Deckers Outdoor Corporation (NYSE:DECK) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Deckers Outdoor Corporation (NYSE:DECK) have been given an average rating of “Moderate Buy” by the twenty-five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $125.45.

Several research analysts have recently issued reports on the company. Wells Fargo & Company set a $115.00 price objective on Deckers Outdoor and gave the stock an “equal weight” rating in a research report on Wednesday. Evercore set a $108.00 price target on Deckers Outdoor in a report on Friday, January 30th. Sanford C. Bernstein set a $90.00 price target on shares of Deckers Outdoor in a research note on Friday, January 30th. Jefferies Financial Group upped their target price on shares of Deckers Outdoor from $102.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, January 27th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $120.00 price target (up from $105.00) on shares of Deckers Outdoor in a research note on Monday, January 26th.

Insider Buying and Selling

In other Deckers Outdoor news, insider Anne Spangenberg sold 4,063 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $116.02, for a total transaction of $471,389.26. Following the transaction, the insider directly owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. This trade represents a 4.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robin Spring-Green sold 347 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the sale, the insider owned 42,461 shares of the company’s stock, valued at $4,831,212.58. This trade represents a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,092 shares of company stock worth $1,048,552 in the last quarter. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds have recently modified their holdings of DECK. Pinnacle Investment Management Ltd purchased a new position in shares of Deckers Outdoor during the 3rd quarter worth approximately $2,027,000. Allspring Global Investments Holdings LLC increased its holdings in Deckers Outdoor by 171.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 326,353 shares of the textile maker’s stock valued at $33,020,000 after buying an additional 205,975 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Deckers Outdoor by 208.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 178,664 shares of the textile maker’s stock worth $18,111,000 after acquiring an additional 120,735 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Deckers Outdoor by 46.2% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,800 shares of the textile maker’s stock worth $6,062,000 after purchasing an additional 18,900 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Deckers Outdoor by 980.5% during the 3rd quarter. Nordea Investment Management AB now owns 359,343 shares of the textile maker’s stock worth $36,312,000 after buying an additional 326,086 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Trading Up 1.1%

Shares of NYSE:DECK opened at $109.02 on Thursday. The company has a market capitalization of $15.48 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 2.31 and a beta of 1.21. Deckers Outdoor has a 12-month low of $78.91 and a 12-month high of $133.43. The business has a 50-day moving average price of $107.92 and a 200 day moving average price of $100.68.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.56. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. Deckers Outdoor’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.00 earnings per share. As a group, equities research analysts predict that Deckers Outdoor will post 5.89 earnings per share for the current fiscal year.

About Deckers Outdoor

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well?known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct?to?consumer retail to serve both fashion?focused and performance?oriented customers.

Founded in 1973 by Doug Otto and Karl F.