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

Telsey Advisory Group reiterated their outperform rating on shares of Deckers Outdoor (NYSE:DECK) in a report released on Friday, Benzinga reports. The brokerage currently has a $183.00 price objective on the textile maker’s stock.

DECK has been the topic of several other research reports. Barclays dropped their target price on shares of Deckers Outdoor from $1,090.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Piper Sandler restated a “neutral” rating and issued a $27.78 price target on shares of Deckers Outdoor in a research note on Friday, August 23rd. Seaport Res Ptn cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Stifel Nicolaus dropped their target price on Deckers Outdoor from $887.00 to $147.83 and set a “hold” rating on the stock in a research report on Tuesday, September 17th. Finally, Wells Fargo & Company reduced their price target on shares of Deckers Outdoor from $1,000.00 to $165.00 and set an “equal weight” rating for the company in a research report on Monday, September 23rd. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.57.

Deckers Outdoor Price Performance

DECK stock opened at $160.00 on Friday. The stock has a market capitalization of $4.07 billion, a P/E ratio of 5.46, a P/E/G ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a 1-year low of $80.67 and a 1-year high of $184.48. The business has a fifty day moving average price of $94.70 and a 200-day moving average price of $49.87.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $825.30 million during the quarter, compared to analyst estimates of $808.40 million. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. Deckers Outdoor’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 EPS. As a group, analysts anticipate that Deckers Outdoor will post 5.22 earnings per share for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the sale, the chief financial officer now owns 161,838 shares in the company, valued at approximately $26,973,539.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Steven J. Fasching sold 9,198 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $166.67, for a total value of $1,533,030.66. Following the transaction, the chief financial officer now directly owns 161,838 shares of the company’s stock, valued at approximately $26,973,539.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Powers sold 140,832 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the sale, the director now directly owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SageView Advisory Group LLC bought a new stake in Deckers Outdoor in the 4th quarter worth approximately $261,000. HighPoint Advisor Group LLC bought a new stake in Deckers Outdoor in the fourth quarter worth $163,000. GAMMA Investing LLC increased its position in Deckers Outdoor by 20.5% in the first quarter. GAMMA Investing LLC now owns 229 shares of the textile maker’s stock worth $216,000 after purchasing an additional 39 shares during the last quarter. Perpetual Ltd bought a new position in Deckers Outdoor during the first quarter valued at $334,000. Finally, Czech National Bank bought a new stake in shares of Deckers Outdoor in the 1st quarter worth about $4,251,000. Institutional investors own 97.79% of the company’s stock.

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.