Deckers Outdoor (NYSE:DECK) Sets New 12-Month Low – Here’s Why

Deckers Outdoor Co. (NYSE:DECK)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $115.00 and last traded at $115.35, with a volume of 672897 shares changing hands. The stock had previously closed at $117.48.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DECK shares. Bank of America upped their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. KeyCorp upped their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Jefferies Financial Group upped their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Finally, Truist Financial decreased their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Trading Up 0.2 %

The company has a market capitalization of $18.10 billion, a PE ratio of 19.40, a P/E/G ratio of 1.68 and a beta of 1.10. The stock’s fifty day moving average is $165.87 and its two-hundred day moving average is $164.06.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Powers sold 25,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DECK. Mpwm Advisory Solutions LLC bought a new position in Deckers Outdoor during the fourth quarter worth about $26,000. Bell Investment Advisors Inc lifted its holdings in shares of Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after buying an additional 146 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth about $29,000. Vega Investment Solutions purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth about $29,000. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth about $31,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.