Deckers Outdoor (NYSE:DECK) Hits New 12-Month High – Here’s What Happened

Deckers Outdoor Co. (NYSE:DECK) reached a new 52-week high during trading on Wednesday . The company traded as high as $208.45 and last traded at $207.90, with a volume of 293451 shares changing hands. The stock had previously closed at $202.12.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Truist Financial increased their target price on Deckers Outdoor from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Evercore ISI increased their target price on Deckers Outdoor from $185.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Telsey Advisory Group increased their target price on Deckers Outdoor from $183.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Seaport Res Ptn downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Finally, Barclays raised their price target on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.59.

Deckers Outdoor Stock Up 1.7 %

The firm has a 50 day simple moving average of $174.20 and a 200-day simple moving average of $89.35. The company has a market cap of $31.21 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 2.80 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last posted its earnings results 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 return on equity of 41.48% and a net margin of 18.95%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. As a group, equities analysts anticipate that Deckers Outdoor Co. will post 5.49 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $26,973,539.46. This trade represents a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the sale, the director now directly owns 10,222 shares of the company’s stock, valued at $2,052,577.60. This trade represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,960 shares of company stock worth $12,274,668 over the last quarter. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently modified their holdings of DECK. Diversified Trust Co acquired a new position in Deckers Outdoor in the second quarter valued at approximately $287,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Deckers Outdoor by 8.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,272 shares of the textile maker’s stock valued at $5,103,000 after acquiring an additional 389 shares during the period. Swedbank AB lifted its holdings in Deckers Outdoor by 128.6% in the second quarter. Swedbank AB now owns 11,123 shares of the textile maker’s stock valued at $10,767,000 after acquiring an additional 6,257 shares during the period. Cordatus Wealth Management LLC purchased a new stake in shares of Deckers Outdoor in the second quarter valued at approximately $453,000. Finally, Outlook Wealth Advisors LLC purchased a new stake in shares of Deckers Outdoor in the second quarter valued at approximately $364,000. Institutional investors and hedge funds 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.