Deckers Outdoor (NYSE:DECK) Shares Gap Down – What’s Next?

Shares of Deckers Outdoor Co. (NYSE:DECK) gapped down prior to trading on Thursday . The stock had previously closed at $117.98, but opened at $100.15. Deckers Outdoor shares last traded at $98.74, with a volume of 1,395,170 shares changing hands.

Wall Street Analyst Weigh In

DECK has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $246.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. KeyCorp lifted their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. UBS Group increased their target price on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Truist Financial cut their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Price Performance

The firm has a 50-day moving average of $142.96 and a 200 day moving average of $169.66. The stock has a market capitalization of $16.09 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. On average, equities analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

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

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.