Wells Fargo analyst Ike Boruchow maintained a Hold rating on Deckers Outdoor (DECK – Research Report) yesterday and set a price target of $775.00. The company’s shares closed yesterday at $851.71.
Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Tapestry, Nike, and Gap. According to TipRanks, Boruchow has an average return of -4.1% and a 42.07% success rate on recommended stocks.
In addition to Wells Fargo, Deckers Outdoor also received a Hold from Bank of America Securities’s Christopher Nardone in a report issued today. However, on April 18, TD Cowen maintained a Buy rating on Deckers Outdoor (NYSE: DECK).
Based on Deckers Outdoor’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.09 billion and a net profit of $178.55 million. In comparison, last year the company earned a revenue of $875.61 million and had a net profit of $101.52 million
Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DECK in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Deckers Outdoor (DECK) Company Description:
Deckers Outdoor Corp. engages in the business of designing, marketing, and distributing footwear, apparel, and accessories developed for both everyday casual lifestyle use and high performance activities. It operates through the following segments: UGG Brand, HOKA Brand, Teva Brand, Sanuk Brand, Other Brands, and Direct-to-Consumer. The UGG Brand segment offers a line of premium footwear, apparel, and accessories. The HOKA Brand segment sells footwear and apparel that offers enhanced cushioning and inherent stability with minimal weight, originally designed for ultra-runners. The Teva Brand segment focuses on the sport sandal and modern outdoor lifestyle category, such as sandals, shoes, and boots. The Sanuk Brand segment originated in Southern California surf culture and has emerged into a lifestyle brand with a presence in the relaxed casual shoe and sandal categories. The Other Brands segment includes the Koolaburra by UGG brand. The Direct-to-Consumer segment comprises of retail stores and e-commerce websites. The company was founded by Douglas B. Otto in 1973 and is headquartered in Goleta, CA.
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