Deckers Outdoor (NYSE:DECK) Shares Gap Down to $450.01

Deckers Outdoor Co. (NYSE:DECK – Get Rating) gapped down before the market opened on Friday . The stock had previously closed at $450.01, but opened at $435.01. Deckers Outdoor shares last traded at $457.39, with a volume of 252,011 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DECK. BTIG Research upped their price target on shares of Deckers Outdoor from $515.00 to $560.00 in a research report on Monday, May 1st. Cowen upped their price target on shares of Deckers Outdoor from $476.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. StockNews.com began coverage on shares of Deckers Outdoor in a research report on Thursday, May 18th. They set a “hold” rating for the company. Stifel Nicolaus increased their target price on shares of Deckers Outdoor from $485.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, April 17th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $485.00 target price on shares of Deckers Outdoor in a report on Wednesday, February 15th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $497.69.

Deckers Outdoor Stock Performance

The firm has a market capitalization of $12.24 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.15 and a beta of 0.92. The business’s fifty day simple moving average is $463.87 and its 200-day simple moving average is $420.24.

Deckers Outdoor (NYSE:DECK – Get Rating) last posted its earnings results on Thursday, May 25th. The textile maker reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $0.85. The firm had revenue of $791.57 million during the quarter, compared to the consensus estimate of $723.47 million. Deckers Outdoor had a return on equity of 31.38% and a net margin of 13.83%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.51 EPS. Sell-side analysts expect that Deckers Outdoor Co. will post 18.53 earnings per share for the current fiscal year.

Institutional Trading of Deckers Outdoor

Institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc lifted its holdings in shares of Deckers Outdoor by 3.6% during the first quarter. CIBC Asset Management Inc now owns 728 shares of the textile maker’s stock worth $327,000 after purchasing an additional 25 shares during the period. Alliance Wealth Advisors LLC UT increased its position in shares of Deckers Outdoor by 2.8% during the first quarter. Alliance Wealth Advisors LLC UT now owns 978 shares of the textile maker’s stock worth $440,000 after purchasing an additional 27 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Deckers Outdoor by 0.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 7,099 shares of the textile maker’s stock valued at $2,834,000 after buying an additional 28 shares in the last quarter. Parallel Advisors LLC grew its holdings in Deckers Outdoor by 28.3% in the 4th quarter. Parallel Advisors LLC now owns 136 shares of the textile maker’s stock valued at $54,000 after buying an additional 30 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Deckers Outdoor by 1.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,807 shares of the textile maker’s stock valued at $812,000 after buying an additional 33 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

About Deckers Outdoor

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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.