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

Deckers Outdoor Co. (NYSE:DECK - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty research firms that are currently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $162.16.

A number of research analysts have weighed in on DECK shares. Guggenheim restated a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Barclays decreased their price target on shares of Deckers Outdoor from $231.00 to $129.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Bank of America upped their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. UBS Group raised their target price on shares of Deckers Outdoor from $150.00 to $158.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Finally, Truist Financial lowered their target price on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, January 31st.

Deckers Outdoor Price Performance

NYSE DECK opened at $127.82 on Monday. The stock's 50 day simple moving average is $114.19 and its 200-day simple moving average is $159.45. The company has a market cap 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. Deckers Outdoor has a 1-year low of $93.72 and a 1-year high of $223.98.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the sale, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Powers sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the transaction, the director now directly owns 241,777 shares of the company's stock, valued at $33,568,318.68. This represents a 9.37% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Deckers Outdoor

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mpwm Advisory Solutions LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth approximately $26,000. Headlands Technologies LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter worth about $29,000. Vega Investment Solutions purchased a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $31,000. Finally, Whittier Trust Co. of Nevada Inc. increased 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. Hedge funds and other institutional investors own 97.79% of the company's stock.

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.

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