Deckers Outdoor Corporation (NYSE:DECK) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Deckers Outdoor Corporation (NYSE:DECK) have been given a consensus recommendation of “Moderate Buy” by the twenty-five research firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $125.20.

A number of equities analysts recently issued reports on the stock. UBS Group reaffirmed a “buy” rating and set a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Sanford C. Bernstein set a $90.00 price objective on shares of Deckers Outdoor in a report on Friday, January 30th. Stifel Nicolaus increased their target price on shares of Deckers Outdoor from $117.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Citigroup reissued a “buy” rating and set a $130.00 target price (up from $120.00) on shares of Deckers Outdoor in a research report on Thursday, January 15th. Finally, Piper Sandler reaffirmed an “underweight” rating and issued a $95.00 price target (up from $85.00) on shares of Deckers Outdoor in a report on Friday, January 30th.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $120.88 on Wednesday. Deckers Outdoor has a 52 week low of $78.91 and a 52 week high of $149.55. The firm has a market capitalization of $17.16 billion, a PE ratio of 17.07, a PEG ratio of 2.70 and a beta of 1.16. The business’s 50-day simple moving average is $107.25 and its 200-day simple moving average is $102.73.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.56. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.00 EPS. Research analysts forecast that Deckers Outdoor will post 5.89 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, insider Anne Spangenberg sold 4,063 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $116.02, for a total value of $471,389.26. Following the sale, the insider owned 80,449 shares of the company’s stock, valued at $9,333,692.98. The trade was a 4.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robin Spring-Green sold 347 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the transaction, the insider directly owned 42,461 shares of the company’s stock, valued at $4,831,212.58. The trade was a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 9,092 shares of company stock worth $1,048,552. 0.40% of the stock is owned by corporate insiders.

Institutional Trading of Deckers Outdoor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Trillium Asset Management LLC boosted its stake in shares of Deckers Outdoor by 28.1% in the 2nd quarter. Trillium Asset Management LLC now owns 188,486 shares of the textile maker’s stock valued at $19,428,000 after purchasing an additional 41,325 shares in the last quarter. Bank of Montreal Can increased its position in shares of Deckers Outdoor by 37.9% during the 2nd quarter. Bank of Montreal Can now owns 188,873 shares of the textile maker’s stock worth $19,467,000 after purchasing an additional 51,914 shares in the last quarter. Pinnacle Investment Management Ltd bought a new position in Deckers Outdoor during the 3rd quarter valued at about $2,027,000. Achmea Investment Management B.V. boosted its position in Deckers Outdoor by 135.3% in the second quarter. Achmea Investment Management B.V. now owns 135,341 shares of the textile maker’s stock valued at $13,950,000 after buying an additional 77,812 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Deckers Outdoor by 171.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 326,353 shares of the textile maker’s stock valued at $33,020,000 after buying an additional 205,975 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

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.