Deckers Outdoor Co. (NYSE:DECK) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Deckers Outdoor Co. (NYSE:DECK - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-four research firms that are presently covering the stock, MarketBeat.com reports. Thirteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $134.68.

DECK has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Barclays restated an "overweight" rating and set a $128.00 target price (down from $129.00) on shares of Deckers Outdoor in a research report on Thursday, May 22nd. Bank of America lowered their price target on Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Piper Sandler dropped their price target on Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, TD Securities boosted their price objective on Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th.

Insider Activity

In other news, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $103.89, for a total transaction of $648,689.16. Following the completion of the sale, the insider now directly owns 19,980 shares in the company, valued at approximately $2,075,722.20. This represents a 23.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Cindy L. Davis purchased 1,825 shares of the stock in a transaction on Friday, June 6th. The shares were acquired at an average cost of $109.76 per share, with a total value of $200,312.00. Following the transaction, the director now directly owns 13,340 shares in the company, valued at $1,464,198.40. The trade was a 15.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.40% of the company's stock.

Institutional Trading of Deckers Outdoor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth about $247,000. Stratos Wealth Partners LTD. bought a new position in Deckers Outdoor in the fourth quarter worth about $276,000. Apollon Wealth Management LLC bought a new position in Deckers Outdoor in the fourth quarter worth about $434,000. Kestra Private Wealth Services LLC lifted its holdings in Deckers Outdoor by 34.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 6,147 shares of the textile maker's stock worth $1,248,000 after buying an additional 1,587 shares during the period. Finally, Savant Capital LLC boosted its position in Deckers Outdoor by 1.8% during the 4th quarter. Savant Capital LLC now owns 7,798 shares of the textile maker's stock valued at $1,584,000 after acquiring an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Price Performance

Shares of DECK traded down $6.32 during midday trading on Friday, hitting $101.38. 3,316,054 shares of the company traded hands, compared to its average volume of 2,599,551. Deckers Outdoor has a one year low of $93.72 and a one year high of $223.98. The firm has a market cap of $15.15 billion, a P/E ratio of 16.44, a PEG ratio of 1.68 and a beta of 1.02. The stock has a 50-day moving average of $112.43 and a 200-day moving average of $151.21.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The textile maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.57 by $0.43. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Deckers Outdoor's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.82 earnings per share. Sell-side analysts forecast that Deckers Outdoor will post 5.89 EPS for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 22nd that authorizes the company to repurchase $2.25 billion in shares. This repurchase authorization authorizes the textile maker to reacquire up to 11.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Deckers Outdoor Company Profile

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.