Deckers Outdoor (NYSE:DECK) Price Target Raised to $213.00

Deckers Outdoor (NYSE:DECK) had its price target upped by KeyCorp from $190.00 to $213.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the textile maker’s stock.

DECK has been the subject of a number of other reports. Bank of America lifted their target price on Deckers Outdoor from $170.00 to $182.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Evercore ISI lifted their price objective on Deckers Outdoor from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Wells Fargo & Company upped their price objective on shares of Deckers Outdoor from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Guggenheim initiated coverage on shares of Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating on the stock. Finally, Stifel Nicolaus upped their price target on shares of Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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 Friday. The firm has a market capitalization of $30.32 billion, a P/E ratio of 35.07, 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. The firm has a fifty day moving average price of $172.42 and a 200-day moving average price of $86.89.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS 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 business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm earned $1.14 EPS. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. Analysts predict that Deckers Outdoor will post 5.49 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Caroti Stefano sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.73, for a total value of $2,635,950.00. Following the completion of the transaction, the chief executive officer now owns 273,540 shares in the company, valued at $48,069,184.20. This trade represents a 5.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Angela Ogbechie sold 1,278 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the sale, the insider now owns 29,628 shares in the company, valued at approximately $4,836,474.72. The trade was a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,660 shares of company stock worth $12,214,428 in the last ninety days. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently modified their holdings of the company. Chapin Davis Inc. acquired a new position in Deckers Outdoor during the second quarter valued at $3,867,000. Marshall Financial Group LLC acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at about $1,162,000. Diversified Trust Co purchased a new stake in shares of Deckers Outdoor in the second quarter worth about $287,000. Gladius Capital Management LP acquired a new stake in Deckers Outdoor during the second quarter worth about $67,000. Finally, Cordatus Wealth Management LLC acquired a new stake in Deckers Outdoor during the second quarter worth about $453,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

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.