Deckers Outdoor (NYSE:DECK) Coverage Initiated by Analysts at Needham & Company LLC

Research analysts at Needham & Company LLC started coverage on shares of Deckers Outdoor (NYSE:DECK - Get Free Report) in a report issued on Friday, MarketBeat Ratings reports. The brokerage set a "buy" rating and a $218.00 price target on the textile maker's stock. Needham & Company LLC's price target indicates a potential upside of 12.99% from the company's current price.

Several other research analysts also recently weighed in on DECK. Piper Sandler set a $166.00 target price on Deckers Outdoor in a research report on Thursday, October 17th. Wedbush reissued an "outperform" rating and set a $28.61 price objective on shares of Deckers Outdoor in a research note on Friday, July 26th. Telsey Advisory Group upped their price target on Deckers Outdoor from $183.00 to $190.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. TD Cowen upped their price target on Deckers Outdoor from $178.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Finally, Bank of America increased their target price on Deckers Outdoor from $170.00 to $182.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of "Moderate Buy" and an average target price of $153.53.

Deckers Outdoor Trading Up 6.1 %

Shares of DECK traded up $11.02 during trading hours on Friday, reaching $192.93. 1,932,375 shares of the company traded hands, compared to its average volume of 2,232,967. The firm has a market cap of $29.31 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 2.47 and a beta of 1.05. Deckers Outdoor has a 12-month low of $105.10 and a 12-month high of $192.99. The stock's fifty day moving average price is $160.53 and its 200 day moving average price is $72.80.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. The company's revenue for the quarter was up 20.1% compared to the same quarter last year. On average, research analysts forecast that Deckers Outdoor will post 5.48 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In related news, Director David Powers sold 140,832 shares of the business's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the completion of the sale, the director now owns 2,450,808 shares of the company's stock, valued at $58,756,760.24. This represents a 5.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Garcia sold 18,000 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total value of $3,155,040.00. Following the transaction, the insider now owns 63,642 shares of the company's stock, valued at $11,155,169.76. This represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 202,110 shares of company stock valued at $14,028,140 over the last three months. 0.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Deckers Outdoor

Institutional investors have recently modified their holdings of the company. Solstein Capital LLC boosted its holdings in shares of Deckers Outdoor by 500.0% in 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 in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Deckers Outdoor by 460.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker's stock worth $27,000 after acquiring an additional 23 shares in the last quarter. Bell Investment Advisors Inc boosted its position in shares of Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker's stock valued at $28,000 after purchasing an additional 146 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker's stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Crewe Advisors LLC acquired a new stake in Deckers Outdoor during the second quarter valued at approximately $34,000. Institutional investors own 97.79% of the company's stock.

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.