Deckers Outdoor Corp (NYSE: DECK)’s stock price has soared by 0.67 in relation to previous closing price of 163.67. Nevertheless, the company has seen a loss of -2.80% in its stock price over the last five trading days. investors.com reported 2024-11-04 that Mutual funds have loaded up on Palantir Technologies as well as more defensive names including Walmart and a uniform rental stock. The post Funds Gobble Up Palantir Ahead Of Earnings; Deckers Shares Also See Demand appeared first on Investor’s Business Daily.
Is It Worth Investing in Deckers Outdoor Corp (NYSE: DECK) Right Now?
Deckers Outdoor Corp (NYSE: DECK) has a higher price-to-earnings ratio of 29.00x compared to its average ratio. DECK has 36-month beta value of 1.05. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 4 as “overweight,” 10 as “hold,” and 1 as “sell.”
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The public float for DECK is 150.58M, and currently, short sellers hold a 3.10% ratio of that float. The average trading volume of DECK on November 07, 2024 was 1.92M shares.
DECK’s Market Performance
DECK’s stock has seen a -2.80% decrease for the week, with a 1.75% rise in the past month and a 11.84% gain in the past quarter. The volatility ratio for the week is 3.43%, and the volatility levels for the past 30 days are at 2.83% for Deckers Outdoor Corp. The simple moving average for the past 20 days is 2.07% for DECK’s stock, with a 8.09% simple moving average for the past 200 days.
Analysts’ Opinion of DECK
Many brokerage firms have already submitted their reports for DECK stocks, with Telsey Advisory Group repeating the rating for DECK by listing it as a “Outperform.” The predicted price for DECK in the upcoming period, according to Telsey Advisory Group is $190 based on the research report published on October 25, 2024 of the current year 2024.
DECK Trading at 4.56% 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 -10.69% of loss for the given period.
Volatility was left at 2.83%, however, over the last 30 days, the volatility rate increased by 3.43%, as shares surge +2.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.76% upper at present.
During the last 5 trading sessions, DECK fell by -2.80%, which changed the moving average for the period of 200-days by +31.09% in comparison to the 20-day moving average, which settled at $161.43. In addition, Deckers Outdoor Corp saw 47.90% 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 Ogbechie Angela, who sale 1,278 shares at the price of $163.24 back on Oct 31 ’24. After this action, Ogbechie Angela now owns 29,628 shares of Deckers Outdoor Corp, valued at $208,617 using the latest closing price.
Ogbechie Angela, the Officer of Deckers Outdoor Corp, proposed sale 1,278 shares at $168.65 during a trade that took place back on Oct 31 ’24, which means that Ogbechie Angela is holding shares at $215,534 based on the most recent closing price.
Stock Fundamentals for DECK
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.57 for the gross margin
The net margin for Deckers Outdoor Corp stands at 0.19. The total capital return value is set at 0.42. Equity return is now at value 43.57, with 28.03 for asset returns.
Based on Deckers Outdoor Corp (DECK), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 3.61. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is 391.96.
Currently, EBITDA for the company is 1.04 billion with net debt to EBITDA at -1.01. When we switch over and look at the enterprise to sales, we see a ratio of 5.12. The receivables turnover for the company is 8.67for trailing twelve months and the total asset turnover is 1.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.08.
Conclusion
To put it simply, Deckers Outdoor Corp (DECK) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
