Bank of America Boosts Deckers Outdoor (NYSE:DECK) Price Target to $217.00

Deckers Outdoor (NYSE:DECK) had its target price hoisted by equities researchers at Bank of America from $182.00 to $217.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. Bank of America‘s price target points to a potential upside of 0.05% from the company’s current price.

A number of other research firms have also recently commented on DECK. Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a research note on Thursday, October 17th. BTIG Research cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on shares of Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Evercore ISI boosted their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Finally, Guggenheim initiated coverage on shares of Deckers Outdoor in a research report on Wednesday, October 9th. They issued a “neutral” rating for the company. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.20.

Deckers Outdoor Trading Down 0.8 %

DECK stock opened at $216.90 on Thursday. Deckers Outdoor has a 12 month low of $125.15 and a 12 month high of $218.92. The company has a 50-day moving average price of $203.00 and a 200 day moving average price of $129.71. The stock has a market cap of $32.95 billion, a PE ratio of 38.14, a P/E/G ratio of 2.98 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last released its quarterly 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 firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the company earned $1.14 EPS. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. Sell-side analysts forecast that Deckers Outdoor will post 5.56 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Steven J. Fasching sold 8,802 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.00, for a total value of $1,540,350.00. Following the sale, the chief financial officer now directly owns 153,036 shares of the company’s stock, valued at $26,781,300. This represents a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,036 shares of company stock valued at $13,715,482. Insiders own 0.40% of the company’s stock.

Institutional Trading of Deckers Outdoor

Several large investors have recently made changes to their positions in DECK. Solstein Capital LLC boosted its holdings in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Bell Investment Advisors Inc boosted its holdings in shares of Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 146 shares during the last quarter. Global Trust Asset Management LLC purchased a new stake in Deckers Outdoor during the fourth quarter worth $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings 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 buying an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after buying an additional 175 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

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.