Truist Financial Cuts Deckers Outdoor (NYSE:DECK) Price Target to $225.00

Deckers Outdoor (NYSE:DECK) had its target price lowered by Truist Financial from $235.00 to $225.00 in a report released on Friday,Benzinga reports. The firm currently has a buy rating on the textile maker’s stock.

Several other brokerages also recently commented on DECK. Jefferies Financial Group increased their price target on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. 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 report on Thursday, January 23rd. KeyCorp raised their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Seaport Res Ptn downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Finally, Barclays raised their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $177.85 on Friday. Deckers Outdoor has a 52 week low of $125.15 and a 52 week high of $223.98. The stock’s 50 day moving average price is $205.90 and its 200 day moving average price is $137.68. The company has a market capitalization of $27.02 billion, a P/E ratio of 31.27, a P/E/G ratio of 2.41 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. As a group, sell-side analysts forecast that Deckers Outdoor will post 5.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In related news, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the completion of the transaction, the insider now directly owns 63,642 shares of the company’s stock, valued at $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Caroti Stefano sold 15,000 shares of Deckers Outdoor stock in a transaction dated Tuesday, November 19th. The shares were 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 directly owns 273,540 shares of the company’s stock, valued at $48,069,184.20. This represents a 5.20 % 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 currently owned by company insiders.

Institutional Trading of Deckers Outdoor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position in Deckers Outdoor by 2.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock worth $889,000 after purchasing an additional 23 shares during the period. Resonant Capital Advisors LLC increased its position in Deckers Outdoor by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock worth $489,000 after purchasing an additional 52 shares during the period. Bleakley Financial Group LLC increased its position in Deckers Outdoor by 3.9% in the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock worth $293,000 after purchasing an additional 54 shares during the period. Mather Group LLC. increased its position in Deckers Outdoor by 2.6% in the fourth quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock worth $521,000 after purchasing an additional 64 shares during the period. Finally, WD Rutherford LLC increased its position in Deckers Outdoor by 4.8% in the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock worth $352,000 after purchasing an additional 79 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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.