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Citigroup upgrades Deckers Outdoor Corp (DECK) rating to a Buy

Deckers Outdoor Corp’s recent filing unveils that its President & CEO Stefano Caroti unloaded Company’s shares for reported $2.97 million on Dec 11 ’24. In the deal valued at $208.34 per share,14,274 shares were sold. As a result of this transaction, Stefano Caroti now holds 259,266 shares worth roughly $ 40.2 million.

Then, Stefano Caroti bought 14,274 shares, generating $2,973,845 in total proceeds.

Before that, Ibrahim Maha Saleh sold 300 shares. Deckers Outdoor Corp shares valued at $60,239 were divested by the Director at a price of $200.80 per share. As a result of the transaction, Ibrahim Maha Saleh now holds 10,222 shares, worth roughly $1.59 million.

Citigroup upgraded its Deckers Outdoor Corp [DECK] rating to a Buy from a a Neutral in a research note published on February 07, 2025; the price target was increased to $215 from $215. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early December has reiterated a ‘”a Buy”‘ rating for it. Needham began covering DECK with “Buy” recommendation on November 22, 2024. Telsey Advisory Group maintained its rating on October 25, 2024. It rated DECK as “an Outperform”.

Price Performance Review of DECK

On Friday, Deckers Outdoor Corp [NYSE:DECK] saw its stock fall -1.92% to $155.07. Over the last five days, the stock has lost -7.83%. Deckers Outdoor Corp shares have fallen nearly -23.64% since the year began. Nevertheless, the stocks have risen 11.20% over the past one year. While a 52-week high of $223.98 was reached on 01/30/25, a 52-week low of $131.39 was recorded on 02/12/25. SMA at 50 days reached $198.62, while 200 days put it at $169.48.

Levels Of Support And Resistance For DECK Stock

The 24-hour chart illustrates a support level at 153.51, which if violated will result in even more drops to 151.96. On the upside, there is a resistance level at 157.31. A further resistance level may holdings at 159.56. The Relative Strength Index (RSI) on the 14-day chart is 26.65, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -21.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.78%. Stochastics %K at 3.17% indicates the stock is a buying.

How much short interest is there in Deckers Outdoor Corp?

A steep rise in short interest was recorded in Deckers Outdoor Corp stocks on 2025-01-31, growing by 0.31 million shares to a total of 3.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 3.2 million shares. There was a rise of 8.95%, which implies that there is a positive sentiment for the stock.

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