Deckers Outdoor (NYSE:DECK) Price Target Raised to $235.00

Deckers Outdoor (NYSE:DECK) had its target price increased by Evercore ISI from $195.00 to $235.00 in a research note published on Thursday,Benzinga reports. The firm currently has an outperform rating on the textile maker’s stock.

A number of other equities analysts have also issued reports on DECK. Stifel Nicolaus increased their price objective on Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Needham & Company LLC increased their price target on Deckers Outdoor from $226.00 to $246.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Guggenheim started coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They set a “neutral” rating for the company. Piper Sandler set a $166.00 price target on Deckers Outdoor in a research note on Thursday, October 17th. Finally, StockNews.com lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $164.76.

Deckers Outdoor Stock Up 0.0 %

Shares of NYSE DECK opened at $207.60 on Thursday. The stock’s 50 day moving average price is $195.30 and its two-hundred day moving average price is $117.54. The stock has a market capitalization of $31.54 billion, a P/E ratio of 36.51, a PEG ratio of 2.87 and a beta of 1.08. Deckers Outdoor has a 52-week low of $115.64 and a 52-week high of $214.70.

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

Insider Activity

In other Deckers Outdoor news, insider Thomas Garcia sold 18,000 shares of the firm’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 completion of the transaction, the insider now owns 63,642 shares in the company, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the transaction, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,036 shares of company stock worth $13,715,482 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. FMR LLC increased its holdings 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 worth $3,646,539,000 after purchasing an additional 19,053,113 shares during the period. State Street Corp increased its stake 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 acquiring an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC increased its stake in Deckers Outdoor by 509.1% in the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after acquiring an additional 3,393,420 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after acquiring an additional 1,170,855 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Deckers Outdoor by 529.0% in the third 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 acquiring an additional 1,074,263 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

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.