Deckers Outdoor Co. (NYSE:DECK) Receives $197.41 Average Price Target from Analysts

Shares of Deckers Outdoor Co. (NYSE:DECK - Get Free Report) have earned 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 rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $197.41.

A number of analysts have recently weighed in on DECK shares. Robert W. Baird raised their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Stifel Nicolaus lifted their price objective on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Barclays lifted their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Finally, Jefferies Financial Group lifted their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday, January 28th.

Insiders Place Their Bets

In other news, Director David Powers sold 25,000 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares of the company's stock, valued at $33,568,318.68. The trade was a 9.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the transaction, the director now owns 10,222 shares in the company, valued at $2,052,577.60. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 39,574 shares of company stock valued at $6,505,085. Company insiders own 0.40% of the company's stock.

Hedge Funds Weigh In On Deckers Outdoor

Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in shares of Deckers Outdoor by 448.5% in the 3rd quarter. US Bancorp DE now owns 28,906 shares of the textile maker's stock valued at $4,609,000 after purchasing an additional 23,636 shares in the last quarter. Farther Finance Advisors LLC grew its position in Deckers Outdoor by 2,037.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,052 shares of the textile maker's stock worth $327,000 after purchasing an additional 1,956 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Deckers Outdoor by 558.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 110,630 shares of the textile maker's stock worth $17,640,000 after acquiring an additional 93,818 shares during the period. Van ECK Associates Corp lifted its stake in shares of Deckers Outdoor by 562.6% in the 3rd quarter. Van ECK Associates Corp now owns 39,586 shares of the textile maker's stock worth $5,976,000 after acquiring an additional 33,612 shares during the period. Finally, Forum Financial Management LP lifted its stake in Deckers Outdoor by 498.5% during the third quarter. Forum Financial Management LP now owns 2,400 shares of the textile maker's stock valued at $383,000 after purchasing an additional 1,999 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Trading Up 1.7 %

Shares of NYSE:DECK traded up $2.26 during midday trading on Wednesday, reaching $136.04. 2,229,626 shares of the company were exchanged, compared to its average volume of 3,109,641. Deckers Outdoor has a one year low of $131.20 and a one year high of $223.98. The business's fifty day moving average is $184.35 and its two-hundred day moving average is $157.61. The stock has a market cap of $20.65 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts expect that Deckers Outdoor will post 5.89 EPS for the current year.

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.