On Jan. 06, Powers David divested U.S. $3,517,981 in shares of Deckers Outdoor Corporation. The Pres,amp; CEO sold 11,348 shares at a price per share of $310.01. The transaction decreased this specific insider’s holdings to 79,436 shares worth around $24.98 million at present.
Raymond James launched its Deckers Outdoor Corporation [DECK] rating to the equivalent of a Mkt perform, in a research note dated December 11, 2020. Some new analysts also started their coverage, with Raymond James’s analysts assigning the shares to “a Mkt perform” rating in a research note to investors issued in mid December. Meanwhile, Telsey Advisory Group had maintained its rating on DECK to the earlier “an Outperform” rating, in a research note produced for clients October 30, 2020. In addition, there was no change from Pivotal Research Group on October 30, 2020. The rater maintained DECK to “a Buy” but assigned new target price of $300.
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Is Deckers Outdoor Corporation [NYSE:DECK] a Good Buy Right Now?
It should be noted that DECK technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 88% Buy in the last week and compares with 100% Buy in the past month. Data from Deckers Outdoor Corporation’s Trend Spotter indicated that the signals were Weakening. The stock current average is 0.31 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.37 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.36 million shares.
DECK Price Performance
On Wall Street, Deckers Outdoor Corporation [NYSE:DECK] finished Friday’s session down -0.77% at $314.43. The stock went up to $320.30 at the same session while its lowest single day price was $311.07. In the last five days, it saw a rise of about 9.64%, Deckers Outdoor Corporation shares gained by almost 9.64% since the beginning of the year. However, the share price has dropped to as low as -1.08% below its one year high. On 01/08/21, the company shares recorded $320.30, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $279.36. The company’s shares have inclined by 85.73% in the past year. The 50-day SMA achieved is $276.04 while the 200-day SMA is $213.94. Volume gained to 0.44 million from 0.27 million in the previous session.
Deckers Outdoor Corporation [DECK] Valuation Measures
Notably, Deckers Outdoor Corporation [DECK] stock cannot be classified as a good candidate in the listing of underestimated low-priced Footwear & Accessories companies to purchase soonest possible with the prevailing 12-month PE ratio of 28.36. The measure means the stock is exchanging at a premium as compared to the 19.08x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 4.01 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 0.77 which means DECK serve an unattractive investment opportunity compared to its competitors.
DECK Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 310.23 level, and in case of violation of this particular level, it will cause more drop to 306.04 level. On the upper level, 324.50 is still the key resistance. The stock may increase to the subsequent resistance at 319.46. The Relative Strength Index (RSI) pinned on the 14-day chart is 67.97, implying a neutral technical stance while the MACD stands at 18.18, meaning price will increase in the next trading period. Percent R indicator moved to 14.34%, implying bullish price movement. Stochastic %K at 92.56% suggest selling the stock.
What is the short interest in Deckers Outdoor Corporation?
Short interest in the Deckers Outdoor Corporation stock has plunged, decreasing by -0.18 million shares to total 1.35 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.17 million, data from Yahoo Finance shows. The increase of 13.33% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 7.21% of the overall float for the stock.
Deckers Outdoor Corporation’s Biggest Shareholders: Who Owns Deckers Outdoor Corporation [DECK]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 2,841,738 shares or roughly 10.12% of the outstanding DECK shares. This means their shares have reduced by -66,416 from the 2,841,738 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Fidelity Management & Research Co updated stake is worth $711,616,729. Details in the latest 13F filings reveal that The Vanguard Group, Inc. disposed off their -5.01% stake valued at $618,118,806 while Wellington Management Co. LLP cut theirs at $250,850,073. During the last quarter, The Vanguard Group, Inc. liquidated -128,123 of its shares in Deckers Outdoor Corporation while Wellington Management Co. LLP sold -230,976 shares. The SSgA Funds Management, Inc.’s holdings currently number 860,946 shares at $270707250.78. According to the firm’s last 13F report, AllianceBernstein LP shares in the company at filing stood at 774,534 shares, roughly $197,188,611.
DECK Earnings Forecast For The Current Quarter
Deckers Outdoor Corporation [DECK] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $943.19M and an earnings per share of $6.84 for Dec 2020. Looking further ahead, the company is expected to report revenue of $420.4M at an EPS of $0.79 for Mar 2021. The estimates represent 12.60% and 17.97% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
DECK Earnings Estimates For The Current Year
For the financial year, Deckers Outdoor Corporation [NYSE:DECK] is expected to bring in revenue of $2.28B. The returns are nearly $150.0 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 10.97, higher than that of FY20 by $1.35. Estimates put this year’s earnings growth at 14.00%, 18.00% for the next, and at an annual 16.30% over the next 5-year period. As for sales, forecasts are for an increase of 6.80% in the current fiscal year and a further 12.60% over the following year.
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What are analyst thoughts on Deckers Outdoor Corporation?
Looking forward to the Deckers Outdoor Corporation share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Deckers Outdoor Corporation stock at $305.00 within the next 12 months, which represents almost -3.09 per cent growth from its previous closing price of $314.43. The highest analysts’ target for Deckers Outdoor Corporation stock projections is $346.00 and the lowest one is $260.00. Still, 13 analysts sharing their consensus rating for DECK stock in 2021 agree that it is a Buy.