Deckers Outdoor Co. (NYSE:DECK) Given Average Recommendation of "Moderate Buy" by Brokerages

Nov 12, 2023

Shares of Deckers Outdoor Co. (NYSE:DECK - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirteen analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $574.57.

A number of analysts have recently commented on DECK shares. Citigroup boosted their price target on Deckers Outdoor from $515.00 to $665.00 and gave the company a "buy" rating in a report on Friday, July 21st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $615.00 target price on shares of Deckers Outdoor in a research report on Friday, July 28th. Wedbush lifted their target price on Deckers Outdoor from $505.00 to $614.00 in a research report on Wednesday, July 26th. Wells Fargo & Company lifted their target price on Deckers Outdoor from $425.00 to $480.00 in a research report on Friday, May 26th. Finally, TD Cowen lifted their target price on Deckers Outdoor from $560.00 to $575.00 and gave the company an "outperform" rating in a research report on Tuesday, July 25th.

Check Out Our Latest Stock Report on Deckers Outdoor

In other news, insider Angela Ogbechie sold 374 shares of the company's stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $474.44, for a total value of $177,440.56. Following the transaction, the insider now owns 2,799 shares of the company's stock, valued at $1,327,957.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Angela Ogbechie sold 374 shares of the company's stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $474.44, for a total value of $177,440.56. Following the transaction, the insider now owns 2,799 shares of the company's stock, valued at $1,327,957.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Caroti Stefano sold 7,408 shares of the company's stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $490.00, for a total value of $3,629,920.00. Following the completion of the transaction, the insider now directly owns 45,142 shares in the company, valued at approximately $22,119,580. The disclosure for this sale can be found here. Insiders have sold a total of 17,182 shares of company stock valued at $8,344,429 over the last 90 days. 0.70% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in DECK. Steward Financial Group LLC bought a new stake in shares of Deckers Outdoor in the second quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV lifted its stake in Deckers Outdoor by 100.0% during the first quarter. Massmutual Trust Co. FSB ADV now owns 72 shares of the textile maker's stock worth $32,000 after purchasing an additional 36 shares during the last quarter. WealthPlan Investment Management LLC lifted its stake in Deckers Outdoor by 260.0% during the second quarter. WealthPlan Investment Management LLC now owns 180 shares of the textile maker's stock worth $32,000 after purchasing an additional 130 shares during the last quarter. Tobam bought a new stake in Deckers Outdoor during the fourth quarter worth $36,000. Finally, Janiczek Wealth Management LLC lifted its stake in Deckers Outdoor by 64.3% during the second quarter. Janiczek Wealth Management LLC now owns 69 shares of the textile maker's stock worth $36,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 99.46% of the company's stock.

Shares of Deckers Outdoor stock opened at $565.34 on Tuesday. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 1.39 and a beta of 0.92. The stock's 50-day moving average is $520.72 and its 200-day moving average is $470.62. Deckers Outdoor has a one year low of $298.61 and a one year high of $568.24.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, July 27th. The textile maker reported $2.41 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.25. The company had revenue of $675.79 million for the quarter, compared to analyst estimates of $666.95 million. Deckers Outdoor had a return on equity of 30.85% and a net margin of 14.33%. The company's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.66 earnings per share. On average, equities analysts expect that Deckers Outdoor will post 22.36 EPS for the current year.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

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