Deckers Outdoor (NYSE:DECK) Trading 13.3% Higher

Deckers Outdoor Corp (NYSE:DECK)’s share price traded up 13.3% during mid-day trading on Monday . The stock traded as high as $138.74 and last traded at $138.36, 500,440 shares traded hands during mid-day trading. A decline of 13% from the average session volume of 574,426 shares. The stock had previously closed at $122.11.

Several research analysts have recently issued reports on the stock. Susquehanna Bancshares decreased their price objective on shares of Deckers Outdoor from $230.00 to $175.00 and set a “positive” rating for the company in a report on Monday. Cfra increased their price objective on shares of Deckers Outdoor from $190.00 to $210.00 and gave the company a “buy” rating in a report on Friday, January 31st. Pivotal Research raised their target price on shares of Deckers Outdoor from $193.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Evercore ISI restated a “hold” rating and set a $175.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Stifel Nicolaus raised their target price on shares of Deckers Outdoor from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Deckers Outdoor presently has a consensus rating of “Buy” and a consensus target price of $192.40.

The company has a current ratio of 2.89, a quick ratio of 2.10 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.42 billion, a PE ratio of 13.84, a P/E/G ratio of 0.75 and a beta of 0.92. The company’s 50-day moving average is $153.24 and its 200 day moving average is $160.92.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, January 30th. The textile maker reported $7.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $6.55 by $0.59. The business had revenue of $938.74 million during the quarter, compared to the consensus estimate of $900.43 million. Deckers Outdoor had a net margin of 13.20% and a return on equity of 27.93%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.59 EPS. On average, research analysts predict that Deckers Outdoor Corp will post 9.49 EPS for the current fiscal year.

In related news, COO David E. Lafitte sold 782 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $193.28, for a total value of $151,144.96. Following the completion of the sale, the chief operating officer now owns 30,055 shares in the company, valued at approximately $5,809,030.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in DECK. Amundi Pioneer Asset Management Inc. purchased a new stake in Deckers Outdoor in the 1st quarter worth approximately $2,940,000. Voya Investment Management LLC increased its stake in shares of Deckers Outdoor by 315.6% during the 3rd quarter. Voya Investment Management LLC now owns 231,121 shares of the textile maker’s stock worth $34,057,000 after purchasing an additional 175,513 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Deckers Outdoor during the 3rd quarter worth $358,000. Stifel Financial Corp increased its stake in shares of Deckers Outdoor by 61.1% during the 3rd quarter. Stifel Financial Corp now owns 78,044 shares of the textile maker’s stock worth $11,523,000 after purchasing an additional 29,606 shares during the last quarter. Finally, Beck Bode LLC increased its stake in shares of Deckers Outdoor by 46.3% during the 3rd quarter. Beck Bode LLC now owns 26,137 shares of the textile maker’s stock worth $3,852,000 after purchasing an additional 8,266 shares during the last quarter. Institutional investors own 96.40% of the company’s stock.

About Deckers Outdoor (NYSE:DECK)

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.

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