from $113.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Stifel Nicolaus boosted their target price on shares of Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Citigroup reiterated a “buy” rating and set a $130.00 price target (up from $120.00) on shares of Deckers Outdoor in a report on Thursday, January 15th. Finally, Piper Sandler reiterated an “underweight” rating and issued a $95.00 price target (up from $85.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor has an average rating of “Hold” and a consensus price target of $125.45.

Deckers Outdoor Stock Down 2.3%

NYSE:DECK opened at $107.65 on Tuesday. The stock’s 50-day simple moving average is $107.47 and its 200 day simple moving average is $100.94. The firm has a market capitalization of $15.28 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 2.36 and a beta of 1.21. Deckers Outdoor has a twelve month low of $78.91 and a twelve month high of $133.43.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, topping the consensus estimate of $2.77 by $0.56. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.00 earnings per share. On average, analysts anticipate that Deckers Outdoor will post 6.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Anne Spangenberg sold 4,063 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $116.02, for a total transaction of $471,389.26. Following the sale, the insider directly owned 80,449 shares in the company, valued at $9,333,692.98. This trade represents a 4.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robin Spring-Green sold 347 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the sale, the insider directly owned 42,461 shares in the company, valued at $4,831,212.58. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,092 shares of company stock worth $1,048,552 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. American National Bank & Trust lifted its holdings in Deckers Outdoor by 77.4% during the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after buying an additional 106 shares during the period. True Wealth Design LLC increased its stake in shares of Deckers Outdoor by 2,440.0% in the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after buying an additional 244 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after buying an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Deckers Outdoor during the third quarter worth about $30,000. Finally, Elyxium Wealth LLC bought a new position in shares of Deckers Outdoor during the fourth quarter worth about $30,000. 97.79% of the stock is owned by institutional investors.

About Deckers Outdoor

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.