Deckers Outdoor (NYSE:DECK) Rating Increased to Buy at Citigroup

Deckers Outdoor (NYSE:DECK - Get Free Report) was upgraded by equities research analysts at Citigroup from a "neutral" rating to a "buy" rating in a report issued on Friday, MarketBeat Ratings reports. The brokerage currently has a $215.00 price target on the textile maker's stock. Citigroup's price target would suggest a potential upside of 36.07% from the stock's previous close.

DECK has been the subject of a number of other research reports. Truist Financial reduced their price objective on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, January 31st. BTIG Research cut Deckers Outdoor from a "buy" rating to a "neutral" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus raised their price objective on Deckers Outdoor from $181.00 to $185.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Needham & Company LLC reissued a "buy" rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Bank of America lifted their target price on Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $197.41.

Deckers Outdoor Trading Down 2.3 %

DECK stock traded down $3.65 during mid-day trading on Friday, reaching $158.01. The company's stock had a trading volume of 2,294,865 shares, compared to its average volume of 3,018,378. The company has a market cap of $23.98 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 1.93 and a beta of 1.07. The business's 50 day moving average price is $203.55 and its 200 day moving average price is $142.83. Deckers Outdoor has a 12 month low of $131.39 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, equities analysts expect that Deckers Outdoor will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other news, insider Thomas Garcia sold 18,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Caroti Stefano sold 15,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.73, for a total value of $2,635,950.00. Following the completion of the transaction, the chief executive officer now owns 273,540 shares in the company, valued at approximately $48,069,184.20. This trade represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,956 shares of company stock worth $10,387,731. Insiders own 0.40% of the company's stock.

Hedge Funds Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global Trust Asset Management LLC purchased a new position in Deckers Outdoor during the fourth quarter valued at $31,000. Solstein Capital LLC raised its holdings in Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker's stock valued at $26,000 after acquiring an additional 135 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after acquiring an additional 120 shares during the period. Bell Investment Advisors Inc raised its holdings in Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker's stock valued at $28,000 after acquiring an additional 146 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker's stock valued at $32,000 after acquiring an additional 200 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

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.