Jefferies Financial Group Increases Deckers Outdoor (NYSE:DECK) Price Target to $200.00

Deckers Outdoor (NYSE:DECK) had its price target lifted by equities research analysts at Jefferies Financial Group from $180.00 to $200.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the textile maker’s stock. Jefferies Financial Group’s target price suggests a potential downside of 8.77% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Barclays raised their target price on shares of Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Seaport Res Ptn lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Stifel Nicolaus boosted their target price on shares of Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research note on Friday, October 25th. TD Cowen raised their target price on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Citigroup upped their price target on Deckers Outdoor from $178.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $183.19.

Deckers Outdoor Stock Up 1.5 %

Shares of NYSE DECK opened at $219.22 on Tuesday. Deckers Outdoor has a 12 month low of $125.15 and a 12 month high of $222.05. The company has a market cap of $33.30 billion, a price-to-earnings ratio of 38.55, a P/E/G ratio of 2.98 and a beta of 1.08. The business has a fifty day simple moving average of $205.36 and a 200-day simple moving average of $134.43.

Insiders Place Their Bets

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the transaction, the chief executive officer now owns 259,266 shares in the company, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Steven J. Fasching sold 8,802 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the completion of the sale, the chief financial officer now owns 153,036 shares of the company’s stock, valued at $26,781,300. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,758 shares of company stock valued at $13,506,861 over the last three months. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of hedge funds have recently bought and sold shares of DECK. JPMorgan Chase & Co. increased 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 worth $206,790,000 after acquiring an additional 1,170,855 shares during the period. City Center Advisors LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth about $575,000. B. Riley Wealth Advisors Inc. raised its position in shares of 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 buying an additional 5,574 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Deckers Outdoor by 512.9% in the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock valued at $63,371,000 after buying an additional 332,590 shares during the period. Finally, Cadent Capital Advisors LLC grew 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 worth $1,316,000 after buying an additional 3,491 shares in the last quarter. 97.79% of the stock is currently owned by 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.