Deckers Outdoor (NYSE:DECK) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

by · The Cerbat Gem

Deckers Outdoor (NYSE:DECK – Get Free Report) had its target price upped by Needham & Company LLC from $226.00 to $246.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. Needham & Company LLC’s price target points to a potential upside of 19.85% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Robert W. Baird lifted their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Stifel Nicolaus boosted their price target on Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Bank of America raised their price objective on Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Seaport Res Ptn lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 7th. Finally, StockNews.com downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $159.76.

Check Out Our Latest Analysis on Deckers Outdoor

Deckers Outdoor Stock Down 1.5 %

Shares of NYSE:DECK opened at $205.25 on Monday. Deckers Outdoor has a 12-month low of $110.00 and a 12-month high of $214.70. The business has a 50 day moving average of $191.89 and a 200-day moving average of $113.11. The stock has a market cap of $31.18 billion, a PE ratio of 36.09, a P/E/G ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK – Get Free Report) last released its quarterly 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 business 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 41.48% and a net margin of 18.95%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 EPS. Equities research analysts expect that Deckers Outdoor will post 5.49 earnings per share for the current year.

Insider Activity

In other news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the transaction, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % 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, insider Angela Ogbechie sold 1,278 shares of the 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 sale, the insider now owns 29,628 shares of the company’s stock, valued at $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. Over the last three months, insiders have sold 75,036 shares of company stock valued at $13,715,482. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors have recently made changes to their positions in DECK. National Bank of Canada FI increased its position in Deckers Outdoor by 27.0% during the 2nd quarter. National Bank of Canada FI now owns 9,618 shares of the textile maker’s stock valued at $9,100,000 after purchasing an additional 2,042 shares during the period. Private Advisor Group LLC lifted its holdings in Deckers Outdoor by 152.5% in the second quarter. Private Advisor Group LLC now owns 760 shares of the textile maker’s stock valued at $736,000 after buying an additional 459 shares during the period. Acadian Asset Management LLC boosted its position in Deckers Outdoor by 2,234.5% during the second quarter. Acadian Asset Management LLC now owns 677 shares of the textile maker’s stock valued at $655,000 after acquiring an additional 648 shares during the last quarter. Caprock Group LLC acquired a new stake in Deckers Outdoor during the 2nd quarter worth about $1,012,000. Finally, Emerald Advisers LLC bought a new position in shares of Deckers Outdoor in the 2nd quarter worth about $437,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Company Profile

(Get Free Report)

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.

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