Deckers Outdoor (NYSE:DECK) Earns "Market Perform" Rating from Telsey Advisory Group

Deckers Outdoor (NYSE:DECK - Get Free Report)'s stock had its "market perform" rating restated by investment analysts at Telsey Advisory Group in a report issued on Friday,Benzinga reports. They currently have a $120.00 price target on the textile maker's stock. Telsey Advisory Group's price objective points to a potential upside of 17.43% from the company's previous close.

DECK has been the topic of a number of other reports. UBS Group cut their price target on shares of Deckers Outdoor from $169.00 to $144.00 and set a "buy" rating on the stock in a report on Thursday. Robert W. Baird cut their price target on shares of Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Argus assumed coverage on shares of Deckers Outdoor in a report on Friday, June 13th. They issued a "hold" rating on the stock. KGI Securities raised shares of Deckers Outdoor to a "hold" rating in a report on Monday, May 26th. Finally, KeyCorp reaffirmed a "sector weight" rating and set a $150.00 price objective on shares of Deckers Outdoor in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $135.61.

Deckers Outdoor Stock Up 1.0%

Shares of DECK stock traded up $0.97 on Friday, reaching $102.19. The company had a trading volume of 174,547 shares, compared to its average volume of 2,686,418. The business's 50-day moving average is $108.53 and its 200 day moving average is $133.80. The stock has a market capitalization of $15.27 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 5.95 and a beta of 0.99. Deckers Outdoor has a one year low of $93.72 and a one year high of $223.98.

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

Deckers Outdoor declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 22nd that permits the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization permits the textile maker to reacquire up to 11.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Insider Transactions at Deckers Outdoor

In other news, Director Cindy L. Davis bought 1,825 shares of the business's stock in a transaction dated Friday, June 6th. The shares were purchased at an average price of $109.76 per share, for a total transaction of $200,312.00. Following the completion of the acquisition, the director owned 13,340 shares of the company's stock, valued at approximately $1,464,198.40. This trade represents a 15.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Angela Ogbechie sold 6,244 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the sale, the insider directly owned 19,980 shares of the company's stock, valued at $2,075,722.20. The trade was a 23.81% decrease in their position. The disclosure for this sale can be found here. Company 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. Marks Group Wealth Management Inc lifted its position in Deckers Outdoor by 15.4% during the first quarter. Marks Group Wealth Management Inc now owns 62,902 shares of the textile maker's stock valued at $7,033,000 after buying an additional 8,410 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Deckers Outdoor by 17.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock valued at $1,997,000 after acquiring an additional 2,706 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Deckers Outdoor by 32.3% during the first quarter. Park Avenue Securities LLC now owns 26,929 shares of the textile maker's stock valued at $3,011,000 after acquiring an additional 6,569 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Deckers Outdoor by 17.7% during the first quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock valued at $65,716,000 after acquiring an additional 88,179 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Deckers Outdoor during the first quarter valued at $493,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

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.

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