Deckers Outdoor (NYSE:DECK) Announces Quarterly Earnings Results

Deckers Outdoor (NYSE:DECK) released its earnings results on Thursday. The textile maker reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.57, Zacks reports. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.

Deckers Outdoor Trading Up 2.3%

DECK stock traded up $2.29 during midday trading on Thursday, reaching $99.91. 5,406,716 shares of the company’s stock traded hands, compared to its average volume of 2,781,282. Deckers Outdoor has a 52-week low of $78.91 and a 52-week high of $223.98. The stock has a market cap of $14.56 billion, a P/E ratio of 14.80, a PEG ratio of 4.52 and a beta of 1.15. The stock’s 50-day moving average is $99.14 and its 200 day moving average is $101.37.

Insider Activity at Deckers Outdoor

In other news, insider Angela Ogbechie sold 1,460 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $81.45, for a total value of $118,917.00. Following the completion of the sale, the insider directly owned 34,020 shares in the company, valued at $2,770,929. This represents a 4.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its holdings 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 acquiring an additional 215 shares in the last quarter. Rakuten Securities Inc. boosted its position in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares during the period. MUFG Securities EMEA plc purchased a new stake in shares of Deckers Outdoor in the second quarter worth $46,000. Smartleaf Asset Management LLC raised its position in shares of Deckers Outdoor by 210.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,378 shares of the textile maker’s stock valued at $144,000 after purchasing an additional 934 shares during the period. Finally, New Vernon Capital Holdings II LLC purchased a new position in shares of Deckers Outdoor during the 3rd quarter valued at $161,000. Institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Robert W. Baird downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Zacks Research cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Barclays lowered their price target on Deckers Outdoor from $141.00 to $113.00 and set an “overweight” rating for the company in a research report on Monday, October 27th. Jefferies Financial Group increased their price objective on shares of Deckers Outdoor from $102.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, The Goldman Sachs Group dropped their target price on shares of Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating on the stock in a research note on Friday, October 24th. Two research 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. Based on data from MarketBeat.com, Deckers Outdoor has an average rating of “Hold” and an average target price of $117.74.

About Deckers Outdoor

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.