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

Key Points

• Analyst consensus: 25 analysts give Deckers an average rating of "Hold" (3 sell, 10 hold, 11 buy, 1 strong buy) with a 1-year average price target of $126.35.
• Quarterly beat and strong profitability: Deckers reported EPS of $3.33 vs. $2.77 expected and revenue of $1.96B vs. $1.87B, with a 19.46% net margin and 41.6% ROE; sell-side analysts expect ~$6.87 EPS for the fiscal year.
• Insider selling: Company insiders sold 9,092 shares over the last 90 days (about $1.05M), including director sales that reduced holdings, and insiders now own roughly 0.40% of the stock.

Deckers Outdoor Corporation (NYSE:DECK - Get Free Report) has been assigned an average rating of "Hold" from the twenty-five analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $126.35.

Several research analysts have issued reports on the stock. UBS Group restated a "buy" rating and issued a $161.00 price target (up from $157.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Raymond James Financial lowered shares of Deckers Outdoor from a "strong-buy" rating to an "outperform" rating and set a $133.00 price target on the stock. in a research report on Thursday, April 23rd. Needham & Company LLC lifted their price target on shares of Deckers Outdoor from $115.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, January 30th. Weiss Ratings restated a "hold (c)" rating on shares of Deckers Outdoor in a research report on Monday, April 20th. Finally, Piper Sandler restated an "underweight" rating and issued a $95.00 price target (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the transaction, the director owned 25,026 shares in the company, valued at approximately $2,873,985.84. The trade was a 15.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Anne Spangenberg sold 4,063 shares of the firm's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the transaction, the insider directly owned 80,449 shares of the company's stock, valued at $9,333,692.98. This represents a 4.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 9,092 shares of company stock worth $1,048,552. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Costello Asset Management INC boosted its stake in Deckers Outdoor by 14.3% in the 1st quarter. Costello Asset Management INC now owns 800 shares of the textile maker's stock worth $80,000 after purchasing an additional 100 shares during the period. Rakuten Securities Inc. boosted its stake in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker's stock worth $33,000 after purchasing an additional 100 shares during the period. Hilton Head Capital Partners LLC boosted its stake in Deckers Outdoor by 29.8% in the 1st quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker's stock worth $44,000 after purchasing an additional 101 shares during the period. American National Bank & Trust boosted its stake in Deckers Outdoor by 77.4% in the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker's stock worth $25,000 after purchasing an additional 106 shares during the period. Finally, Perigon Wealth Management LLC boosted its stake in Deckers Outdoor by 4.3% in the 3rd quarter. Perigon Wealth Management LLC now owns 2,597 shares of the textile maker's stock worth $263,000 after purchasing an additional 106 shares during the period. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Price Performance

NYSE DECK opened at $100.78 on Monday. Deckers Outdoor has a 12 month low of $78.91 and a 12 month high of $133.43. The firm has a market capitalization of $14.31 billion, a PE ratio of 14.23, a P/E/G ratio of 2.16 and a beta of 1.14. The company's 50 day simple moving average is $106.10 and its 200 day simple moving average is $101.23.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, beating analysts' consensus estimates of $2.77 by $0.56. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $3.00 earnings per share. Sell-side analysts anticipate that Deckers Outdoor will post 6.87 earnings per share for the current fiscal year.

Deckers Outdoor Company Profile

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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