Barclays Raises Deckers Outdoor (NYSE:DECK) Price Target to $190.00

Deckers Outdoor (NYSE:DECK) had its price target increased by Barclays from $180.00 to $190.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an overweight rating on the textile maker’s stock.

Other equities analysts have also issued research reports about the company. Bank of America increased their target price on Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a research note on Friday. StockNews.com cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Seaport Res Ptn cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Truist Financial raised their price target on shares of Deckers Outdoor from $204.17 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company boosted their price objective on shares of Deckers Outdoor from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Deckers Outdoor currently has an average rating of “Moderate Buy” and a consensus target price of $149.50.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $168.11 on Friday. Deckers Outdoor has a 1 year low of $80.67 and a 1 year high of $184.48. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 5.74, a P/E/G ratio of 2.85 and a beta of 1.05. The business has a fifty day simple moving average of $105.11 and a two-hundred day simple moving average of $53.60.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate of $1.24 by $0.35. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. Deckers Outdoor’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 EPS. As a group, equities analysts anticipate that Deckers Outdoor will post 5.22 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

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

Institutional Trading of Deckers Outdoor

Hedge funds have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Deckers Outdoor by 460.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after buying an additional 23 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in 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 period. Crewe Advisors LLC acquired a new stake in shares of Deckers Outdoor in the second quarter valued at about $34,000. GHP Investment Advisors Inc. bought a new position in shares of Deckers Outdoor during the third quarter worth about $36,000. Finally, Salomon & Ludwin LLC lifted its stake in shares of Deckers Outdoor by 500.0% in the third quarter. Salomon & Ludwin LLC now owns 246 shares of the textile maker’s stock worth $39,000 after acquiring an additional 205 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Company Profile

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.