Raymond James Increases Deckers Outdoor (NYSE:DECK) Price Target to $845.00

Deckers Outdoor (NYSE:DECKGet Free Report) had its target price boosted by analysts at Raymond James from $585.00 to $845.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the textile maker’s stock. Raymond James’ price objective suggests a potential upside of 12.11% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Telsey Advisory Group raised their price objective on shares of Deckers Outdoor from $800.00 to $850.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Piper Sandler raised their price objective on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Wells Fargo & Company raised their price objective on shares of Deckers Outdoor from $540.00 to $625.00 and gave the stock an “equal weight” rating in a research note on Friday, December 22nd. Citigroup lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $665.00 to $710.00 in a research note on Friday, December 8th. Finally, UBS Group lifted their target price on shares of Deckers Outdoor from $865.00 to $950.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus target price of $747.23.

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Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $753.72 on Tuesday. The company has a 50 day moving average price of $701.50 and a 200 day moving average price of $600.31. Deckers Outdoor has a 1-year low of $395.90 and a 1-year high of $776.07. The stock has a market capitalization of $19.39 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 1.81 and a beta of 0.95.

Insider Activity

In other news, CEO David Powers sold 17,978 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $716.52, for a total transaction of $12,881,596.56. Following the transaction, the chief executive officer now owns 98,218 shares in the company, valued at approximately $70,375,161.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Caroti Stefano sold 14,725 shares of Deckers Outdoor stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $687.46, for a total value of $10,122,848.50. Following the transaction, the insider now owns 49,036 shares in the company, valued at approximately $33,710,288.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Powers sold 17,978 shares of Deckers Outdoor stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $716.52, for a total transaction of $12,881,596.56. Following the completion of the transaction, the chief executive officer now owns 98,218 shares in the company, valued at approximately $70,375,161.36. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Institutional Trading of Deckers Outdoor

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. abrdn plc grew its position in Deckers Outdoor by 2.2% in the 4th quarter. abrdn plc now owns 89,532 shares of the textile maker’s stock worth $59,846,000 after purchasing an additional 1,930 shares during the last quarter. Greenleaf Trust grew its position in Deckers Outdoor by 1.7% in the 4th quarter. Greenleaf Trust now owns 2,088 shares of the textile maker’s stock worth $1,396,000 after purchasing an additional 35 shares during the last quarter. Fidelis Capital Partners LLC grew its position in Deckers Outdoor by 14.2% in the 4th quarter. Fidelis Capital Partners LLC now owns 571 shares of the textile maker’s stock worth $382,000 after purchasing an additional 71 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Deckers Outdoor by 1.5% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,029 shares of the textile maker’s stock valued at $2,693,000 after acquiring an additional 59 shares in the last quarter. Finally, Aurora Private Wealth Inc. acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $217,000. 95.69% of the stock is currently owned by institutional investors and hedge funds.

About Deckers Outdoor

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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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

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