Deckers Outdoor’s (DECK) Outperform Rating Reaffirmed at Telsey Advisory Group

Deckers Outdoor (NYSE:DECK)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $240.00 price target on the textile maker’s stock. Telsey Advisory Group’s target price indicates a potential upside of 11.61% from the company’s current price.

A number of other equities analysts have also commented on DECK. Barclays boosted their price target on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Wells Fargo & Company increased their price target on Deckers Outdoor from $170.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Robert W. Baird lifted their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. TD Cowen increased their target price on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Truist Financial lifted their price target on Deckers Outdoor from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.14.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $215.04 on Thursday. The business has a 50 day simple moving average of $201.33 and a 200 day simple moving average of $127.75. Deckers Outdoor has a one year low of $123.33 and a one year high of $218.39. The company has a market capitalization of $32.67 billion, a PE ratio of 37.81, a price-to-earnings-growth ratio of 2.96 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating the consensus estimate of $1.24 by $0.35. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.14 EPS. Equities analysts anticipate that Deckers Outdoor will post 5.56 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other news, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the sale, the insider now directly owns 29,628 shares in the company, valued at $4,836,474.72. This trade represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the sale, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,036 shares of company stock valued at $13,715,482 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Several institutional investors and hedge funds have recently added to or reduced their stakes in DECK. Solstein Capital LLC increased its position in shares of Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Bell Investment Advisors Inc grew its stake in Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 146 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in shares of Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after buying an additional 175 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.