Deckers Outdoor Co. (NYSE:DECK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Deckers Outdoor Co. (NYSE:DECK) has earned an average rating of “Moderate Buy” from the twenty ratings firms that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $162.16.

A number of brokerages have weighed in on DECK. Citigroup lowered their price objective on Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, April 28th. KeyCorp dropped their price objective on Deckers Outdoor from $230.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, April 29th. Bank of America raised their target price on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Piper Sandler reduced their price objective on shares of Deckers Outdoor from $210.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a research report on Friday.

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the 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 completion of the transaction, the director now owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David Powers sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the transaction, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37% decrease in their ownership of the stock. 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 have recently added to or reduced their stakes in DECK. Mpwm Advisory Solutions LLC acquired a new stake in Deckers Outdoor during the fourth quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at about $29,000. Vega Investment Solutions bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $29,000. Global Trust Asset Management LLC bought a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 120 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

Shares of DECK opened at $127.82 on Monday. The stock has a market capitalization of $19.40 billion, a P/E ratio of 20.72, a P/E/G ratio of 1.68 and a beta of 1.11. Deckers Outdoor has a 1 year low of $93.72 and a 1 year high of $223.98. The company’s fifty day moving average is $114.19 and its two-hundred day moving average is $159.45.

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.