KeyCorp Reaffirms Sector Weight Rating for Deckers Outdoor (NYSE:DECK)

KeyCorp reiterated their sector weight rating on shares of Deckers Outdoor (NYSE:DECK - Free Report) in a research report report published on Friday, Marketbeat.com reports. The firm currently has a $150.00 price target on the textile maker's stock. KeyCorp also issued estimates for Deckers Outdoor's FY2027 earnings at $6.32 EPS.

A number of other equities research analysts also recently issued reports on DECK. Wells Fargo & Company reissued an "equal weight" rating on shares of Deckers Outdoor in a report on Thursday, May 22nd. Needham & Company LLC set a $150.00 target price on shares of Deckers Outdoor and gave the stock a "buy" rating in a research note on Wednesday, May 21st. TD Securities boosted their price target on shares of Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Piper Sandler decreased their price target on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, UBS Group reissued a "hold" rating on shares of Deckers Outdoor in a research note on Thursday, May 22nd. Thirteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $134.68.

Deckers Outdoor Trading Down 4.6%

Shares of DECK traded down $5.03 during trading hours on Friday, reaching $103.93. 2,709,385 shares of the stock traded hands, compared to its average volume of 2,538,013. The company has a market cap of $15.77 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.68 and a beta of 1.11. The stock has a fifty day simple moving average of $114.04 and a 200 day simple moving average of $157.10. Deckers Outdoor has a 52 week low of $93.72 and a 52 week high of $223.98.

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

Deckers Outdoor announced that its board has authorized a stock repurchase program 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 programs are usually a sign that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director David Powers sold 25,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares of the company's stock, valued at approximately $33,568,318.68. This represents a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now directly owns 10,388 shares of the company's stock, valued at $1,396,978.24. This trade represents a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Deckers Outdoor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Resonant Capital Advisors LLC increased its holdings in Deckers Outdoor by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker's stock valued at $489,000 after buying an additional 52 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in Deckers Outdoor by 3.9% during the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker's stock valued at $293,000 after buying an additional 54 shares in the last quarter. Mather Group LLC. increased its holdings in Deckers Outdoor by 2.6% in the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker's stock valued at $521,000 after acquiring an additional 64 shares during the last quarter. Prosperity Wealth Management Inc. increased its holdings in shares of Deckers Outdoor by 2.8% in the fourth quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker's stock worth $564,000 after purchasing an additional 75 shares during the last quarter. Finally, WD Rutherford LLC boosted its position in shares of Deckers Outdoor by 4.8% during the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker's stock valued at $352,000 after acquiring an additional 79 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

About Deckers Outdoor

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.