Deckers Outdoor (NYSE:DECK) Upgraded at Citigroup

Citigroup upgraded shares of Deckers Outdoor (NYSE:DECKFree Report) from a neutral rating to a buy rating in a report issued on Friday, Marketbeat reports. Citigroup currently has $215.00 price objective on the textile maker’s stock.

A number of other equities research analysts have also recently issued reports on DECK. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. UBS Group raised their target price on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Barclays upped their target price on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Needham & Company LLC reissued a “buy” rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, KeyCorp boosted their target price on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Check Out Our Latest Research Report on DECK

Deckers Outdoor Stock Down 2.3 %

DECK opened at $168.18 on Friday. The stock has a market cap of $25.52 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 1.93 and a beta of 1.07. Deckers Outdoor has a 12-month low of $131.39 and a 12-month high of $223.98. The business has a 50 day moving average of $203.55 and a 200-day moving average of $142.83.

Deckers Outdoor (NYSE:DECKGet Free Report) last released its quarterly earnings data 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 net margin of 19.14% and a return on equity of 41.71%. As a group, analysts expect that Deckers Outdoor will post 5.89 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In related news, CEO Caroti Stefano sold 15,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total transaction of $2,635,950.00. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Garcia sold 18,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the transaction, the insider now owns 63,642 shares in the company, valued at $11,155,169.76. This represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,956 shares of company stock worth $10,387,731 over the last ninety days. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. AMF Tjanstepension AB lifted its stake in Deckers Outdoor by 495.7% during the 3rd quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock valued at $151,924,000 after acquiring an additional 792,849 shares in the last quarter. Czech National Bank lifted its position in shares of Deckers Outdoor by 535.0% during the third quarter. Czech National Bank now owns 31,058 shares of the textile maker’s stock valued at $4,952,000 after purchasing an additional 26,167 shares in the last quarter. Diversified Trust Co boosted its holdings in Deckers Outdoor by 441.4% during the third quarter. Diversified Trust Co now owns 1,608 shares of the textile maker’s stock worth $256,000 after purchasing an additional 1,311 shares during the last quarter. Mather Group LLC. grew its position in Deckers Outdoor by 548.4% in the 3rd quarter. Mather Group LLC. now owns 2,503 shares of the textile maker’s stock worth $399,000 after purchasing an additional 2,117 shares in the last quarter. Finally, Atomi Financial Group Inc. purchased a new stake in Deckers Outdoor in the 3rd quarter valued at about $201,000. 97.79% of the stock is owned by institutional investors.

About Deckers Outdoor

(Get Free Report)

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.

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Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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