Deckers Outdoor Co. (NYSE:DECK) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Deckers Outdoor Co. (NYSE:DECK - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the sixteen brokerages that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $889.00.

DECK has been the topic of a number of recent analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $1,000.00 target price on shares of Deckers Outdoor in a research report on Monday. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $930.00 target price on shares of Deckers Outdoor in a research report on Thursday, February 15th. Bank of America lowered Deckers Outdoor from a "buy" rating to a "neutral" rating and cut their target price for the company from $875.00 to $860.00 in a research report on Thursday, April 25th. TD Cowen upped their price target on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a "buy" rating in a research report on Thursday, April 18th. Finally, Piper Sandler upped their price target on Deckers Outdoor from $650.00 to $730.00 and gave the company a "neutral" rating in a research report on Wednesday, January 24th.

Deckers Outdoor Price Performance

Deckers Outdoor stock traded up $21.07 during midday trading on Thursday, hitting $874.55. 255,166 shares of the company were exchanged, compared to its average volume of 412,576. The company's fifty day moving average price is $877.33 and its 200-day moving average price is $767.06. The company has a market cap of $22.45 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 1.49 and a beta of 1.05. Deckers Outdoor has a fifty-two week low of $424.36 and a fifty-two week high of $956.17.

Insider Transactions at Deckers Outdoor

In other news, CEO David Powers sold 5,993 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the transaction, the chief executive officer now owns 98,218 shares of the company's stock, valued at $80,942,435.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Angela Ogbechie sold 313 shares of the firm's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.13, for a total transaction of $264,212.69. Following the completion of the transaction, the insider now owns 4,027 shares of the company's stock, valued at $3,399,311.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David Powers sold 5,993 shares of the firm's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the transaction, the chief executive officer now directly owns 98,218 shares of the company's stock, valued at approximately $80,942,435.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,792 shares of company stock valued at $23,173,771. 0.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. FinTrust Capital Advisors LLC lifted its holdings in shares of Deckers Outdoor by 437.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker's stock valued at $29,000 after buying an additional 35 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $33,000. Contravisory Investment Management Inc. bought a new stake in Deckers Outdoor in the first quarter worth approximately $36,000. FSC Wealth Advisors LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth $39,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Deckers Outdoor by 170.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker's stock valued at $42,000 after purchasing an additional 51 shares in the last quarter. 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.