Deckers Outdoor (NYSE:DECK) Coverage Initiated at Needham & Company LLC

Research analysts at Needham & Company LLC started coverage on shares of Deckers Outdoor (NYSE:DECK) in a research report issued on Friday, Marketbeat Ratings reports. The firm set a “buy” rating and a $218.00 price target on the textile maker’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 13.45% from the company’s current price.

A number of other equities analysts have also recently weighed in on DECK. Piper Sandler set a $166.00 price target on Deckers Outdoor in a research note on Thursday, October 17th. UBS Group boosted their price target on shares of Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a report on Friday, October 25th. BTIG Research lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on shares of Deckers Outdoor from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Robert W. Baird increased their target price on Deckers Outdoor from $180.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and an average price target of $153.53.

Deckers Outdoor Trading Up 5.6 %

NYSE:DECK opened at $192.15 on Friday. The company has a 50-day moving average of $163.85 and a 200-day moving average of $73.97. Deckers Outdoor has a twelve month low of $105.10 and a twelve month high of $193.33. The firm has a market cap of $29.19 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 2.55 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 analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm posted $1.14 earnings per share. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, research analysts forecast that Deckers Outdoor will post 5.48 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the completion of the sale, the chief financial officer now owns 161,838 shares of the company’s stock, valued at $26,973,539.46. This represents a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Powers sold 140,832 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $23.97, for a total value of $3,376,368.96. Following the transaction, the director now owns 2,450,808 shares in the company, valued at approximately $58,756,760.24. This trade represents a 5.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 202,110 shares of company stock worth $14,028,140 in the last 90 days. 0.40% of the stock is owned by insiders.

Institutional Trading of Deckers Outdoor

Institutional investors and hedge funds have recently modified their holdings of the company. ClariVest Asset Management LLC grew its holdings in Deckers Outdoor by 0.4% in the 2nd quarter. ClariVest Asset Management LLC now owns 3,474 shares of the textile maker’s stock valued at $3,363,000 after buying an additional 14 shares during the last quarter. U S Global Investors Inc. increased its position in Deckers Outdoor by 1.5% during the second quarter. U S Global Investors Inc. now owns 995 shares of the textile maker’s stock worth $963,000 after acquiring an additional 15 shares during the period. Arkadios Wealth Advisors raised its stake in Deckers Outdoor by 1.4% during the 2nd quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker’s stock valued at $1,298,000 after purchasing an additional 19 shares during the last quarter. Sunbelt Securities Inc. raised its stake in Deckers Outdoor by 7.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock valued at $264,000 after purchasing an additional 19 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Deckers Outdoor by 5.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker’s stock valued at $393,000 after purchasing an additional 20 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Company Profile

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.