Deckers Outdoor (NYSE:DECK) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Deckers Outdoor Corporation (NYSE:DECK – Get Free Report) passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $82.65 and traded as low as $81.56. Deckers Outdoor shares last traded at $82.0690, with a volume of 2,608,845 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DECK. Evercore cut their price objective on Deckers Outdoor from $108.00 to $90.00 in a report on Friday, October 23rd. Weiss Ratings cut Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 3rd. Truist Financial set a $95.00 target price on shares of Deckers Outdoor and gave the stock a “buy” rating in a report on Friday, October 23rd. Stifel Nicolaus cut their price target on shares of Deckers Outdoor from $133.00 to $113.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Finally, Piper Sandler cut shares of Deckers Outdoor from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $100.00 to $75.00 in a report on Friday, October 23rd. Ten equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Deckers Outdoor has an average rating of “Hold” and a consensus price target of $105.81.

Get Our Latest Stock Report on DECK

Deckers Outdoor Stock Performance

The stock has a market cap of $11.18 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 1.31 and a beta of 1.12. The company has a 50-day simple moving average of $82.65 and a two-hundred day simple moving average of $99.27.

Deckers Outdoor (NYSE:DECK – Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The textile maker reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.52. Deckers Outdoor had a return on equity of 42.42% and a net margin of 19.18%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the business posted $1.82 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts predict that Deckers Outdoor Corporation will post 7.90 earnings per share for the current fiscal year.

Institutional Trading of Deckers Outdoor

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Deckers Outdoor during the second quarter worth $1,343,613,000. Bank of New York Mellon Corp acquired a new position in Deckers Outdoor in the second quarter valued at $170,905,000. Caisse de depot et placement du Quebec acquired a new position in Deckers Outdoor in the second quarter valued at $119,656,000. Deutsche Bank AG acquired a new position in Deckers Outdoor in the second quarter valued at $100,620,000. Finally, Man Group plc bought a new stake in Deckers Outdoor during the second quarter valued at $82,448,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Company Profile

(Get Free Report)

Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.

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