Deckers Outdoor Co. (NYSE:DECK) shares gapped down prior to trading on Friday after Cowen lowered their price target on the stock from $478.00 to $358.00. The stock had previously closed at $322.15, but opened at $305.05. Cowen currently has an outperform rating on the stock. Deckers Outdoor shares last traded at $299.27, with a volume of 6,935 shares trading hands.
Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group cut their price target on shares of Deckers Outdoor from $525.00 to $450.00 and set a “buy” rating for the company in a report on Friday. Telsey Advisory Group lowered their price objective on shares of Deckers Outdoor from $475.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday. Zacks Investment Research raised shares of Deckers Outdoor from a “sell” rating to a “hold” rating and set a $388.00 price objective on the stock in a research note on Monday, January 3rd. Finally, Seaport Res Ptn reissued a “buy” rating on shares of Deckers Outdoor in a research note on Tuesday, January 18th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $440.25.
In other news, COO David E. Lafitte sold 500 shares of Deckers Outdoor stock in a transaction that occurred on Wednesday, December 1st. The shares were sold at an average price of $410.28, for a total transaction of $205,140.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David Powers sold 2,225 shares of Deckers Outdoor stock in a transaction on Wednesday, December 1st. The stock was sold at an average price of $410.28, for a total transaction of $912,873.00. The disclosure for this sale can be found here. Insiders sold 17,108 shares of company stock worth $7,172,393 in the last 90 days. 0.90% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the stock. Clearstead Advisors LLC acquired a new position in Deckers Outdoor in the third quarter worth $27,000. West Oak Capital LLC boosted its holdings in Deckers Outdoor by 60.0% in the fourth quarter. West Oak Capital LLC now owns 80 shares of the textile maker’s stock worth $29,000 after purchasing an additional 30 shares during the period. Atticus Wealth Management LLC acquired a new position in Deckers Outdoor in the third quarter worth $36,000. Dark Forest Capital Management LP acquired a new position in shares of Deckers Outdoor during the third quarter valued at $41,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Deckers Outdoor by 265.6% during the third quarter. Meeder Asset Management Inc. now owns 117 shares of the textile maker’s stock valued at $42,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 94.65% of the company’s stock.
The company has a market cap of $8.55 billion, a price-to-earnings ratio of 20.73 and a beta of 0.81. The firm’s fifty day moving average price is $355.37 and its 200-day moving average price is $388.30.
Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 3rd. The textile maker reported $8.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.19 by $0.23. Deckers Outdoor had a net margin of 15.33% and a return on equity of 30.04%. During the same quarter in the prior year, the business earned $8.99 earnings per share. Equities analysts forecast that Deckers Outdoor Co. will post 15.09 earnings per share for the current year.
Deckers Outdoor Company Profile (NYSE:DECK)
Deckers Outdoor Corp. engages in the business of designing, marketing, and distributing footwear, apparel, and accessories developed for both everyday casual lifestyle use and high performance activities. It operates through the following segments: UGG Brand, HOKA Brand, Teva Brand, Sanuk Brand, Other Brands, and Direct-to-Consumer.