Deckers Outdoor (NYSE:DECK) Research Coverage Started at Needham & Company LLC

Needham & Company LLC began coverage on shares of Deckers Outdoor (NYSE:DECK) in a report released on Friday, MarketBeat reports. The firm issued a buy rating and a $218.00 price target on the textile maker’s stock.

A number of other analysts have also commented on the company. StockNews.com lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 25th. BTIG Research lowered Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. TD Cowen lifted their price objective on shares of Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, October 25th. KeyCorp increased their target price on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, UBS Group boosted their price target on shares of Deckers Outdoor from $226.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $153.53.

Deckers Outdoor Trading Up 5.6 %

DECK stock opened at $192.15 on Friday. The firm has a market cap of $29.19 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. The stock has a 50-day moving average price of $163.85 and a 200-day moving average price of $74.32. Deckers Outdoor has a 1-year low of $105.10 and a 1-year high of $193.33.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. Deckers Outdoor’s revenue was up 20.1% on a year-over-year basis. On average, analysts forecast that Deckers Outdoor will post 5.48 earnings per share for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the sale, the insider now directly owns 29,628 shares in the company, valued at $4,836,474.72. This represents a 4.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas Garcia sold 18,000 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 63,642 shares of the company’s stock, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 202,110 shares of company stock valued at $14,028,140. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of Deckers Outdoor

Several institutional investors and hedge funds have recently modified their holdings of DECK. Solstein Capital LLC increased its position in shares of Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Deckers Outdoor by 460.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock worth $27,000 after buying an additional 23 shares in the last quarter. Bell Investment Advisors Inc increased its holdings in shares of Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after buying an additional 146 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter. Finally, Crewe Advisors LLC purchased a new position in Deckers Outdoor in the second quarter worth $34,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

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.