Deckers Outdoor (NYSE:DECK) Stock Price Breaks Below Fifty Day Moving Average - Time to Sell?

Key Points

• Deckers Outdoor shares fell below their 50-day moving average, trading as low as $81.56 versus the $82.65 average, while remaining well below the 200-day average of $99.27.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $105.81; targets range from Wells Fargo’s $70 underweight view to UBS’s $137 buy rating.
• The company’s latest results were mixed: adjusted earnings of $2.31 per share exceeded estimates, but revenue of $1.48 billion fell short of expectations despite growing 3.4% year over year.

Deckers Outdoor Corporation (NYSE:DECK - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $82.65 and traded as low as $81.56. Deckers Outdoor shares last traded at $82.0690, with a volume of 2,608,845 shares trading hands.

Wall Street Analyst Weigh In

DECK has been the topic of several research analyst reports. Wells Fargo & Company set a $70.00 target price on shares of Deckers Outdoor and gave the stock an "underweight" rating in a research note on Friday, October 23rd. UBS Group set a $137.00 price target on shares of Deckers Outdoor and gave the stock a "buy" rating in a report on Friday, October 23rd. Weiss Ratings downgraded shares of Deckers Outdoor from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, September 3rd. KeyCorp reaffirmed a "sector weight" rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $90.00 price objective (down from $105.00) on shares of Deckers Outdoor in a report on Friday, October 23rd. Ten equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of "Hold" and a consensus target price of $105.81.

Deckers Outdoor Stock Down 0.8%

The stock has a market cap of $11.18 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 1.32 and a beta of 1.12. The stock has a 50 day simple moving average of $82.65 and a 200 day simple moving average of $99.27.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, October 22nd. The textile maker reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.52. Deckers Outdoor had a return on equity of 42.42% and a net margin of 19.18%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm earned $1.82 earnings per share. Deckers Outdoor's revenue for the quarter was up 3.4% on a year-over-year basis. Equities analysts expect that Deckers Outdoor Corporation will post 7.90 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Costello Asset Management INC increased its position in Deckers Outdoor by 14.3% in the first quarter. Costello Asset Management INC now owns 800 shares of the textile maker's stock worth $80,000 after buying an additional 100 shares during the period. Cim LLC lifted its stake in Deckers Outdoor by 1.1% in the first quarter. Cim LLC now owns 12,207 shares of the textile maker's stock valued at $1,222,000 after buying an additional 133 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of Deckers Outdoor by 3.4% during the first quarter. Resonant Capital Advisors LLC now owns 4,250 shares of the textile maker's stock valued at $425,000 after acquiring an additional 138 shares during the period. Tema ETFs LLC boosted its holdings in shares of Deckers Outdoor by 5.6% during the second quarter. Tema ETFs LLC now owns 2,734 shares of the textile maker's stock valued at $271,000 after acquiring an additional 145 shares during the period. Finally, Greenleaf Trust boosted its holdings in shares of Deckers Outdoor by 4.9% during the second quarter. Greenleaf Trust now owns 3,186 shares of the textile maker's stock valued at $316,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, doing business as Deckers Brands NYSE: DECK, is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.

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