Deckers Outdoor (NYSE:DECK) Given Market Perform Rating at Telsey Advisory Group

Deckers Outdoor (NYSE:DECK)‘s stock had its “market perform” rating reaffirmed by investment analysts at Telsey Advisory Group in a note issued to investors on Monday,Benzinga reports. They currently have a $105.00 price target on the textile maker’s stock. Telsey Advisory Group’s price objective points to a potential upside of 5.16% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Truist Financial set a $115.00 price objective on shares of Deckers Outdoor in a research report on Wednesday, January 14th. Needham & Company LLC restated a “buy” rating on shares of Deckers Outdoor in a research note on Thursday, January 8th. Barclays dropped their target price on Deckers Outdoor from $141.00 to $113.00 and set an “overweight” rating on the stock in a report on Monday, October 27th. Citigroup reaffirmed a “buy” rating and set a $130.00 price target (up from $120.00) on shares of Deckers Outdoor in a report on Thursday, January 15th. Finally, Robert W. Baird lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $117.58.

Deckers Outdoor Price Performance

NYSE DECK opened at $99.85 on Monday. Deckers Outdoor has a 1-year low of $78.91 and a 1-year high of $223.98. The business has a 50 day moving average price of $98.11 and a 200 day moving average price of $101.43. The company has a market capitalization of $14.55 billion, a P/E ratio of 14.79, a PEG ratio of 4.51 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.24. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the business posted $1.59 earnings per share. Deckers Outdoor’s revenue was up 9.1% compared to the same quarter last year. On average, research analysts expect that Deckers Outdoor will post 5.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other news, insider Angela Ogbechie sold 1,460 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $81.45, for a total value of $118,917.00. Following the transaction, the insider directly owned 34,020 shares in the company, valued at approximately $2,770,929. This trade represents a 4.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Deckers Outdoor

Several hedge funds have recently made changes to their positions in DECK. Valmark Advisers Inc. grew its stake in Deckers Outdoor by 7.2% during the 4th quarter. Valmark Advisers Inc. now owns 3,558 shares of the textile maker’s stock worth $369,000 after buying an additional 240 shares during the last quarter. Sage Mountain Advisors LLC bought a new position in shares of Deckers Outdoor during the fourth quarter worth about $281,000. Natural Investments LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth about $206,000. Assetmark Inc. raised its holdings in shares of Deckers Outdoor by 6.2% during the fourth quarter. Assetmark Inc. now owns 5,199 shares of the textile maker’s stock valued at $539,000 after buying an additional 302 shares during the last quarter. Finally, Transcend Capital Advisors LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter valued at approximately $310,000. Institutional investors own 97.79% of the company’s stock.

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.