Deckers Outdoor Co. (NYSE:DECK) Receives $149.50 Consensus Price Target from Analysts

Shares of Deckers Outdoor Co. (NYSE:DECK - Get Free Report) have received an average recommendation of "Moderate Buy" from the eighteen research firms that are presently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $149.50.

Several equities analysts recently weighed in on the stock. BTIG Research cut shares of Deckers Outdoor from a "buy" rating to a "neutral" rating in a research note on Tuesday, October 22nd. KeyCorp raised their target price on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. StockNews.com cut shares of Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 25th. Evercore ISI raised their target price on shares of Deckers Outdoor from $185.00 to $195.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Bank of America lifted their price objective on shares of Deckers Outdoor from $170.00 to $182.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of the business's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the completion of the transaction, the chief financial officer now owns 161,838 shares of the company's stock, valued at approximately $26,973,539.46. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director David Powers sold 140,832 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $23.97, for a total value of $3,376,368.96. Following the sale, the director now directly owns 2,450,808 shares in the company, valued at $58,756,760.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Steven J. Fasching sold 9,198 shares of the company's stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the sale, the chief financial officer now owns 161,838 shares in the company, valued at $26,973,539.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Institutional Trading of Deckers Outdoor

Institutional investors have recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings LLC boosted its holdings in Deckers Outdoor by 285.2% in the first quarter. Chevy Chase Trust Holdings LLC now owns 17,853 shares of the textile maker's stock valued at $16,804,000 after acquiring an additional 13,218 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Deckers Outdoor by 46.2% during the 1st quarter. BNP Paribas Financial Markets now owns 30,263 shares of the textile maker's stock worth $28,485,000 after buying an additional 9,558 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Deckers Outdoor by 3.9% during the 1st quarter. Nordea Investment Management AB now owns 1,823 shares of the textile maker's stock worth $1,728,000 after buying an additional 68 shares in the last quarter. Consolidated Portfolio Review Corp acquired a new position in shares of Deckers Outdoor during the first quarter worth approximately $2,567,000. Finally, Diversify Advisory Services LLC acquired a new position in shares of Deckers Outdoor during the first quarter worth approximately $816,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Price Performance

Shares of DECK traded down $8.63 during mid-day trading on Thursday, hitting $160.89. 2,368,917 shares of the company's stock were exchanged, compared to its average volume of 2,271,459. The company has a market cap of $4.09 billion, a PE ratio of 5.52, a P/E/G ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a 52 week low of $96.90 and a 52 week high of $184.48. The company has a 50-day simple moving average of $113.69 and a 200 day simple moving average of $56.46.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same period last year, the business earned $1.14 EPS. The business's quarterly revenue was up 20.1% on a year-over-year basis. On average, analysts anticipate that Deckers Outdoor will post 5.22 earnings per share for the current year.

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.