Deckers Outdoor Corporation (NYSE:DECK) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Deckers Outdoor Corporation (NYSE:DECK - Get Free Report) have been assigned a consensus recommendation of "Hold" from the twenty-five ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $137.66.

A number of analysts recently issued reports on DECK shares. TD Securities lifted their price target on shares of Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Evercore ISI reaffirmed an "in-line" rating and issued a $110.00 price objective (down previously from $235.00) on shares of Deckers Outdoor in a report on Friday, May 23rd. Piper Sandler decreased their price objective on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Robert W. Baird decreased their price objective on shares of Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Finally, UBS Group set a $169.00 price objective on shares of Deckers Outdoor and gave the stock a "buy" rating in a report on Friday, May 23rd.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Cindy L. Davis bought 1,825 shares of the firm's stock in a transaction on Friday, June 6th. The stock was bought at an average cost of $109.76 per share, for a total transaction of $200,312.00. Following the completion of the acquisition, the director directly owned 13,340 shares in the company, valued at $1,464,198.40. This represents a 15.85% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $109.08, for a total transaction of $32,724.00. Following the completion of the transaction, the director owned 10,681 shares of the company's stock, valued at approximately $1,165,083.48. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Deckers Outdoor by 0.6% in the first quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker's stock worth $1,984,339,000 after buying an additional 107,635 shares during the period. Geode Capital Management LLC increased its holdings in shares of Deckers Outdoor by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock valued at $831,723,000 after purchasing an additional 45,035 shares during the period. Norges Bank acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at about $392,583,000. Northern Trust Corp lifted its holdings in shares of Deckers Outdoor by 6.2% during the 1st quarter. Northern Trust Corp now owns 1,680,558 shares of the textile maker's stock valued at $187,903,000 after buying an additional 98,856 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Deckers Outdoor by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,520,461 shares of the textile maker's stock worth $170,003,000 after buying an additional 97,312 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Up 0.7%

Shares of DECK traded up $0.70 during mid-day trading on Tuesday, reaching $105.61. 1,120,934 shares of the stock traded hands, compared to its average volume of 2,649,481. The firm has a market cap of $15.78 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 6.40 and a beta of 0.99. The stock has a fifty day simple moving average of $110.74 and a 200 day simple moving average of $138.26. Deckers Outdoor has a 12-month low of $93.72 and a 12-month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.43. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Deckers Outdoor had a net margin of 19.49% and a return on equity of 41.17%. The business's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 earnings per share. On average, equities research analysts expect that Deckers Outdoor will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has authorized a share buyback plan on Thursday, May 22nd that allows the company to repurchase $2.25 billion in shares. This repurchase authorization allows the textile maker to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are 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.