Deckers Outdoor (NYSE:DECK) Reaches New 1-Year High – Here’s What Happened

Deckers Outdoor Co. (NYSE:DECK) shares reached a new 52-week high on Friday . The company traded as high as $213.90 and last traded at $213.90, with a volume of 807549 shares changing hands. The stock had previously closed at $205.28.

Analyst Ratings Changes

DECK has been the topic of a number of research reports. Guggenheim began coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating on the stock. UBS Group increased their price objective on Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a report on Friday, October 25th. StockNews.com downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 25th. Seaport Res Ptn lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Finally, Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a research report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and an average target price of $158.59.

Deckers Outdoor Stock Performance

The business has a 50 day moving average price of $180.66 and a two-hundred day moving average price of $97.10. The stock has a market cap of $32.41 billion, a PE ratio of 37.52, a P/E/G ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company earned $1.14 EPS. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. As a group, research analysts anticipate that Deckers Outdoor Co. will post 5.49 earnings per share for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,278 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the sale, the insider now owns 29,628 shares in the company, valued at $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 10,222 shares in the company, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,234 shares of company stock worth $15,248,513 over the last three months. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DECK. FMR LLC lifted its holdings in shares of Deckers Outdoor by 499.2% in the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock worth $3,646,539,000 after buying an additional 19,053,113 shares in the last quarter. State Street Corp lifted its stake in Deckers Outdoor by 513.8% in the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after purchasing an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Deckers Outdoor by 509.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after purchasing an additional 3,393,420 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Deckers Outdoor by 529.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock worth $203,674,000 after purchasing an additional 1,074,263 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Deckers Outdoor by 904.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,011,073 shares of the textile maker’s stock valued at $161,216,000 after buying an additional 910,430 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

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.