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

Shares of Deckers Outdoor Co. (NYSE:DECK - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nineteen analysts that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $158.59.

A number of brokerages have weighed in on DECK. Robert W. Baird boosted their target price 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. Telsey Advisory Group boosted their price objective on shares of Deckers Outdoor from $183.00 to $190.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Guggenheim assumed coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They issued a "neutral" rating on the stock. Seaport Res Ptn cut Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 7th. Finally, UBS Group upped their price target on Deckers Outdoor from $226.00 to $232.00 and gave the company a "buy" rating in a research note on Friday, October 25th.

Deckers Outdoor Trading Up 2.8 %

NYSE DECK traded up $5.69 during trading hours on Friday, reaching $210.97. 3,713,241 shares of the company's stock were exchanged, compared to its average volume of 2,208,401. The firm has a fifty day moving average of $180.66 and a 200-day moving average of $97.10. Deckers Outdoor has a one year low of $108.65 and a one year high of $214.70. The stock has a market cap of $32.05 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08.

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

Insider Activity

In other news, 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 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 $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven J. Fasching sold 9,198 shares of the firm's stock in a transaction on Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the sale, the chief financial officer now owns 161,838 shares in the company, valued at approximately $26,973,539.46. The trade was a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,234 shares of company stock valued at $15,248,513 in the last quarter. Company insiders own 0.40% of the company's stock.

Institutional Trading of Deckers Outdoor

Several hedge funds and other institutional investors have recently modified their holdings of the company. ClariVest Asset Management LLC raised its holdings in shares of Deckers Outdoor by 0.4% in the second quarter. ClariVest Asset Management LLC now owns 3,474 shares of the textile maker's stock valued at $3,363,000 after purchasing an additional 14 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Deckers Outdoor by 1.4% in the 2nd quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker's stock valued at $1,298,000 after buying an additional 19 shares during the last quarter. Sunbelt Securities Inc. lifted its position in Deckers Outdoor by 7.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker's stock worth $264,000 after buying an additional 19 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Deckers Outdoor by 5.2% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker's stock worth $393,000 after buying an additional 20 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of 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 acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

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.