Telsey Advisory Group Reiterates “Outperform” Rating for Deckers Outdoor (NYSE:DECK)

Telsey Advisory Group reissued their outperform rating on shares of Deckers Outdoor (NYSE:DECKFree Report) in a report issued on Thursday,Benzinga reports. Telsey Advisory Group currently has a $240.00 price target on the textile maker’s stock.

Several other equities research analysts have also issued reports on the stock. BTIG Research lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Piper Sandler set a $166.00 target price on Deckers Outdoor in a research report on Thursday, October 17th. Robert W. Baird boosted their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. KeyCorp increased their price target on Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company boosted their price objective on Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $182.20.

View Our Latest Report on DECK

Deckers Outdoor Trading Up 1.8 %

DECK stock opened at $218.70 on Thursday. Deckers Outdoor has a 1-year low of $123.33 and a 1-year high of $218.92. The stock has a market cap of $33.23 billion, a P/E ratio of 38.46, a P/E/G ratio of 2.96 and a beta of 1.08. The stock’s fifty day simple moving average is $201.33 and its two-hundred day simple moving average is $127.75.

Deckers Outdoor (NYSE:DECKGet Free Report) last posted its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.35. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 earnings per share. As a group, analysts forecast that Deckers Outdoor will post 5.56 earnings per share for the current fiscal year.

Insider Activity at Deckers Outdoor

In related news, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total value of $3,155,040.00. Following the sale, the insider now directly owns 63,642 shares of the company’s stock, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Angela Ogbechie sold 1,278 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the transaction, the insider now directly owns 29,628 shares of the company’s stock, valued at approximately $4,836,474.72. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,036 shares of company stock valued at $13,715,482. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its holdings in shares of Deckers Outdoor by 7.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock valued at $264,000 after buying an additional 19 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Deckers Outdoor by 2.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock worth $889,000 after buying an additional 23 shares in the last quarter. Evergreen Capital Management LLC grew its position in Deckers Outdoor by 5.7% during the second quarter. Evergreen Capital Management LLC now owns 497 shares of the textile maker’s stock valued at $481,000 after acquiring an additional 27 shares during the last quarter. Algert Global LLC lifted its holdings in shares of Deckers Outdoor by 23.0% in the 2nd quarter. Algert Global LLC now owns 428 shares of the textile maker’s stock worth $414,000 after acquiring an additional 80 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in shares of Deckers Outdoor by 6.5% in the 4th quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 82 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

About Deckers Outdoor

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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.

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