Needham & Company LLC Issues Positive Forecast for Deckers Outdoor (NYSE:DECK) Stock Price

Deckers Outdoor (NYSE:DECK) had its target price boosted by Needham & Company LLC from $226.00 to $246.00 in a research note issued to investors on Monday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the textile maker’s stock.

Several other research firms also recently issued reports on DECK. TD Cowen lifted their price target on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. UBS Group boosted their target price on shares of Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus raised their price target on shares of Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Seaport Res Ptn lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Finally, KeyCorp raised their target price on shares of Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $159.76.

Deckers Outdoor Stock Up 0.5 %

Shares of NYSE DECK opened at $208.20 on Monday. The business has a 50-day moving average price of $191.89 and a 200 day moving average price of $113.11. The stock has a market cap of $31.63 billion, a PE ratio of 36.61, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08. Deckers Outdoor has a 52-week low of $110.00 and a 52-week high of $214.70.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. Deckers Outdoor’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 earnings per share. Sell-side analysts anticipate that Deckers Outdoor will post 5.49 earnings per share for the current year.

Insider Activity

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated 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 $2,052,577.60. This trade represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Angela Ogbechie sold 1,278 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the sale, the insider now directly owns 29,628 shares of the company’s stock, valued at $4,836,474.72. The trade was a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,036 shares of company stock valued at $13,715,482 in the last three months. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds have recently modified their holdings of the stock. FMR LLC grew its stake in shares of Deckers Outdoor by 499.2% during the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after acquiring an additional 19,053,113 shares in the last quarter. State Street Corp boosted its holdings in Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after purchasing an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC grew its stake in Deckers Outdoor by 509.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after purchasing an additional 3,393,420 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after purchasing an additional 1,170,855 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Deckers Outdoor by 529.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock valued at $203,674,000 after purchasing an additional 1,074,263 shares in the last quarter. 97.79% of the stock is currently 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.