Deckers Outdoor Co. (NYSE:DECK) Receives $158.59 Consensus Target Price from Brokerages

Shares of Deckers Outdoor Co. (NYSE:DECK) have been given a consensus recommendation of “Moderate Buy” by the nineteen analysts that are currently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $158.59.

A number of analysts have recently issued reports on the company. Piper Sandler set a $166.00 target price on Deckers Outdoor in a research report on Thursday, October 17th. Needham & Company LLC increased their target price on Deckers Outdoor from $218.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Bank of America raised their price target on shares of Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Truist Financial increased their price objective on shares of Deckers Outdoor from $205.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Barclays boosted their target price on shares of Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th.

Insider Buying and Selling

In other Deckers Outdoor news, insider Anne Spangenberg sold 3,882 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were 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 owns 67,434 shares in the company, valued at approximately $12,571,720.62. This represents a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Angela Ogbechie sold 1,278 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the sale, the insider now owns 29,628 shares in the company, 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. In the last 90 days, insiders have sold 84,234 shares of company stock valued at $15,248,513. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DECK. Principal Financial Group Inc. lifted its holdings in Deckers Outdoor by 512.9% in the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock worth $63,371,000 after purchasing an additional 332,590 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of Deckers Outdoor by 110.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 60,894 shares of the textile maker’s stock worth $9,710,000 after acquiring an additional 31,947 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Deckers Outdoor by 506.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock worth $1,060,000 after acquiring an additional 5,574 shares during the period. Logan Capital Management Inc. boosted its holdings in shares of Deckers Outdoor by 494.1% in the third quarter. Logan Capital Management Inc. now owns 112,519 shares of the textile maker’s stock valued at $17,941,000 after acquiring an additional 93,580 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of Deckers Outdoor by 3,428.6% during the third quarter. Retirement Systems of Alabama now owns 199,753 shares of the textile maker’s stock valued at $31,851,000 after acquiring an additional 194,092 shares during the period. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $210.97 on Friday. The business’s 50-day simple moving average is $181.65 and its 200 day simple moving average is $99.32. The company has a market cap of $32.05 billion, a P/E ratio of 37.10, a PEG ratio of 2.87 and a beta of 1.08. Deckers Outdoor has a one year low of $108.65 and a one year high of $214.70.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (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%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 earnings per share. Analysts predict that Deckers Outdoor will post 5.49 earnings per share for the current year.

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.