Deckers Outdoor (NYSE:DECK) Announces Quarterly Earnings Results

Deckers Outdoor (NYSE:DECK) released its quarterly earnings results on Thursday. The textile maker reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates 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 Price Performance

NYSE:DECK traded down $2.60 during trading hours on Friday, hitting $169.59. The stock had a trading volume of 1,124,365 shares, compared to its average volume of 2,865,684. The firm has a market capitalization of $25.76 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 1.85 and a beta of 1.07. The company has a 50 day simple moving average of $204.50 and a two-hundred day simple moving average of $139.96. Deckers Outdoor has a one year low of $131.39 and a one year high of $223.98.

Insider Buying and Selling at Deckers Outdoor

In other news, insider Thomas Garcia sold 18,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total value of $3,155,040.00. Following the completion of the sale, the insider now owns 63,642 shares of the company’s stock, valued at approximately $11,155,169.76. This represents a 22.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the completion of the sale, the director now directly owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. This trade represents a 2.85 % decrease in their position. 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. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DECK shares. Bank of America upped their target price on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Telsey Advisory Group restated an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a research note on Thursday, October 17th. Finally, Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research note on Friday. 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $197.41.

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.