The stock of Deckers Outdoor Corp. (DECK) has seen a 4.36% increase in the past week, with a -1.48% drop in the past month, and a -5.90% decrease in the past quarter. The volatility ratio for the week is 3.09%, and the volatility levels for the past 30 days are at 2.78% for DECK. The simple moving average for the last 20 days is 2.40% for DECK stock, with a simple moving average of 9.30% for the last 200 days.
Is It Worth Investing in Deckers Outdoor Corp. (NYSE: DECK) Right Now?
Deckers Outdoor Corp. (NYSE: DECK) has a price-to-earnings ratio of 30.23x that is above its average ratio. Additionally, the 36-month beta value for DECK is 1.06. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 4 rating it as “overweight,” 10 rating it as “hold,” and 1 rating it as “sell.”
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The public float for DECK is 151.14M and currently, short sellers hold a 3.36% ratio of that float. The average trading volume of DECK on September 18, 2024 was 2.07M shares.
DECK) stock’s latest price update
The stock price of Deckers Outdoor Corp. (NYSE: DECK) has surged by 1.97 when compared to previous closing price of 155.10, but the company has seen a 4.36% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-17 that The uptick in U.S. consumer sentiment sets the stage for Abercrombie & Fitch, Sprouts Farmers, Chewy and Deckers to achieve stellar sales.
Analysts’ Opinion of DECK
Many brokerage firms have already submitted their reports for DECK stocks, with Piper Sandler repeating the rating for DECK by listing it as a “Neutral.” The predicted price for DECK in the upcoming period, according to Piper Sandler is $1000 based on the research report published on August 23, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see DECK reach a price target of $1200, previously predicting the price at $1011. The rating they have provided for DECK stocks is “Buy” according to the report published on May 28th, 2024.
Telsey Advisory Group gave a rating of “Outperform” to DECK, setting the target price at $1100 in the report published on May 24th of the current year.
DECK Trading at 4.35% from the 50-Day Moving Average
After a stumble in the market that brought DECK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.27% of loss for the given period.
Volatility was left at 2.78%, however, over the last 30 days, the volatility rate increased by 3.09%, as shares sank -0.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.83% upper at present.
During the last 5 trading sessions, DECK rose by +4.14%, which changed the moving average for the period of 200-days by +42.61% in comparison to the 20-day moving average, which settled at $154.44. In addition, Deckers Outdoor Corp. saw 41.96% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DECK starting from Powers David, who sale 3,912 shares at the price of $863.08 back on Sep 06 ’24. After this action, Powers David now owns 68,078 shares of Deckers Outdoor Corp., valued at $3,376,369 using the latest closing price.
Ibrahim Maha Saleh, the Director of Deckers Outdoor Corp., sale 50 shares at $865.06 during a trade that took place back on Sep 06 ’24, which means that Ibrahim Maha Saleh is holding 1,689 shares at $43,253 based on the most recent closing price.
Stock Fundamentals for DECK
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.56 for the gross margin
The net margin for Deckers Outdoor Corp. stands at 0.18. The total capital return value is set at 0.41. Equity return is now at value 41.87, with 26.38 for asset returns.
Based on Deckers Outdoor Corp. (DECK), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 3.89. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is 382.08.
Currently, EBITDA for the company is 1.04 billion with net debt to EBITDA at -1.07. When we switch over and look at the enterprise to sales, we see a ratio of 5.16. The receivables turnover for the company is 12.92for trailing twelve months and the total asset turnover is 1.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.86.
Conclusion
In conclusion, Deckers Outdoor Corp. (DECK) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
