Deckers Outdoor (NYSE:DECK) Earns In-Line Rating from Evercore ISI

Evercore ISI reissued their in-line rating on shares of Deckers Outdoor (NYSE:DECK) in a research note published on Friday, MarketBeat Ratings reports. Evercore ISI currently has a $110.00 price target on the textile maker’s stock, down from their previous price target of $235.00.

Other analysts also recently issued research reports about the stock. Barclays reissued an “overweight” rating and set a $128.00 price target (down previously from $129.00) on shares of Deckers Outdoor in a research report on Thursday. Jefferies Financial Group raised their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Telsey Advisory Group reissued an “outperform” rating and set a $120.00 price target (down previously from $240.00) on shares of Deckers Outdoor in a research report on Thursday. TD Securities raised their price target on shares of Deckers Outdoor from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Needham & Company LLC set a $150.00 price target on shares of Deckers Outdoor and gave the stock a “buy” rating in a research report on Wednesday. Twelve equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.68.

Deckers Outdoor Stock Down 20.0%

Shares of NYSE:DECK opened at $100.89 on Friday. Deckers Outdoor has a 52-week low of $93.72 and a 52-week high of $223.98. The company has a 50 day moving average of $114.55 and a two-hundred day moving average of $158.10. The company has a market capitalization of $15.31 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, May 22nd. The textile maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.43. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company earned $0.82 earnings per share. Deckers Outdoor’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts anticipate that Deckers Outdoor will post 5.89 earnings per share for the current year.

Deckers Outdoor declared that its Board of Directors has initiated a stock buyback program on Thursday, May 22nd that permits the company to buyback $2.25 billion in outstanding shares. This buyback authorization permits the textile maker to purchase up to 11.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

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

Institutional Investors Weigh In On Deckers Outdoor

A number of hedge funds have recently added to or reduced their stakes in DECK. Mpwm Advisory Solutions LLC bought a new stake in Deckers Outdoor in the fourth quarter valued at $26,000. Headlands Technologies LLC bought a new stake in Deckers Outdoor in the fourth quarter valued at $29,000. Vega Investment Solutions bought a new stake in Deckers Outdoor in the fourth quarter valued at $29,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Deckers Outdoor by 250.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock valued at $34,000 after buying an additional 120 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. bought a new stake in Deckers Outdoor in the first quarter valued at $34,000. 97.79% of the stock is currently owned by institutional investors.

About Deckers Outdoor

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.