Brokerages Set Deckers Outdoor Co. (NYSE:DECK) Price Target at $158.59

by · The Markets Daily

Deckers Outdoor Co. (NYSE:DECK – Get Free Report) has received a consensus rating of “Moderate Buy” from the nineteen research firms that are presently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $158.59.

Several equities analysts have commented on the stock. UBS Group raised their price target on shares of Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Robert W. Baird lifted their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. KeyCorp upped their price target on Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Telsey Advisory Group increased their price target on Deckers Outdoor from $183.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Bank of America boosted their price objective on Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th.

View Our Latest Report on Deckers Outdoor

Insider Buying and Selling at Deckers Outdoor

In other news, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction 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 transaction, the chief financial officer now directly owns 161,838 shares of the company’s stock, valued at $26,973,539.46. The trade was a 5.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $208,620.72. Following the completion of the sale, the insider now owns 29,628 shares of the company’s stock, valued at approximately $4,836,474.72. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,234 shares of company stock worth $15,248,513 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Solstein Capital LLC increased its holdings 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 valued at $26,000 after purchasing an additional 135 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in Deckers Outdoor by 460.0% in the 2nd 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. 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. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake 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 worth $32,000 after acquiring an additional 200 shares during the period. Finally, Crewe Advisors LLC acquired a new stake in shares of Deckers Outdoor in the 2nd quarter worth $34,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Up 0.7 %

DECK opened at $209.43 on Friday. The stock’s 50-day moving average price is $184.45 and its 200 day moving average price is $102.58. Deckers Outdoor has a 12-month low of $108.65 and a 12-month high of $214.70. The firm has a market cap of $31.82 billion, a price-to-earnings ratio of 36.83, a PEG ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK – Get Free Report) last issued its quarterly 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 business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 earnings per share. On average, research analysts forecast that Deckers Outdoor will post 5.49 earnings per share for the current year.

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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