Deckers Outdoor (NYSE:DECK) Price Target Raised to $230.00

Deckers Outdoor (NYSE:DECK) had its target price raised by KeyCorp from $213.00 to $230.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the textile maker’s stock.

Several other research analysts have also issued reports on the company. Citigroup boosted their target price on Deckers Outdoor from $178.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday. BTIG Research cut Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. UBS Group increased their target price on Deckers Outdoor from $226.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Bank of America upped their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a report on Thursday. 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.20.

Deckers Outdoor Stock Down 0.8 %

Shares of DECK opened at $216.90 on Thursday. The business has a fifty day moving average of $203.00 and a 200 day moving average of $130.43. The company has a market cap of $32.95 billion, a PE ratio of 38.14, a P/E/G ratio of 2.98 and a beta of 1.08. Deckers Outdoor has a 52-week low of $125.15 and a 52-week high of $218.92.

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, topping 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 quarter last year, the business earned $1.14 EPS. As a group, research analysts anticipate that Deckers Outdoor will post 5.56 earnings per share for the current fiscal year.

Insider Activity at Deckers Outdoor

In other news, CFO Steven J. Fasching sold 8,802 shares of Deckers Outdoor stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the completion of the sale, the chief financial officer now directly owns 153,036 shares in the company, valued at approximately $26,781,300. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Angela Ogbechie sold 1,278 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 29,628 shares in the company, valued at approximately $4,836,474.72. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,036 shares of company stock valued at $13,715,482 in the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of Deckers Outdoor

Several large investors have recently added to or reduced their stakes in DECK. Solstein Capital LLC raised its stake 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. Bell Investment Advisors Inc raised its position in Deckers Outdoor by 521.4% during 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. Global Trust Asset Management LLC acquired a new stake in Deckers Outdoor during the 4th quarter valued at approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Deckers Outdoor by 2,000.0% in 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 acquiring an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. increased its stake in shares of Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after acquiring an additional 175 shares during the period. 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.