Deckers Outdoor Corporation (NYSE:DECK) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Shares have a consensus rating of Moderate Buy from 25 analysts (3 sell, 9 hold, 10 buy, 3 strong buy) with an average 12‑month target price of $125.20.
• Deckers beat expectations on Jan. 29 with EPS $3.33 vs. $2.77 estimate and revenue $1.96B vs. $1.87B, reporting 7.1% revenue growth, a 19.46% net margin and a 41.6% ROE.
• Insiders have sold about 9,092 shares (~$1.05M) in the last 90 days; corporate insiders own 0.40% of the stock while institutional investors hold 97.79%.

Shares of Deckers Outdoor Corporation (NYSE:DECK - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twenty-five research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, ten have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $125.20.

A number of analysts recently issued reports on DECK shares. Argus raised shares of Deckers Outdoor from a "hold" rating to a "buy" rating in a research report on Friday, February 20th. Zacks Research raised shares of Deckers Outdoor from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 2nd. Evercore set a $108.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 30th. Truist Financial set a $132.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, Jefferies Financial Group increased their price objective on shares of Deckers Outdoor from $102.00 to $105.00 and gave the company a "hold" rating in a research report on Tuesday, January 27th.

Deckers Outdoor Stock Performance

DECK opened at $106.43 on Thursday. The firm has a 50 day moving average price of $108.27 and a 200 day moving average price of $100.72. The company has a market cap of $15.11 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 2.11 and a beta of 1.21. Deckers Outdoor has a 1 year low of $78.91 and a 1 year high of $133.43.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 19.46% and a return on equity of 41.60%. The company's revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.00 EPS. On average, sell-side analysts predict that Deckers Outdoor will post 5.89 earnings per share for the current year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Robin Spring-Green sold 347 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $113.78, for a total value of $39,481.66. Following the completion of the sale, the insider owned 42,461 shares of the company's stock, valued at $4,831,212.58. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $114.84, for a total transaction of $537,680.88. Following the completion of the sale, the director directly owned 25,026 shares of the company's stock, valued at $2,873,985.84. This trade represents a 15.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,092 shares of company stock valued at $1,048,552 over the last 90 days. 0.40% of the stock is owned by corporate insiders.

Institutional Trading of Deckers Outdoor

Several large investors have recently bought and sold shares of DECK. American National Bank & Trust grew its position in Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker's stock valued at $25,000 after acquiring an additional 106 shares in the last quarter. True Wealth Design LLC grew its position in 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 acquiring an additional 244 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Deckers Outdoor by 330.8% during the 2nd 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 last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Deckers Outdoor during the 3rd quarter valued at approximately $30,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds 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.

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