Deckers Outdoor (NYSE:DECK) Price Target Cut to $225.00 by Analysts at Truist Financial

Deckers Outdoor (NYSE:DECK - Free Report) had its price objective trimmed by Truist Financial from $235.00 to $225.00 in a report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the textile maker's stock.

Several other brokerages have also issued reports on DECK. Barclays lifted their target price on Deckers Outdoor from $190.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday. Telsey Advisory Group reissued an "outperform" rating and set a $240.00 target price on shares of Deckers Outdoor in a report on Friday. UBS Group raised their target price on Deckers Outdoor from $226.00 to $232.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Robert W. Baird upped their price target on Deckers Outdoor from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, Seaport Res Ptn cut shares of Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 7th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $197.41.

Deckers Outdoor Stock Performance

Shares of NYSE DECK traded down $1.06 during midday trading on Friday, hitting $169.57. 5,836,533 shares of the stock traded hands, compared to its average volume of 2,794,182. Deckers Outdoor has a one year low of $131.39 and a one year high of $223.98. The business has a 50 day moving average price of $205.90 and a two-hundred day moving average price of $137.68. The company has a market cap of $25.76 billion, a PE ratio of 27.49, a P/E/G ratio of 1.85 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating 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, equities research analysts forecast that Deckers Outdoor will post 5.92 EPS for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other news, CEO Caroti Stefano sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $175.73, for a total transaction of $2,635,950.00. Following the transaction, the chief executive officer now directly owns 273,540 shares of the company's stock, valued at approximately $48,069,184.20. The trade was a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 completion of the sale, the director now owns 10,222 shares in the company, valued at approximately $2,052,577.60. This trade represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,758 shares of company stock worth $13,506,861. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC lifted its holdings in Deckers Outdoor by 507.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 593,020 shares of the textile maker's stock worth $120,436,000 after buying an additional 495,364 shares during the period. Todd Asset Management LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth about $31,154,000. Coyle Financial Counsel LLC increased its stake in shares of Deckers Outdoor by 500.2% in the 4th quarter. Coyle Financial Counsel LLC now owns 4,862 shares of the textile maker's stock worth $987,000 after acquiring an additional 4,052 shares in the last quarter. BankPlus Trust Department purchased a new position in Deckers Outdoor during the 4th quarter valued at about $82,000. Finally, Crestwood Advisors Group LLC boosted its stake in Deckers Outdoor by 4.6% during the fourth quarter. Crestwood Advisors Group LLC now owns 3,097 shares of the textile maker's stock worth $629,000 after acquiring an additional 137 shares in the last quarter. 97.79% of the stock is 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.