Deckers Outdoor (NYSE:DECK) Downgraded by StockNews.com

StockNews.com cut shares of Deckers Outdoor (NYSE:DECK) from a strong-buy rating to a hold rating in a report issued on Wednesday morning.

DECK has been the topic of a number of other reports. Piper Sandler restated a neutral rating and set a $27.78 price objective on shares of Deckers Outdoor in a research report on Friday, August 23rd. Truist Financial boosted their price target on shares of Deckers Outdoor from $33.33 to $34.03 and gave the company a buy rating in a report on Friday, July 26th. Wedbush reaffirmed an outperform rating and set a $28.61 price objective on shares of Deckers Outdoor in a report on Friday, July 26th. Evercore ISI lowered their target price on shares of Deckers Outdoor from $30.83 to $30.56 and set an outperform rating on the stock in a research note on Monday, July 15th. Finally, Robert W. Baird raised their price target on shares of Deckers Outdoor from $29.17 to $29.86 and gave the stock an outperform rating in a research note on Friday, July 26th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $54.99.

Deckers Outdoor Trading Up 1.4 %

Shares of DECK stock opened at $159.42 on Wednesday. The firm has a market capitalization of $4.06 billion, a P/E ratio of 5.44, a price-to-earnings-growth ratio of 2.74 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 firm’s fifty day simple moving average is $51.30 and its 200 day simple moving average is $34.58.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The business had revenue of $825.30 million during the quarter, compared to analyst estimates of $808.40 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Equities research analysts anticipate that Deckers Outdoor will post 5.2 EPS for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other news, Director David Powers sold 140,832 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $23.97, for a total value of $3,376,368.96. Following the completion of the sale, the director now directly owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Deckers Outdoor by 460.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 23 shares during the period. FinTrust Capital Advisors LLC raised its position in Deckers Outdoor by 437.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after buying an additional 35 shares during the last quarter. Crewe Advisors LLC bought a new stake in Deckers Outdoor in the 2nd quarter valued at approximately $34,000. Contravisory Investment Management Inc. bought a new position in shares of Deckers Outdoor during the 1st quarter worth approximately $36,000. Finally, EntryPoint Capital LLC grew its stake in shares of Deckers Outdoor by 256.3% during the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $54,000 after acquiring an additional 41 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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