Deckers Outdoor Co. (NYSE:DECK – Get Free Report)’s share price hit a new 52-week high during trading on Wednesday after Jefferies Financial Group raised their price target on the stock from $180.00 to $200.00. Jefferies Financial Group currently has a hold rating on the stock. Deckers Outdoor traded as high as $219.82 and last traded at $218.72, with a volume of 211600 shares changing hands. The stock had previously closed at $215.92.
Several other analysts have also recently commented on the company. Truist Financial raised their price target on Deckers Outdoor from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Wells Fargo & Company increased their price target on shares of Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Guggenheim initiated coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating for the company. Stifel Nicolaus boosted their price target on Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, TD Cowen upped their price objective on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $192.58.
View Our Latest Stock Analysis on DECK
Insider Buying and Selling
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of DECK. Global Trust Asset Management LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth about $31,000. Solstein Capital LLC grew its position in shares of Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares in the last quarter. Bell Investment Advisors Inc raised its holdings in Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 146 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the period. Finally, Rakuten Securities Inc. boosted its position in shares of Deckers Outdoor by 397.7% during the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after acquiring an additional 175 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.
Deckers Outdoor Trading Up 1.9 %
The company has a market cap of $33.88 billion, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 2.98 and a beta of 1.08. The company has a 50 day moving average price of $206.19 and a 200-day moving average price of $135.05.
Deckers Outdoor (NYSE:DECK – Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. Equities analysts expect that Deckers Outdoor Co. will post 5.56 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.
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