Deckers Outdoor (NYSE:DECK) Announces Quarterly Earnings Results

Deckers Outdoor (NYSE:DECK) announced its quarterly earnings results on Thursday. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate of $2.44 by $0.56, Zacks reports. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%.

Deckers Outdoor Stock Performance

NYSE DECK opened at $168.18 on Friday. Deckers Outdoor has a one year low of $131.39 and a one year high of $223.98. The stock has a 50-day moving average of $204.11 and a 200 day moving average of $140.18. The company has a market capitalization of $25.55 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 1.85 and a beta of 1.07.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DECK shares. Telsey Advisory Group restated an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Wells Fargo & Company lowered their target price on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Jefferies Financial Group increased their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Truist Financial dropped their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Needham & Company LLC restated a “buy” rating and set a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Insider Activity

In other news, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the transaction, the insider now owns 63,642 shares of the company’s stock, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anne Spangenberg sold 3,882 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total value of $723,721.26. Following the transaction, the insider now owns 67,434 shares of the company’s stock, valued at approximately $12,571,720.62. This trade represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,956 shares of company stock valued at $10,387,731 in the last 90 days. 0.40% of the stock is currently owned by insiders.

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.