In yesterday’s Wall Street session, Deckers Outdoor Corp. (NYSE:DECK) shares traded at $1008.39, down -0.89% from the previous session.
DECK stock price is now 10.13% away from the 50-day moving average and 34.10% away from the 200-day moving average. The market capitalization of the company currently stands at $25.65B.
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With the price target enhanced from $1011 to $1200, Truist Upgraded its rating from Hold to Buy for Deckers Outdoor Corp. (NYSE: DECK). On May 24, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $985 to quote $1100, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, Powers David, President & CEO sold 10,955 shares of the company’s stock on Jun 06 ’24. The stock was sold for $11,902,608 at an average price of $1086.50. Upon completion of the transaction, the President & CEO now directly owns 76,006 shares in the company, valued at $76.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06 ’24, Chief Commercial Officer Stefano Caroti sold 5,000 shares of the business’s stock. A total of $5,398,700 was realized by selling the stock at an average price of $1079.74. This leaves the insider owning 39,926 shares of the company worth $40.26 million. A total of 0.82% of the company’s stock is owned by insiders.
During the past 12 months, Deckers Outdoor Corp. has had a low of $484.02 and a high of $1106.89. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 3.39, and a quick ratio of 2.73. According to the stock market information, the enterprise value for the company is $24420786176, which is based on a 34.43 price-to-earnings ratio, a 3.39 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for DECK is $918.0584 and a two-hundred day moving average price translates $754.3729 for the stock.
The latest earnings results from Deckers Outdoor Corp. (NYSE: DECK) was released for 2024-03-31. According to the Footwear & Accessories Company, earnings per share came in at 2.41, beating analysts’ expectations of 2.22 by 0.19. This compares to $3.42 EPS in the same period last year. The net profit margin was 17.70% and return on equity was 39.22% for DECK. The company reported revenue of $959.76 million for the quarter, compared to $791.57 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.25 percent. For the current quarter, analysts expect DECK to generate $804.51M in revenue.
