Deckers Outdoor (NYSE:DECK) Hits New 52-Week High After Analyst Upgrade

Deckers Outdoor Co. (NYSE:DECK) shares reached a new 52-week high during mid-day trading on Wednesday after Jefferies Financial Group raised their price target on the stock from $180.00 to $200.00. Jefferies Financial Group currently has a hold rating on the stock. Deckers Outdoor traded as high as $219.82 and last traded at $218.72, with a volume of 211600 shares. The stock had previously closed at $215.92.

DECK has been the topic of a number of other research reports. Needham & Company LLC increased their price target on Deckers Outdoor from $226.00 to $246.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Robert W. Baird increased their price target on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. KeyCorp increased their price target on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Bank of America increased their price target on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Finally, Truist Financial increased their price objective on Deckers Outdoor from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $183.19.

Insider Buying and Selling at Deckers Outdoor

In other news, CFO Steven J. Fasching sold 8,802 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $175.00, for a total value of $1,540,350.00. Following the completion of the sale, the chief financial officer now directly owns 153,036 shares of the company’s stock, valued at $26,781,300. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the transaction, the director now directly owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,758 shares of company stock worth $13,506,861. 0.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Deckers Outdoor

A number of institutional investors have recently made changes to their positions in DECK. Avestar Capital LLC acquired a new position in Deckers Outdoor in the fourth quarter valued at $204,000. Van ECK Associates Corp increased its stake in Deckers Outdoor by 4.4% in the fourth quarter. Van ECK Associates Corp now owns 41,338 shares of the textile maker’s stock valued at $8,395,000 after purchasing an additional 1,752 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Deckers Outdoor by 109.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock valued at $91,965,000 after purchasing an additional 235,091 shares during the last quarter. L. Roy Papp & Associates LLP acquired a new position in Deckers Outdoor in the fourth quarter valued at $232,000. Finally, JSF Financial LLC increased its stake in Deckers Outdoor by 3.4% in the fourth quarter. JSF Financial LLC now owns 6,262 shares of the textile maker’s stock valued at $1,272,000 after purchasing an additional 208 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Up 1.5 %

The stock has a market capitalization of $33.30 billion, a price-to-earnings ratio of 38.55, a price-to-earnings-growth ratio of 2.98 and a beta of 1.08. The company has a 50 day moving average of $205.36 and a 200 day moving average of $134.43.

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.