Deckers Outdoor Corp (NYSE: DECK)’s stock price has gone rise by 0.48 in comparison to its previous close of 201.90, however, the company has experienced a 3.25% increase in its stock price over the last five trading days. zacks.com reported 2024-12-02 that Here is how Deckers (DECK) and Sprouts Farmers (SFM) have performed compared to their sector so far this year.
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 35.71x compared to its average ratio, The 36-month beta value for DECK is at 1.09. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 5 rating it as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for DECK is 150.79M, and currently, shorts hold a 2.56% of that float. The average trading volume for DECK on December 04, 2024 was 1.98M shares.
DECK’s Market Performance
DECK’s stock has seen a 3.25% increase for the week, with a 28.30% rise in the past month and a 35.95% gain in the past quarter. The volatility ratio for the week is 2.37%, and the volatility levels for the past 30 days are at 2.70% for Deckers Outdoor Corp The simple moving average for the last 20 days is 11.24% for DECK’s stock, with a simple moving average of 29.38% for the last 200 days.
Analysts’ Opinion of DECK
Many brokerage firms have already submitted their reports for DECK stocks, with Needham repeating the rating for DECK by listing it as a “Buy.” The predicted price for DECK in the upcoming period, according to Needham is $218 based on the research report published on November 22, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see DECK reach a price target of $190, previously predicting the price at $183. The rating they have provided for DECK stocks is “Outperform” according to the report published on October 25th, 2024.
DECK Trading at 20.03% 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 -0.45% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares surge +25.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.55% upper at present.
During the last 5 trading sessions, DECK rose by +3.25%, which changed the moving average for the period of 200-days by +41.05% in comparison to the 20-day moving average, which settled at $182.38. In addition, Deckers Outdoor Corp saw 82.10% 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 32,000 shares at the price of $191.59 back on Nov 22 ’24. After this action, Powers David now owns 0 shares of Deckers Outdoor Corp, valued at $6,130,752 using the latest closing price.
Stewart Bonita C., the Director of Deckers Outdoor Corp, sale 4,500 shares at $186.43 during a trade that took place back on Nov 22 ’24, which means that Stewart Bonita C. is holding 40,733 shares at $838,935 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.
Currently, EBITDA for the company is 1.04 billion with net debt to EBITDA at -0.85. When we switch over and look at the enterprise to sales, we see a ratio of 6.41. The receivables turnover for the company is 7.87for 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
In conclusion, Deckers Outdoor Corp (DECK) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
