Deckers Outdoor (NYSE:DECK) PT Raised to $232.00

Deckers Outdoor (NYSE:DECK) had its price target boosted by stock analysts at UBS Group from $226.00 to $232.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. UBS Group’s price objective indicates a potential upside of 38.00% from the company’s previous close.

DECK has been the subject of a number of other reports. Truist Financial lifted their target price on shares of Deckers Outdoor from $204.17 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Stifel Nicolaus lifted their price objective on shares of Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research note on Friday. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a research report on Thursday, October 17th. BTIG Research cut Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Guggenheim began coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They set a “neutral” rating for the company. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $149.50.

Deckers Outdoor Trading Up 10.6 %

NYSE DECK opened at $168.11 on Friday. Deckers Outdoor has a 1-year low of $80.67 and a 1-year high of $184.48. The firm’s fifty day simple moving average is $105.11 and its 200-day simple moving average is $53.38. The company has a market capitalization of $4.28 billion, a PE ratio of 5.74, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.35. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The business’s revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. As a group, analysts predict that Deckers Outdoor will post 5.22 EPS for the current year.

Insider Activity at Deckers Outdoor

In other news, CFO Steven J. Fasching sold 9,198 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the transaction, the chief financial officer now owns 161,838 shares in the company, valued at approximately $26,973,539.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director David Powers sold 140,832 shares of Deckers Outdoor stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the sale, the director now owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven J. Fasching sold 9,198 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the transaction, the chief financial officer now owns 161,838 shares of the company’s stock, valued at $26,973,539.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Deckers Outdoor by 460.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 23 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the period. Crewe Advisors LLC acquired a new stake in Deckers Outdoor during the second quarter valued at approximately $34,000. GHP Investment Advisors Inc. bought a new stake in shares of Deckers Outdoor in the 3rd quarter valued at approximately $36,000. Finally, Salomon & Ludwin LLC raised its holdings in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 246 shares of the textile maker’s stock worth $39,000 after buying an additional 205 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

About Deckers Outdoor

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.