Deckers Outdoor (NYSE:DECK) Price Target Raised to $284.00

Deckers Outdoor (NYSE:DECK) had its target price raised by UBS Group from $267.00 to $284.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the textile maker’s stock.

Several other analysts have also issued reports on the company. Stifel Nicolaus increased their target price on Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a report on Friday. Evercore ISI increased their target price on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. TD Cowen increased their target price on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a report on Friday. Finally, Jefferies Financial Group upped their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $177.85 on Friday. The stock’s fifty day moving average price is $205.90 and its two-hundred day moving average price is $137.68. Deckers Outdoor has a one year low of $125.15 and a one year high of $223.98. The firm has a market cap of $27.02 billion, a price-to-earnings ratio of 31.27, a P/E/G ratio of 2.41 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. On average, equities analysts anticipate that Deckers Outdoor will post 5.62 earnings per share for the current fiscal year.

Insider Activity at Deckers Outdoor

In other news, insider Anne Spangenberg sold 3,882 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $186.43, for a total value of $723,721.26. Following the completion of the transaction, the insider now directly owns 67,434 shares of the company’s stock, valued at $12,571,720.62. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,758 shares of company stock valued at $13,506,861. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Deckers Outdoor

Several large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after purchasing an additional 1,170,855 shares in the last quarter. City Center Advisors LLC purchased a new stake in Deckers Outdoor during the fourth quarter valued at about $575,000. B. Riley Wealth Advisors Inc. raised its position in Deckers Outdoor by 506.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock valued at $1,060,000 after purchasing an additional 5,574 shares in the last quarter. Principal Financial Group Inc. raised its position in Deckers Outdoor by 512.9% during the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock valued at $63,371,000 after purchasing an additional 332,590 shares in the last quarter. Finally, Cadent Capital Advisors LLC raised its position in Deckers Outdoor by 116.8% during the fourth quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock valued at $1,316,000 after purchasing an additional 3,491 shares in the last quarter. 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.