Bank of America Issues Positive Forecast for Deckers Outdoor (NYSE:DECK) Stock Price

Deckers Outdoor (NYSE:DECK) had its target price raised by Bank of America from $182.00 to $217.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

DECK has been the subject of a number of other research reports. Barclays lifted 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. Stifel Nicolaus lifted their target price on shares of Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company increased their target price on Deckers Outdoor from $170.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Telsey Advisory Group reissued an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a research note on Thursday. Finally, UBS Group raised their price target on shares of Deckers Outdoor from $226.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.20.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $218.70 on Thursday. Deckers Outdoor has a 1 year low of $123.33 and a 1 year high of $218.92. The company has a 50-day moving average of $201.33 and a 200 day moving average of $127.75. The firm has a market cap of $33.23 billion, a price-to-earnings ratio of 38.46, a PEG ratio of 2.96 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.35. The firm had revenue of $1.31 billion during 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 revenue was up 20.1% on a year-over-year basis. During the same period last year, the business earned $1.14 earnings per share. On average, equities analysts anticipate that Deckers Outdoor will post 5.56 EPS for the current year.

Insider Activity at Deckers Outdoor

In related news, CEO Caroti Stefano sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.73, for a total transaction of $2,635,950.00. Following the sale, the chief executive officer now owns 273,540 shares of the company’s stock, valued at $48,069,184.20. This trade represents a 5.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the transaction, the insider now owns 29,628 shares in the company, valued at $4,836,474.72. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,036 shares of company stock valued at $13,715,482 over the last ninety days. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds and other institutional investors have recently bought and sold shares of the company. Solstein Capital LLC grew its holdings in 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. Bell Investment Advisors Inc boosted its position 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 purchasing an additional 146 shares in the last quarter. Global Trust Asset Management LLC purchased a new position in Deckers Outdoor during the 4th quarter worth $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in 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 valued at $32,000 after buying an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. raised its stake in Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after buying an additional 175 shares during the last quarter. 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.