Deckers Outdoor’s (DECK) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

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

Other equities research analysts have also recently issued reports about the stock. The Goldman Sachs Group dropped their price target on shares of Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating for the company in a research report on Friday, October 24th. Piper Sandler downgraded shares of Deckers Outdoor from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $100.00 to $85.00 in a report on Wednesday, January 7th. Barclays decreased their price target on Deckers Outdoor from $141.00 to $113.00 and set an “overweight” rating on the stock in a research note on Monday, October 27th. Needham & Company LLC reiterated a “buy” rating on shares of Deckers Outdoor in a report on Thursday, January 8th. Finally, Citigroup reissued a “buy” rating and set a $130.00 target price (up previously from $120.00) on shares of Deckers Outdoor in a research note on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Hold” and a consensus price target of $117.58.

Deckers Outdoor Stock Down 1.7%

Shares of DECK opened at $99.85 on Monday. The firm’s fifty day moving average is $98.11 and its two-hundred day moving average is $101.43. The stock has a market cap of $14.55 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 4.51 and a beta of 1.15. Deckers Outdoor has a 52-week low of $78.91 and a 52-week high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 23rd. The textile maker reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.24. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the firm posted $1.59 earnings per share. Deckers Outdoor’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, research analysts anticipate that Deckers Outdoor will post 5.89 earnings per share for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of Deckers Outdoor stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $81.45, for a total transaction of $118,917.00. Following the transaction, the insider owned 34,020 shares of the company’s stock, valued at $2,770,929. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in shares of Deckers Outdoor by 2.7% in the second quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker’s stock valued at $454,662,000 after buying an additional 114,779 shares during the last quarter. Invesco Ltd. lifted its position in Deckers Outdoor by 19.4% during the 2nd quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock worth $286,660,000 after acquiring an additional 452,081 shares during the period. Norges Bank purchased a new position in shares of Deckers Outdoor in the 2nd quarter valued at approximately $223,036,000. Viking Global Investors LP purchased a new position in shares of Deckers Outdoor in the 3rd quarter valued at approximately $175,058,000. Finally, Northern Trust Corp lifted its holdings in shares of Deckers Outdoor by 3.6% during the third quarter. Northern Trust Corp now owns 1,721,542 shares of the textile maker’s stock worth $174,513,000 after purchasing an additional 60,029 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

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.