Deckers Outdoor Corporation (NYSE:DECK) Given Average Recommendation of “Hold” by Analysts

Deckers Outdoor Corporation (NYSE:DECK) has been assigned a consensus recommendation of “Hold” from the twenty-five ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $137.66.

DECK has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Deckers Outdoor in a research report on Wednesday, July 2nd. They set a “sell” rating and a $90.00 price target for the company. 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. Stifel Nicolaus cut their target price on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. Argus began coverage on shares of Deckers Outdoor in a research report on Friday, June 13th. They issued a “hold” rating for the company. Finally, Telsey Advisory Group lowered shares of Deckers Outdoor from an “outperform” rating to a “market perform” rating in a research report on Friday, May 23rd.

Insider Transactions at Deckers Outdoor

In other news, Director Cindy L. Davis bought 1,825 shares of the company’s stock in a transaction dated Friday, June 6th. The stock was bought at an average cost 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 in the company, valued at approximately $1,464,198.40. This trade represents a 15.85% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $103.89, for a total transaction of $648,689.16. Following the sale, the insider owned 19,980 shares of the company’s stock, valued at approximately $2,075,722.20. This represents a 23.81% 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 company insiders.

Institutional Trading of Deckers Outdoor

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi lifted its holdings in shares of Deckers Outdoor by 11.0% during the fourth quarter. Amundi now owns 1,088,351 shares of the textile maker’s stock valued at $225,855,000 after purchasing an additional 108,054 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted 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 purchasing an additional 2,706 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Deckers Outdoor by 13.7% during the fourth quarter. HighTower Advisors LLC now owns 56,276 shares of the textile maker’s stock valued at $11,429,000 after purchasing an additional 6,788 shares during the last quarter. Marks Group Wealth Management Inc lifted its holdings in shares of 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 purchasing an additional 8,410 shares during the last quarter. Finally, Gitterman Wealth Management LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $434,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $98.46 on Tuesday. The company’s fifty day simple moving average is $110.32 and its two-hundred day simple moving average is $135.81. The stock has a market capitalization of $14.71 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 6.18 and a beta of 0.99. Deckers Outdoor has a 1 year low of $93.72 and a 1 year high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, May 22nd. The textile maker reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.43. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Deckers Outdoor had a net margin of 19.49% and a return on equity of 41.17%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 EPS. Equities research analysts anticipate that Deckers Outdoor will post 5.89 EPS for the current year.

Deckers Outdoor declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 22nd that permits the company to buyback $2.25 billion in shares. This buyback authorization permits the textile maker to purchase up to 11.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

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.