Deckers Outdoor (NYSE:DECK) Price Target Raised to $231.00 at Barclays

Deckers Outdoor (NYSE:DECK - Get Free Report) had its price objective raised by Barclays from $190.00 to $231.00 in a report issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the textile maker's stock. Barclays's target price points to a potential upside of 36.23% from the stock's previous close.

Several other research analysts also recently commented on the stock. Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a research note on Thursday, October 17th. Guggenheim began coverage on shares of Deckers Outdoor in a report on Wednesday, October 9th. They issued a "neutral" rating for the company. KeyCorp upped their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Evercore ISI raised their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Finally, Seaport Res Ptn lowered Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 7th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.41.

Deckers Outdoor Price Performance

Shares of DECK traded down $1.06 during midday trading on Friday, hitting $169.57. The stock had a trading volume of 5,836,533 shares, compared to its average volume of 2,794,182. The stock's 50 day moving average is $205.90 and its 200 day moving average is $137.68. The firm has a market cap of $25.76 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. Deckers Outdoor has a 1 year low of $131.39 and a 1 year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, equities research analysts expect that Deckers Outdoor will post 5.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In related news, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total value of $3,155,040.00. Following the completion of the sale, the insider now owns 63,642 shares in the company, valued at $11,155,169.76. This represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,758 shares of company stock worth $13,506,861. Insiders own 0.40% of the company's stock.

Institutional Trading of Deckers Outdoor

Several institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock worth $206,790,000 after acquiring an additional 1,170,855 shares in the last quarter. City Center Advisors LLC purchased a new stake in Deckers Outdoor during the fourth quarter worth about $575,000. B. Riley Wealth Advisors Inc. lifted its position in shares of Deckers Outdoor by 506.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker's stock worth $1,060,000 after purchasing an additional 5,574 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Deckers Outdoor by 512.9% in the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker's stock valued at $63,371,000 after purchasing an additional 332,590 shares during the period. Finally, Cadent Capital Advisors LLC grew its holdings in shares of Deckers Outdoor by 116.8% in the fourth quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker's stock valued at $1,316,000 after purchasing an additional 3,491 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

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.