Deckers Outdoor (NYSE:DECK) Rating Increased to Buy at Argus

Argus upgraded shares of Deckers Outdoor (NYSE:DECK) from a hold rating to a buy rating in a report published on Friday morning, Marketbeat reports.

A number of other equities research analysts also recently issued reports on the stock. TD Cowen reiterated a “buy” rating on shares of Deckers Outdoor in a research report on Friday, October 24th. Zacks Research raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. KGI Securities raised Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price objective for the company in a report on Friday, January 30th. Wells Fargo & Company set a $110.00 target price on Deckers Outdoor and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Finally, Raymond James Financial set a $115.00 target price on Deckers Outdoor and gave the company a “strong-buy” rating in a report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor currently has an average rating of “Moderate Buy” and an average target price of $125.20.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $118.70 on Friday. Deckers Outdoor has a 1 year low of $78.91 and a 1 year high of $151.33. The stock has a fifty day moving average price of $106.63 and a two-hundred day moving average price of $102.52. The stock has a market capitalization of $16.85 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 2.69 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, topping the consensus estimate of $2.77 by $0.56. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.00 EPS. On average, analysts predict that Deckers Outdoor will post 5.89 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Anne Spangenberg sold 4,063 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the transaction, the insider owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. This trade represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robin Spring-Green sold 347 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $113.78, for a total value of $39,481.66. Following the completion of the sale, the insider owned 42,461 shares in the company, valued at $4,831,212.58. This represents a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 9,092 shares of company stock worth $1,048,552. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds have recently modified their holdings of the company. American National Bank & Trust raised its position in shares of Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after buying an additional 106 shares during the last quarter. True Wealth Design LLC boosted its stake in Deckers Outdoor by 2,440.0% in the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after buying an additional 244 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after buying an additional 215 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in Deckers Outdoor in the 4th quarter valued at about $30,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Deckers Outdoor during the 3rd quarter valued at about $30,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.