Deckers Outdoor (DECK) Hits New 1-Year High and Low at $121.40

Deckers Outdoor Corp (NYSE:DECK) hit a new 52-week high and low on Thursday . The company traded as low as $121.40 and last traded at $119.60, with a volume of 10941 shares traded. The stock had previously closed at $120.68.

A number of brokerages recently weighed in on DECK. ValuEngine upgraded Deckers Outdoor from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 29th. Telsey Advisory Group restated an “outperform” rating and set a $115.00 price objective (up from $101.00) on shares of Deckers Outdoor in a research note on Friday, June 1st. Pivotal Research set a $112.00 price objective on Deckers Outdoor and gave the stock a “hold” rating in a research note on Monday, May 28th. Citigroup upped their price objective on Deckers Outdoor from $100.00 to $111.00 and gave the stock a “neutral” rating in a research note on Thursday, May 31st. Finally, Stifel Nicolaus upped their price objective on Deckers Outdoor from $107.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $98.23.

The company has a quick ratio of 3.23, a current ratio of 4.81 and a debt-to-equity ratio of 0.03. The company has a market cap of $3.63 billion, a P/E ratio of 20.78, a PEG ratio of 1.57 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, May 24th. The textile maker reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.31. Deckers Outdoor had a return on equity of 19.05% and a net margin of 6.01%. The company had revenue of $400.70 million during the quarter, compared to analysts’ expectations of $376.16 million. During the same period last year, the business posted ($0.11) earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. analysts expect that Deckers Outdoor Corp will post 6.35 EPS for the current fiscal year.

In other news, CFO Thomas George sold 11,000 shares of the stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $107.83, for a total value of $1,186,130.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO David E. Lafitte sold 750 shares of the stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $109.72, for a total value of $82,290.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,950 shares of company stock valued at $1,378,688. 1.90% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Optimum Investment Advisors acquired a new position in shares of Deckers Outdoor in the first quarter valued at about $101,000. First Interstate Bank increased its holdings in shares of Deckers Outdoor by 409.4% in the fourth quarter. First Interstate Bank now owns 1,406 shares of the textile maker’s stock valued at $113,000 after purchasing an additional 1,130 shares during the period. Captrust Financial Advisors acquired a new position in shares of Deckers Outdoor in the fourth quarter valued at about $141,000. Itau Unibanco Holding S.A. acquired a new position in shares of Deckers Outdoor in the fourth quarter valued at about $164,000. Finally, Pinnacle Financial Partners Inc. acquired a new position in shares of Deckers Outdoor in the first quarter valued at about $181,000.

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. It offers premium footwear under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and sidewalk surfers shoe, and yoga mat and beer cozy sandal collections under the Sanuk brand name.

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