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

Shares of Deckers Outdoor Co. (NYSE:DECK) hit a new 52-week high on Tuesday . The stock traded as high as $218.39 and last traded at $212.19, with a volume of 175031 shares trading hands. The stock had previously closed at $209.91.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DECK. StockNews.com cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Truist Financial boosted their target price on Deckers Outdoor from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Barclays lifted their price target on Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Seaport Res Ptn downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 7th. Finally, Bank of America boosted their price target on Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.06.

Deckers Outdoor Stock Performance

The firm has a fifty day moving average of $199.86 and a 200-day moving average of $125.81. The stock has a market capitalization of $32.29 billion, a price-to-earnings ratio of 37.34, a P/E/G ratio of 2.91 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the company earned $1.14 earnings per share. On average, analysts predict that Deckers Outdoor Co. will post 5.56 EPS for the current year.

Insider Transactions at Deckers Outdoor

In related news, CEO Caroti Stefano sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $175.73, for a total transaction of $2,635,950.00. Following the sale, the chief executive officer now directly owns 273,540 shares of the company’s stock, valued at approximately $48,069,184.20. This represents a 5.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Garcia sold 18,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now owns 63,642 shares of the company’s stock, valued at approximately $11,155,169.76. The trade was a 22.05 % 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. 0.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its position in Deckers Outdoor by 499.2% during the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after purchasing an additional 19,053,113 shares during the period. State Street Corp grew its holdings 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 buying an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Deckers Outdoor by 509.1% during the third 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 in the last quarter. JPMorgan Chase & Co. raised its position in shares of Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after buying an additional 1,170,855 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 period. 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.