Deckers Outdoor's (DECK) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Deckers Outdoor (NYSE:DECK - Free Report) in a research report sent to investors on Friday morning,Benzinga reports. Needham & Company LLC currently has a $246.00 price target on the textile maker's stock.

Several other equities analysts also recently commented on DECK. Robert W. Baird increased their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Barclays raised their price objective on Deckers Outdoor from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Bank of America increased their price target on Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. KeyCorp boosted their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Finally, Truist Financial raised their target price on shares of Deckers Outdoor from $230.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Deckers Outdoor presently has an average rating of "Moderate Buy" and an average target price of $197.41.

Deckers Outdoor Price Performance

DECK traded down $1.06 during trading on Friday, reaching $169.57. 5,032,788 shares of the stock traded hands, compared to its average volume of 2,739,387. Deckers Outdoor has a fifty-two week low of $131.39 and a fifty-two week high of $223.98. The stock's 50-day simple moving average is $205.90 and its two-hundred day simple moving average is $137.68. The stock has a market cap of $25.76 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth 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 EPS for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Research analysts anticipate that Deckers Outdoor will post 5.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Anne Spangenberg sold 3,882 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $186.43, for a total value of $723,721.26. Following the completion of the transaction, the insider now directly owns 67,434 shares of the company's stock, valued at approximately $12,571,720.62. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Garcia sold 18,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now directly owns 63,642 shares in the company, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,758 shares of company stock valued at $13,506,861. 0.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DECK. Coyle Financial Counsel LLC raised its position in shares of Deckers Outdoor by 500.2% during the 4th quarter. Coyle Financial Counsel LLC now owns 4,862 shares of the textile maker's stock valued at $987,000 after acquiring an additional 4,052 shares during the last quarter. BankPlus Trust Department acquired a new stake in Deckers Outdoor in the fourth quarter worth $82,000. Crestwood Advisors Group LLC raised its stake in Deckers Outdoor by 4.6% during the 4th quarter. Crestwood Advisors Group LLC now owns 3,097 shares of the textile maker's stock worth $629,000 after buying an additional 137 shares during the period. Sigma Investment Counselors Inc. bought a new position in Deckers Outdoor during the fourth quarter worth about $3,143,000. Finally, MONECO Advisors LLC acquired a new position in Deckers Outdoor in the fourth quarter valued at about $234,000. 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.