Deckers Outdoor (NYSE:DECK) Price Target Raised to $226.00

Deckers Outdoor (NYSE:DECK) had its price target hoisted by Needham & Company LLC from $218.00 to $226.00 in a research note published on Thursday, MarketBeat Ratings reports. They currently have a buy rating on the textile maker’s stock.

A number of other equities analysts also recently commented on DECK. Seaport Res Ptn downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Robert W. Baird boosted their price target on Deckers Outdoor from $180.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Guggenheim started coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating on the stock. Evercore ISI boosted their target price on shares of Deckers Outdoor from $185.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Bank of America raised their price target on shares of Deckers Outdoor from $170.00 to $182.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $158.59.

Deckers Outdoor Trading Down 0.7 %

Shares of DECK opened at $199.55 on Thursday. The firm has a fifty day moving average price of $172.42 and a 200-day moving average price of $86.46. The firm has a market capitalization of $30.32 billion, a P/E ratio of 35.09, a P/E/G ratio of 2.86 and a beta of 1.08. Deckers Outdoor has a 12-month low of $108.65 and a 12-month high of $207.29.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. Analysts predict that Deckers Outdoor will post 5.49 earnings per share for the current year.

Insider Activity

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,278 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total value of $208,620.72. Following the sale, the insider now directly owns 29,628 shares of the company’s stock, valued at approximately $4,836,474.72. This trade represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bonita C. Stewart sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $186.43, for a total value of $838,935.00. Following the transaction, the director now directly owns 40,733 shares of the company’s stock, valued at approximately $7,593,853.19. The trade was a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,660 shares of company stock valued at $12,214,428 in the last three months. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Deckers Outdoor by 499.2% during the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock worth $3,646,539,000 after buying an additional 19,053,113 shares in the last quarter. State Street Corp increased its position in shares of Deckers Outdoor by 513.8% during the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after purchasing an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC raised its stake in Deckers Outdoor by 509.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after purchasing an additional 3,393,420 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Deckers Outdoor by 529.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock valued at $203,674,000 after purchasing an additional 1,074,263 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Deckers Outdoor by 904.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,011,073 shares of the textile maker’s stock worth $161,216,000 after purchasing an additional 910,430 shares during the last quarter. Hedge funds and other 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.