Deckers Outdoor (NYSE:DECK) Price Target Raised to $225.00

Deckers Outdoor (NYSE:DECK) had its price target boosted by Robert W. Baird from $195.00 to $225.00 in a research note released on Friday,Benzinga reports. Robert W. Baird currently has an outperform rating on the textile maker’s stock.

Several other research firms have also recently weighed in on DECK. StockNews.com cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Needham & Company LLC raised their price objective on shares of Deckers Outdoor from $218.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday. Truist Financial boosted their price objective on shares of Deckers Outdoor from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Guggenheim initiated coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating on the stock. Finally, Stifel Nicolaus boosted their price objective on shares of Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.59.

Deckers Outdoor Price Performance

Shares of DECK opened at $199.55 on Friday. Deckers Outdoor has a 12 month low of $108.65 and a 12 month high of $207.29. The stock’s 50-day moving average is $172.42 and its two-hundred day moving average is $86.89. The stock has a market cap of $30.32 billion, a PE ratio of 35.07, a P/E/G ratio of 2.86 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the company posted $1.14 EPS. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, research analysts anticipate that Deckers Outdoor will post 5.49 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Angela Ogbechie sold 1,278 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the transaction, the insider now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bonita C. Stewart sold 4,500 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total transaction of $838,935.00. Following the transaction, the director now directly owns 40,733 shares of the company’s stock, valued at $7,593,853.19. The trade was a 9.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,660 shares of company stock worth $12,214,428 in the last three months. 0.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds have recently bought and sold shares of the company. Solstein Capital LLC grew its holdings in Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in Deckers Outdoor by 460.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock worth $27,000 after purchasing an additional 23 shares during the period. Bell Investment Advisors Inc grew its holdings in Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Deckers Outdoor by 2,000.0% in 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. Finally, Crewe Advisors LLC acquired a new stake in Deckers Outdoor in the second quarter worth $34,000. Institutional investors 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.