Stifel Nicolaus Increases Deckers Outdoor (NYSE:DECK) Price Target to $181.00

Deckers Outdoor (NYSE:DECK) had its price target boosted by equities research analysts at Stifel Nicolaus from $147.83 to $181.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the textile maker’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 7.67% from the company’s current price.

A number of other equities research analysts have also recently commented on DECK. Guggenheim began coverage on shares of Deckers Outdoor in a report on Wednesday, October 9th. They issued a “neutral” rating on the stock. Piper Sandler set a $166.00 price objective on Deckers Outdoor in a report on Thursday, October 17th. Evercore ISI boosted their price objective on Deckers Outdoor from $183.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. UBS Group increased their target price on shares of Deckers Outdoor from $225.00 to $226.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, TD Cowen boosted their price target on shares of Deckers Outdoor from $176.00 to $178.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.50.

Deckers Outdoor Stock Up 10.6 %

DECK stock opened at $168.11 on Friday. The firm has a market cap of $4.28 billion, a PE ratio of 5.74, a P/E/G ratio of 2.85 and a beta of 1.05. The business has a 50 day moving average of $105.11 and a 200-day moving average of $53.38. Deckers Outdoor has a 12-month low of $80.67 and a 12-month high of $184.48.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS. On average, research analysts expect that Deckers Outdoor will post 5.22 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In related news, CFO Steven J. Fasching sold 9,198 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the sale, the chief financial officer now owns 161,838 shares in the company, valued at approximately $26,973,539.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Steven J. Fasching sold 9,198 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the sale, the chief financial officer now owns 161,838 shares in the company, valued at approximately $26,973,539.46. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Powers sold 140,832 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the completion of the sale, the director now owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Deckers Outdoor

A number of institutional investors have recently modified their holdings of the stock. ClariVest Asset Management LLC raised its position in shares of Deckers Outdoor by 0.4% during the 2nd quarter. ClariVest Asset Management LLC now owns 3,474 shares of the textile maker’s stock worth $3,363,000 after purchasing an additional 14 shares during the last quarter. U S Global Investors Inc. boosted its holdings in Deckers Outdoor by 1.5% in the second quarter. U S Global Investors Inc. now owns 995 shares of the textile maker’s stock valued at $963,000 after purchasing an additional 15 shares during the period. Arkadios Wealth Advisors grew its position in shares of Deckers Outdoor by 1.4% during the second quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker’s stock worth $1,298,000 after buying an additional 19 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of Deckers Outdoor by 7.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock valued at $264,000 after purchasing an additional 19 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its holdings in Deckers Outdoor by 5.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker’s stock valued at $393,000 after buying an additional 20 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.