Deckers Outdoor (NYSE:DECK) Price Target Raised to $200.00 at Jefferies Financial Group

Deckers Outdoor (NYSE:DECK - Get Free Report) had its target price lifted by research analysts at Jefferies Financial Group from $180.00 to $200.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "hold" rating on the textile maker's stock. Jefferies Financial Group's price target points to a potential downside of 7.36% from the stock's previous close.

Other research analysts also recently issued reports about the stock. UBS Group boosted their target price 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. Piper Sandler set a $166.00 price objective on shares of Deckers Outdoor in a report on Thursday, October 17th. Evercore ISI lifted their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. TD Cowen lifted their price objective on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, KeyCorp lifted their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $183.19.

Deckers Outdoor Stock Performance

NYSE DECK traded up $3.98 on Tuesday, reaching $215.88. 1,890,251 shares of the company's stock traded hands, compared to its average volume of 1,665,538. The firm has a market cap of $32.80 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 2.98 and a beta of 1.08. The stock has a 50 day moving average price of $203.00 and a 200-day moving average price of $131.17. Deckers Outdoor has a fifty-two week low of $125.15 and a fifty-two week high of $218.92.

Insider Buying and Selling

In other news, 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 value of $208,620.72. Following the completion of the transaction, the insider now directly owns 29,628 shares in the company, valued at approximately $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven J. Fasching sold 8,802 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the completion of the transaction, the chief financial officer now owns 153,036 shares of the company's stock, valued at $26,781,300. This trade represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,036 shares of company stock valued at $13,715,482. Insiders own 0.40% of the company's stock.

Institutional Trading of Deckers Outdoor

Several institutional investors have recently added to or reduced their stakes in DECK. Wilmington Savings Fund Society FSB increased its holdings in shares of Deckers Outdoor by 62.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker's stock worth $1,407,000 after acquiring an additional 2,668 shares during the period. Kingsview Wealth Management LLC increased its holdings in shares of Deckers Outdoor by 5.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 5,826 shares of the textile maker's stock worth $1,183,000 after acquiring an additional 300 shares during the period. Apollon Wealth Management LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth about $434,000. Fairvoy Private Wealth LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth about $982,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Deckers Outdoor by 2.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,966 shares of the textile maker's stock worth $3,446,000 after acquiring an additional 424 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

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.

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